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    Bancarotta preferenziale e legittimazione del curatore fallimentare alle azioni di risarcimento dei danni: le Sezioni Unite fanno chiarezza
    2017-02-22

    Bancarotta

    preferenziale e

    legittimazione del

    curatore fallimentare

    alle azioni di

    risarcimento dei

    danni: le Sezioni

    Unite fanno chiarezza

    Orsola Galasso

    Nota a sentenza

    Nota a sentenza

    2

    Le Sezioni Unite riconoscono al curatore fallimentare legittimazione unitaria

    attiva ad agire, sia in sede civile che in sede penale, con qualsiasi azione di

    responsabilità nei confronti degli amministratori di qualsivoglia società, anche

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, De Berti Jacchia Franchini Forlani Studio Legale
    Location:
    Italy
    Firm:
    De Berti Jacchia Franchini Forlani Studio Legale
    Riforma della crisi d’impresa e dell’insolvenza: la Camera approva il DDL delega. La parola passa al Senato
    2017-03-29

    Riforma della crisi d’impresa e dell’insolvenza: la Camera approva il DDL delega. La parola passa al Senato

    Orsola Galasso

    2

    Lo scorso 1 febbraio la Camera dei Deputati ha approvato, a larga maggioranza, il disegno di legge n. 3671 bis recante “Delega al Governo per la riforma organica delle discipline della crisi d’impresa e dell’insolvenza” (DDL), elaborato sullo schema predisposto dalla commissione istituita nel febbraio 2015 dal Ministro della Giustizia Orlando e nota come Commissione Rordorf.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, De Berti Jacchia Franchini Forlani Studio Legale
    Location:
    Italy
    Firm:
    De Berti Jacchia Franchini Forlani Studio Legale
    Does a concordato proposal need to assign all future earnings to the creditors ?
    2017-03-30

    The Court of Florence (November 2, 2016) confirmed that the debtor can retain part of his assets, with a view to support the company’s recovery and in derogation to principles of liability of the debtor.

    The case

    A company applied for concordato preventivo, based on a plan providing for, on one side, the sale of those assets not functional to the business and, on the other side, the company to continue to trade retaining those other assets which were needed for the activities to be carried on.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Debtor, Liquidation
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Cram down pursuant to Art. 182-septies of the Italian Bankruptcy Law, if the agreement is more convenient for the bank than bankruptcy liquidation
    2017-03-30

    A ruling of the Court of Padua of 31 December 2016 is compared with few other known Court decisions regarding the extension of the effects of a debt restructuring agreement to dissenting financial creditors

    The case

    Two companies having an indebtedness mainly towards banks and leasing companies, jointly submitted to the Court a request for confirmation of a debt restructuring agreement providing for a two-year moratorium of payment of principal and a restructuring of interests.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Debtor, Liquidation, Debt restructuring
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    NPL - Verso un mercato più trasparente grazie all’introduzione del Registro Elettronico delle Procedure
    2017-04-20

    I cd. NPL (non performing loans, letteralmente mutui non performanti) sono, sostanzialmente, crediti per i quali la riscossione è incerta, sia dal punto di vista del rispetto della scadenza originaria che per quanto riguarda l’ammontare del possibile recupero; essi sono anche detti, nel linguaggio bancario, crediti deteriorati.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Real Estate, DLA Piper
    Authors:
    Raffaele Buono
    Location:
    Italy
    Firm:
    DLA Piper
    Italy Significantly Implements Floating Charge and Repossession Agreements and Amends Credit Recovery Proceedings
    2016-11-11

    Italy's latest law reforms continue with creditor-friendly amendments to support the local banking sector while providing confidence to investors.

    Decree Law No. 59/2016 (the so-called "Banks Decree," hereinafter the Decree) was published in the Official Gazette (the Decree was later amended and converted into law by Law No. 119/2016) and has recently entered into force.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Latham & Watkins LLP
    Location:
    Italy
    Firm:
    Latham & Watkins LLP
    Changes to Italian Banking Law Promotes Creditor-Friendly Bankruptcy and Restructuring
    2016-11-27

    The so called “Banks Decree” Decree (Law Decree no. 59/2016, hereinafter the “Decree”), published on the Official Gazette and converted into Law no. 199/2016, has recently entered into force.

    The main purpose of the Decree is to grant a partial reimbursement to investors of few local banks that were resolved in November 2015. However, the Decree has also introduced additional innovations which represent a further significant step in the Government’s effort of streamlining the credit recovery activities and implementing a more creditor-friendly environment.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Latham & Watkins LLP
    Authors:
    Andrea Novarese , Marcello Bragliani , Antonio Distefano , Davide Rallo
    Location:
    Italy
    Firm:
    Latham & Watkins LLP
    New provisions introduced by Law Decree No. 59 of 2016
    2016-05-06

    On May 4th, 2016, Law Decree no. 59/2016 entered into force with the name “Urgent provisions regarding enforcement and bankruptcy proceedings, as well as measures in favor of the investors of banks in liquidation”. Such decree introduced a variety of modifications aimed at facilitating and speeding up the debt recovery.

    The two aspects with the higher impact concern the provisions regarding the seizure and the ones about the immediate enforceability of the orders of payment.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, CMS Italy
    Authors:
    Paola Ghezzi , Massimo Alpigiani
    Location:
    Italy
    Firm:
    CMS Italy
    New Italian measures aimed at supporting businesses and accelerating credit recovery procedures - Law Decree 59/2016 dated 3 May 2016
    2016-05-10

    A law decree providing for urgent measures on guarantees, foreclosure and insolvency proceedings and aiming at restoring damages suffered by investors of banks under liquidation, was published on the Italian Official Gazette n. 59 on 3 May 2016 (the Decree). The Decree must be converted into law by the Italian Parliament by 2 July 2016 (i.e. within 60 days from the date of its publication) to become fully effective.

    “Pegno mobiliare non possessorio”, an Italian floating security interest

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Freshfields Bruckhaus Deringer, Bankruptcy, Debtor, Foreclosure, Liquidation, Default (finance)
    Location:
    Italy
    Firm:
    Freshfields Bruckhaus Deringer
    Italian Government Enacts Further Measures to Boost Italian Lending Market
    2016-05-11

    During the last two years, the Italian government has focused on reforming the Italian lending market, with the aim of boosting access to financing for Italian businesses and improving bankruptcy and enforcement proceedings in Italy. As part of this reform process, the Italian Council of Ministers enacted Decree No.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Jones Day, Debtor
    Authors:
    Francesco Squerzoni , Marco Frattini
    Location:
    Italy
    Firm:
    Jones Day

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