By Cesare Milani

As corporate responsibility and business integrity become increasingly important to global commercial businesses, Italy has responded domestically with a review of two key laws which may significantly impact Italian companies.

Italian Legislative No. 231 dated June 8, 2001 (Decree 231)

Decree 231 has been in force for seventeen years and is likely to be significantly amended during the course of 2017.

On November 4, 2016 a draft proposal (No. 4138 – the 231 Draft Law Proposal) was filed with the Chamber of Deputies of the Italian Parliament. An appointed commission is currently evaluating such draft, in consultation with a number of different economic operators (e.g. trade associations, banks, insurances, etc).