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Restructuring essentials: Concordato preventivo under Italy's new insolvency code
Episode 3: Concordato preventivo is one of Italy's most widely used restructuring tools. Its ability to allow a company to propose a reorganization plan while protected from creditor action has made it a cornerstone of Italian insolvency practice.
The third amendment to the Italian Business Crisis and Insolvency Code introduces significant changes to how concordato preventivo operates, with implications for how it will be used, when it is available, and what it demands of debtors and their advisers.
In this episode, we examine the key changes to concordato preventivo under the amended code…
The skinny
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