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    Super-priority claims for professional services related to restructuring plans and debt restructuring agreements?
    2018-05-02

    With two decisions (No. 1895/2018 and No. 1896/2018), both filed on 25 January 2018, the Court of Cassation reached opposite conclusions in the two different situations

    The case

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Bankruptcy, Debt restructuring, Italian Supreme Court of Cassation
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    De facto partnerships can be declared bankrupt even if partners are corporations
    2018-05-02

    The Constitutional Court (6 December 2017) confirmed that Art. 147, para. 5, of the Italian Bankruptcy Law does not violate the Constitution as long as it is interpreted in a broad sense

    The case

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Bankruptcy, Italian Supreme Court of Cassation
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Contracts remain in force in amministrazione straordinaria even after they are expired ?
    2018-05-02

    With the decision No. 1195 of 18 January 2018, the Court of Cassation ruled on the powers of the extraordinary commissioner to require performance of pending contracts and on the treatment of the relevant claims of the suppliers

    The case

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Italian Supreme Court of Cassation
    Authors:
    Fabio Marelli
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    When necessity is the mother of invention: new insolvency proceedings for consumers
    2018-05-11

    Introduction

    Filed under:
    Italy, Insolvency & Restructuring, Lombardi Segni e Associati, Bankruptcy, Debt restructuring
    Authors:
    PierDanilo Beltrami
    Location:
    Italy
    Firm:
    Lombardi Segni e Associati
    The liability of non-executive directors
    2017-11-13

    The case

    The receiver of a bankrupt joint-stock company sued its directors before the Court of Rome, in order to ascertain their liability, pursuant to Article 146 of Bankruptcy Law.

    More precisely, the bankruptcy was considered the result of a transaction particularly burdensome with respect to the company’s share capital and unjustified in relation to the economic value of the block of shares acquired.

    Filed under:
    Italy, Company & Commercial, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Board of directors, Non-executive director
    Authors:
    Laura Lombardini
    Location:
    Italy
    Firm:
    Nctm Studio Legale
    Spunti civilistici in tema di liquidazione dei FIA immobiliari
    2017-11-18

    Parte I: Liquidazione del fondo e responsabilità

    Quando si parla di liquidazione di un fondo di investimento alternativo (“FIA”) immobiliare ci si riferisce, in generale, al procedimento che porta all’estinzione di quel peculiare centro di imputazione di posizioni giuridiche soggettive che è il FIA stesso.

    Filed under:
    Italy, Capital Markets, Insolvency & Restructuring, Real Estate, DLA Piper
    Authors:
    Francesco Calabria
    Location:
    Italy
    Firm:
    DLA Piper
    Italy to revamp the system of legal priorities, and introduce non-possessory security
    2017-12-13

    Another step towards a lender-friendly environment, but the new form of pledge is being delayed

    The Italian Parliament passed law No. 155 of 19 October 2017 to delegate the Government to reform the rules on insolvency and financial distress. This has been commented widely in the press and between commentantors, as it is expected to bring about significant developments (we have previously reported here).

    Filed under:
    Italy, Banking, Insolvency & Restructuring, Litigation, Hogan Lovells
    Authors:
    Carlo Massini
    Location:
    Italy
    Firm:
    Hogan Lovells
    Liquidazione fondi immobiliari: prevenzione e mitigazione della responsabilità - V parte
    2017-12-21

    Nel quinto appuntamento con lo studio di Francesco Calabria sulla liquidazione dei fondi immobiliari, Francesco illustra gli strumenti di prevenzione e mitigazione delle responsabilità post liquidazione.

    Stabilite le modalità con le quali si intende dare attuazione al programma di liquidazione di un FIA, il secondo passaggio fondamentale da effettuarsi a cura della SGR riguarda l’individuazione di appropriati strumenti di prevenzione delle responsabilità patrimoniali che potranno emergere successivamente alla chiusura della procedura di liquidazione.

    Filed under:
    Italy, Insolvency & Restructuring, Real Estate, DLA Piper, Liquidation
    Authors:
    Francesco Calabria
    Location:
    Italy
    Firm:
    DLA Piper
    Liquidazione fondi immobiliari: Tipologie di fondi - IV parte
    2017-12-21

    Continua l’appuntamento con lo studio di Francesco Calabria sulla liquidazione dei fondi immobiliari. Nel quarto approfondimento, Francesco illustra il rapporto tra liquidazione e tipi di fondi.

    Filed under:
    Italy, Insolvency & Restructuring, Real Estate, DLA Piper
    Authors:
    Francesco Calabria
    Location:
    Italy
    Firm:
    DLA Piper
    Liquidazione fondi immobiliari: contenziosi - VI parte
    2017-12-21

    Nel sesto appuntamento sulla liquidazione dei fondi immobiliari, Francesco Calabria ci parla delle questioni che hanno generato contenziosi sull’argomento.

    Filed under:
    Italy, Insolvency & Restructuring, Real Estate, DLA Piper
    Authors:
    Francesco Calabria
    Location:
    Italy
    Firm:
    DLA Piper

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