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    Alitalia insolvency: second round
    2017-05-31

    By a decree of the Italian Ministry of Economic Development (MISE) on 2 May 2017 the extraordinary administration procedure set forth by legislative decree No. 347/2003 (“Legge Marzano”) was started for Alitalia Società Aerea Italiana S.p.A., which has also been declared insolvent by the Court of Civitavecchia on 11 May 2017

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Bankruptcy
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Alitalia: amministrazione straordinaria secondo round
    2017-05-31

    Con decreto del Ministero dello Sviluppo Economico (MISE) del 2 maggio 2017 è stata disposta la procedura di amministrazione straordinaria di Alitalia Società Aerea Italiana S.p.A. ai sensi del d.l. n. 347/2003 (c.d. legge Marzano) e con sentenza del Tribunale di Civitavecchia dell’11 maggio 2017 è stato dichiarato lo stato di insolvenza

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Il Tribunale può inserire in sede di omologazione clausole modificative della proposta di concordato?
    2017-05-31

    La Cassazione 3 aprile 2017, n. 8632 ha stabilito che il decreto di omologazione può essere reclamato, anche in assenza di opposizioni, in relazione ad addizioni estranee alla proposta introdotte d’imperio dal Tribunale, che non rappresentino semplici formule organizzative della fase di esecuzione del concordato

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Is the bank liable for damages suffered by the insolvent company following directors’ reckless resort to credit lines ?
    2017-05-31

    The decision of the Supreme Court of 20 April 2017, No. 9983 confirms that the bank can be held jointly liable with the directors towards the company, on different grounds from those making the bank accountable to individual creditors

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Bankruptcy, Line of credit
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    The insolvency procedures of Banca Popolare di Vicenza and of Veneto Banca
    2017-08-03

    On 27 July 2017 Law-Decree No. 99 of 25 June 2017 has been converted into law, which established special rules applicable to the «liquidazione coatta amministrativa»procedure, as well as the sale of the banking business units including assets and liabilities of the two banks, with the financial support by the Italian State. Nctm assisted Bank of Italy, the Ministry of Economy and the Liquidation Commissioners in the sale to Banca Intesa.

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Nctm Studio Legale
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm 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
    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

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