Eugenio Vaccari, lecturer at the University of Essex School of Law, has written for The Conversation on the problems of Italian chocolate company, Pernigotti, and how Italy’s approach to corporate rescue hurts the country.

Cases like Pernigotti, Ilva and Alitalia have become all too common in a country (Italy) whose industries often struggle to successfully compete, particularly with developing countries. And in spite of jobs being saved at Ilva, they also reveal serious problems with Italy’s approach to rescuing companies. It is a major drag on the economy, and desperately needs to be reformed.