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Concordato preventivo con continuita’ aziendale. Le diverse interpretazioni della giurisprudenza in materia di contratti pubblici.

L’istituto del concordato preventivo con continuità aziendale (art. 186-bis della legge fallimentare) e il suo impatto sul quadro normativo dei contratti pubblici (sul punto cfr. “Concordato preventivo con continuità aziendale nei contratti pubblici”, giugno 2013, in www.nctm.it/wp-content/uploads/2013/11/CPCP) hanno dato origine ad applicazioni di giurisprudenza contrastanti, che portano allo stato attuale ad identificare per esso diverse modalità applicative.

Italy, Insolvency & Restructuring, Litigation, Projects & Procurement, Nctm Studio Legale
Concordato preventivo in continuità aziendale: l'ambito di applicazione della disciplina specifica (artt. 186-bis e 182-quinquies l.fall.)

a) Continuità diretta e indiretta

Nella precedente esperienza applicativa del concordato, la conservazione dei complessi aziendali in esercizio assai di rado avveniva in capo allo stesso imprenditore, quanto piuttosto solo in via “indiretta”, attraverso la formale cessione ad un soggetto terzo, procedendo, prima del deposito della domanda di ammissione al concordato, alla concessione in affitto al fine di preservarne l'operatività.

Italy, Employment & Labor, Insolvency & Restructuring, Nctm Studio Legale
“Concordato preventivo con continuita’ aziendale” and public contracts

The procedure of composition with creditors aimed at business continuity (“concordato preventivo con continuità aziendale”, provided by art. 186-bis of the Bankruptcy Law) has a major impact on the rules governing public contracts, above all with reference to the requirements requested both for the participation of economic operators in the public tender procedures and for their capacity to enter into agreements with public entities.

Italy, Insolvency & Restructuring, Projects & Procurement, Nctm Studio Legale, Business continuity
Liquidators and unsecured creditors beware: interim distribution of employee entitlements may mean later preference recoveries belong to a secured creditor

The recent decision of the Federal Court in Carter in the matter of Damilock Pty Ltd (Damilock) highlights the need for liquidators to review current practices when paying priority creditors (e.g. employee entitlements).

Facts

The plaintiffs were appointed as administrators of Damilock on 26 June 2007 and subsequently appointed as liquidators by creditors’ resolution at a meeting on 7 September 2007.

Australia, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Cooper Grace Ward, Unsecured debt, Secured creditor, Liquidator (law), Corporations Act 2001 (Australia)
PPS leases - how the PPSA applies to your internal business structure

The PPSA (Personal Property Securities Act) will celebrate its first birthday on 30 January 2013.

The PPSA introduced fundamental changes for business structuring arrangements. Assets that are subject to non-arms’ length lease or hire arrangements can be at risk if the entity that has possession of the property under the lease or hire agreement is placed in liquidation or receivership.

What is a PPS lease?

A ‘PPS lease’ is the lease or hire of property for a period (including options):

Australia, Company & Commercial, Insolvency & Restructuring, Cooper Grace Ward, Personal property, Unsecured creditor