At the second master’s course for specialisation in the new bankruptcy procedures for corporate crisis management, the presentation by Franco Carlo Papa (Chairman of PGS Consulenti) looked at the role and responsibility of the independent expert. Following a brief introduction on the origins and aims of this role, general and individual professional requirements were examined, together with a detailed analysis of relevant civil and criminal liability. Using summary charts and a description of the principles and guidelines to be followed, the activities required of the independent expert were described, with the help of some practical examples, in relation to truthfulness of data, feasibility of the plan and other specific assessments (such as the viability of the agreement and best deal for creditors).