In 2012 a reform of the Italian law of limited liability company was adopted. The main feature of this reform consists in introduction of two new sub-models of limited liability company with a minimum share capital of €1, but also some other original features, presented by the author in the first part of the paper, are of relevance. Following this, an analysisof the mechanisms of creditors' protection under the existing legislation is outlined, with no new rules on this point being introduced. In particular, the provisions on capital maintenance, directors' duties and company financing are considered. The result of this analysis highlights the burdensome nature of those two new sub-models and the inadequacy of the tools availableto their creditors.