Introduction
India, Company & Commercial, Insolvency & Restructuring, Litigation, Khaitan & Co, Coronavirus, Insolvency, National Company Law Tribunal
In a significant judgment dated 9 June 2020 titled ‘Indus Biotech Private Limited v.
India, Arbitration & ADR, Insolvency & Restructuring, Litigation, Khaitan & Co, Private equity, Title 11 of the US Code
Proposed changes in Italian law mean that it should become easier to create certain types of security in Italy and to recover debt. The relevant law is Decree-law no. 59/2016 (“Urgent provisions on insolvency and executive procedures’’) which came into force on 4 May 2016 and which should be converted into binding law by early July.
The main changes introduced by the Decree are as follows:
Italy, Banking, Insolvency & Restructuring, King & Wood Mallesons, Debtor, Debt, Personal property, Default (finance), Secured loan