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Amendments to Italian Bankruptcy Law

CMS AACS Alert 29/08/2012

29/08/2012

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.

Publication
Modifiche apportate al testo della Legge Fallimentare. Le novità (Agosto 2012) sono indicate in grassetto.
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Authors

Portrait ofPaolo Bonolis
Paolo Bonolis
Partner
Rome
Portrait ofMauro Battistella
Mauro Battistella
Partner
Milan