NEW STRATEGIC FRAMEWORK • 2026 EDITION
The Global CFO's Guide to
Italian Exits
A definitive operational roadmap for winding down Italian operations. Learn how to preserve control, limit liability, and execute a socially responsible exit without destroying group value.
The Italian Paradox
Italy remains a hub of industrial excellence, yet for Global HQs, it represents a structural trap. A wind-down is never just an administrative decision—it's a high-stakes operational project.
Too often, leadership assumes local lawyers can handle a closure. They are wrong. Without a strategic framework, you face the "Labor Wall", criminal exposure for directors, and the destruction of asset value through tax clawbacks.
"The greatest risk to the Group during this phase is not the pain itself, but the human tendency to handle such decisions under the influx of emotions rather than rationality."
Andrea Lovisatti, Author
Inside the Strategic Framework
This guide moves beyond theory to provide a "boots-on-the-ground" execution plan for CFOs.
CHAPTER 2
The Financial Roadmap
Converting strategic intent into a rational model. How to forecast the "burn rate" of strikes and calculate the true cost of exit.
CHAPTER 3
The "Labor Wall"
Where strategy meets the street. Navigating Law 223/1991, collective dismissals, and the cost of social peace.
CHAPTER 4
Tax & Legal Architecture
Avoiding the "Exit Tax" trap, transferring intangibles correctly, and repatriating cash without triggering audits.
CHAPTER 5
Site Decommissioning
The hidden balance sheet. Managing environmental liabilities and the "polluter pays" principle.
CHAPTER 6
Directors Corporate liabiities
Avoiding the "Exit Tax" trap, transferring intangibles correctly, and repatriating cash without triggering audits.
ABOUT THE AUTHOR
Andrea Lovisatti, CPA, MBA
An expert in complex cross-border restructurings, Andrea Lovisatti specializes in guiding Global CFOs through the intricacies of the Italian industrial landscape.
As an interim CRO and liquidator, he bridges the gap between HQ's strategic intent and local operational realities. He dedicates this guide to the legal and financial professionals who navigate the trenches of Italian operations.
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