Italy: Insolvency/Bankruptcy/Re-Structuring

AlixPartners' 19th Turnaround & Transformation Survey reveals experts' concerns over companies using temporary debt extensions without addressing operational issues. Key risks include high capital costs, geopolitical instability, and rising distressed M&A activities.

Tra le novità introdotte dal nuovo Codice della Crisi e dell'Insolvenza (d. lgs. 12 gennaio 2019, n. 14 - testo coordinato).

The Court of Appeal has overturned the High Court's decision that interest rate swaps entered into between the appellant banks and an Italian local authority were void for lack of capacity...

In October 2024, a US court approved a restitution plan that aims to distribute between USD 14.7 billion and USD 16.5 billion to customers.

With order no. 15695 published on June 5, 2024, the Court of Cassation clarifies the qualifying elements of the purpose loan contract, thereby defining the characteristics of the institution.

Con ordinanza n. 15695 pubblicata in data 5 giugno 2024, la Corte di Cassazione chiarisce gli elementi qualificanti il contratto di mutuo di scopo, circoscrivendo...