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Italian Cabinet approves urgent measures to protect the workers of companies in crisis

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Rome: The Italian Council of Ministers, which met here on Thursday 15 July, approved urgent measures to protect the workers of companies in crisis on the proposal of the Minister of Labor and Social Policies Andrea Orlando.

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The proposed legislation provides for two rules.

Exemption of severance pay
The proposed legislation allows companies in bankruptcy proceedings or in extraordinary administration, which request extraordinary salary integration from 1 July to 31 December 2021, the possibility of being exempted from the payment of the severance indemnity provisions relating to the remuneration lost following the hourly reduction or suspension from work and the so-called dismissal contribution. This is an extension of the effectiveness of the measure referred to in article 43-bis of decree-law no. 109/2018.

Covid cashier integration
The rule provides exceptionally, for companies with a number of employees of not less than a thousand that manage at least one industrial plant of national strategic interest, the granting of the wage integration treatment referred to in Article 8, paragraph 1 of Decree 22 March 2021, n. 41, converted, with modifications, by law 21 May 20221, n. 69, for a maximum duration of a further thirteen weeks usable until 31 December 2021.

The Council of Ministers, on the proposal of President Mario Draghi and Minister of Economy and Finance Daniele Franco, approved, in preliminary examination, a legislative decree that introduces rules for the adaptation of national legislation to the provisions of European directives on the subject of cross-border distribution of undertakings for collective investment.

The provision, consisting of seven articles, introduces the notion of “pre-marketing”, which consists in providing information and communications on investment strategies or ideas by an asset management company or an alternative investment fund manager to potential professional investors. It is clarified that pre-marketing does not constitute an offer to the public.

CIVIL PROTECTION RESOLUTIONS
The Council of Ministers, on the proposal of President Mario Draghi, approved the declaration of a state of emergency for intervention abroad as a result of the heavy rains and floods that hit the eastern part of the Belgian territory on 14 July 2021, and in particular the provinces of Luxembourg, Liège, Namur and Limburg.

REGIONAL LAWS
The Italian Council of Ministers also resolved to challenge the law of the Friuli Venezia Giulia Region no. 6 of 14 May 2021, which makes “Provisions on finances, agri-food and forestry resources, biodiversity, mushrooms, hunting management, sport fishing, productive activities, tourism, local autonomies, safety, fellow countrymen abroad, public function, work, professions, training, education, research, family, heritage, state property, information systems, infrastructures, territory, roads, environment, energy, culture, sport, civil protection, health, social policies and third sector (regional multisectoral law 2021).”

The Italian Cabinet has taken this decision regarding the law of the Friuli Venezia Giulia Region on the ground that few of its provisions violate some articles of the Constitution.

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