In March 2016, municipal court of Varese approved the protective act ""Concordato di continuità"" (English: sequence agreement), putting a moratorium on creditors' requirements for the period of a new investor search. MV Agusta from its side was obliged to reduce production from 9,000 motorcycles per year to 6,000-7,000, to reduce R&D costs from 15 million euros to 7 million, to reduce expenses for the racing division Reparto Corse from 4 million euros to 600 thousand. In addition MV had to fire at least 200 employees. This was followed in early April by reports that MV was negotiating the repurchase of AMG's 25% stake in the company and looking for a new major investor, whilst retaining the majority shareholding of the Castiglioni family. Even of greater concern, were reports that MV were not delivering any spare parts and that the factory might have ceased production. However, the final debt restructuring plan was approved by the court only in December 2017 when a new investor came.