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Debt Restructuring Italy

International Lawyers Network

Bankruptcy, Insolvency & Restructuring Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

International Lawyers Network

Bankruptcy, Insolvency & Restructuring Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

Orrick, Herrington & Sutcliffe LLP

La sentenza del Tribunale UE che ha annullato il provvedimento di amministrazione straordinaria nei confronti di Banca Carige.

Il presente focus si propone di analizzare la recente sentenza del 12 ottobre 2022 con la quale il Tribunale UE ha annullato il provvedimento mediante cui la BCE aveva avviato la procedura di amministrazione straordinaria nei...more

White & Case LLP

The Insolvency Code: perfect timing for a new legal framework for distressed companies

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On 12 January 2019, the Italian Government enacted Legislative Decree No. 14 (so called "business crisis and insolvency code (codice della crisi d’impresa e dell’insolvenza)", which entered into force on 15 July 2022 (the...more

Hogan Lovells

The new Italian Insolvency Code: a predicted revolution

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The most innovative features of the new Insolvency Code include, among others: (i) the introduction of safeguard obligations aimed at detecting corporate distress and promoting the adoption of restructuring tools at an early...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

A&O Shearman

The negotiated composition: a new restructuring tool for Italian entrepreneurs

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As of 15 November 2021, a brand-new tool allows Italian entrepreneurs to cope at an early stage with critical situations that are likely to turn into insolvency, with the support of an expert (the Expert) who acts as a...more

Hogan Lovells

Negotiated settlements: New opportunities for Italian distressed businesses?

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The conversion into statute on 23 October 2021 of the so-called Business Distress Bill adds new provisions to those recently adopted by the Italian government to address corporate distress following the COVID-19 pandemic, to...more

Jones Day

The Italian Insolvency Code—A Work in Progress: Timing and News

Jones Day on

The Italian government has postponed again the entry into force of Legislative Decree No. 14 dated 12 January 2019 (the "Insolvency Code"), taking into account the COVID-19 impact on the socio-economic scenario and the...more

Orrick, Herrington & Sutcliffe LLP

Nuove misure in materia di crisi d'impresa

L’emergenza Covid 19 ha indotto il Governo a prorogare l’entrata in vigore della maggior parte dei contenuti del Codice della crisi e dell’insolvenza introdotto dal Dlgs. 14 del 2019 (il “Codice”) e a fornire alle imprese una...more

Orrick, Herrington & Sutcliffe LLP

Disposizioni integrative e correttive al Codice della Crisi d'Impresa e dell'Insolvenza'

In data 18 ottobre 2020 il Consiglio dei Ministri ha approvato, in esame definitivo, un decreto legislativo (in fase di pubblicazione) (il “Decreto Correttivo”) che introduce disposizioni integrative e correttive al Codice...more

Jones Day

Directors' Duties—An Italian Overview: Tough Decisions Amid COVID-19 Emergency Legislation

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Italian COVID-19 legislation, with the aim of keeping companies alive by providing them with a short-term alternative to dissolution, provides for the suspension of (i) certain directors' obligations triggered by substantial...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/insolvency/rehabilitation proceedings in Italy and their main characteristics. The current...more

Jones Day

The Reform of Italian Insolvency Law: A New Preventive Restructuring Framework

Jones Day on

Italy recently enacted a new insolvency code (the "New Insolvency Code"), which takes effect August 14, 2020. The New Insolvency Code sets up, inter alia, (i) a new preemptive restructuring framework; (ii) new rules...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Italy

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ITALIAN LAW - 1. Presentation of the judicial liquidation/ insolvency/ rehabilitation proceedings in Italy and their main characteristics. The...more

Latham & Watkins LLP

The Italian Insolvency Code: New Rules on ‘Debtor-in-Possession’ Financing

Latham & Watkins LLP on

The Insolvency Code contains a “debtor-in-possession” financing regulation that reforms the legal framework outlined in the Bankruptcy Law in force until August 2020. Key Points: ..The newly enacted Insolvency Code...more

Latham & Watkins LLP

The Italian Insolvency Code: New Tools for Managing a Crisis

Latham & Watkins LLP on

The Insolvency Code represents a comprehensive reform of the Italian legal framework of business crisis and insolvency. Key Points: ..The “alert procedure” (procedura di allerta) offers out-of-court and confidential...more

Jones Day

International Legislative Update: Italian Bankruptcy Reforms

Jones Day on

On January 10, 2019, the Italian government approved the Code for Distress and Insolvency (Codice della Crisi d’Impresa e dell’Insolvenza—the "CDI") as part of Legislative Decree No. 14 of 2019, to replace the Italian...more

Orrick, Herrington & Sutcliffe LLP

Codice della crisi d'impresa e dell'insolvenza: nuovi obblighi di controllo per le S.r.l.

A partire dal 16 marzo 2019 sono entrate in vigore alcune tra le disposizioni più rilevanti del Decreto Legislativo N. 14/2019, recente il nuovo "Codice della crisi d'impresa e dell'insolvenza" (di seguito, il...more

Orrick, Herrington & Sutcliffe LLP

Reform of Insolvency Legislation is Approved

On 11 January 2019, the Council of Ministers approved the text of the legislative decree containing the new code of corporate distress and insolvency (the “Insolvency Code”). The new code was adopted to implement Law 155 of...more

White & Case LLP

Restructuring across Europe – a new era?

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All three institutions of the European Union have now approved the EU Preventive Restructuring Framework Directive. This is the EU's first attempt to "harmonise" insolvency laws across the Member States, that have disparate...more

Orrick, Herrington & Sutcliffe LLP

Codice della crisi di impresa e dell insolvenza

Il Governo ha recentemente approvato, in esame definitivo, il testo del Decreto Legislativo che introduce il nuovo "Codice della crisi d'impresa e dell'insolvenza" (di seguito, il "Codice"), in attuazione della Legge 19...more

Latham & Watkins LLP

Garanzie upstream e bancarotta fraudolenta, uno sguardo sistematico

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Il rilascio di garanzie upstream: quando rileva penalmente, secondo le differenti tesi interpretative del reato di bancarotta. Il caso - Nel caso preso in esame dalla sentenza in commento, una società (Beta) aveva...more

Hogan Lovells

Business Restructuring and Insolvency in Italy – a revolution in the making?

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Nearly a year ago, the Italian Parliament passed Law 155/2017 giving the Government twelve months to adopt a root and branch reform of the rules governing business distress and insolvency procedures, taking into account...more

Eversheds Sutherland (US) LLP

The Italian Insolvency Law Reform Project

By the Law 155/2017, that became effective on November 14, 2017, the Italian Parliament required the Government to adopt, within the next 12 months, a comprehensive and organic reform of insolvency proceedings and rules...more

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