Francesco Carlo Vancini examines the role of the independent expert in Italy’s negotiated business crisis restructuring procedure, focusing on the assessment of corporate data reliability and the distinction between the expert’s responsibilities and those of an independent certifying professional. Although the expert is not required to certify the accuracy of the data, independent and proportionate checks are necessary to assess restructuring prospects and the effectiveness of protective measures. The article provides an operational checklist based on multi-year trial balances and reconciliations with external sources, illustrating their potential impact on the practical viability test. It also proposes a structured opinion that clearly identifies the checks performed and any remaining uncertainties.
Published in Crisi e risanamento No. 78/2026 by Euroconference.
