Finance Minister Grant Robertson yesterday afternoon announced a number of proposed temporary changes to the Companies Act, with the stated purpose to help businesses facing insolvency due to COVID-19 remain viable.
The temporary changes include:
On July 30, 2010 the Italian Parliament passed Law 122/20101 which, among others, improved the restructuring proceedings governed by the Italian Bankruptcy Law2 (“IBL”).
The improvements operate on two fronts of restructuring deals which had proven to be still unclear (and thus risky) despite the recent reform:
Italy, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Shareholder, Debtor, Unsecured debt, Mortgage loan, Negligence, Capital punishment, Bridge loan, United States bankruptcy court