TheItalian Law no. 134 dated 3 August 2012 (conversion law of the Decreto Sviluppo issued on 22 June 2012 – the “Law”) has amended Italian Bankruptcy Law by introducing several rules aimed at simplifying the access to alternative procedures to bankruptcy (“fallimento”).
The Law sets forth new provisions concerning the Court-driven composition with creditors procedure (“concordato preventivo”), the restructuring agreements (“accordi di ristrutturazione”) and the restructuring plans (“piani di risanamento”), respectively provided for under articles 160, 182-bis and 67, paragraph 3 and letter (d), of Italian Insolvency Law.
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Modifiche apportate al testo della Legge Fallimentare. Le novità (Agosto 2012) sono indicate in grassetto.
