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Italian Financial Act: New insolvency rules for contractual AIFs
Italy's financial regulatory framework is undergoing significant reform — and the proposed changes to the Italian Financial Act raise questions the funds industry has been grappling with for years. What do the new insolvency-related measures mean for Italian funds in practice? And do they finally resolve the long-running debate over the legal status of contractual AIFs?
Alberto Claretta-Assandri, head of Italy Funds and Financial Regulatory at A&O Shearman, and Tommaso Paltrinieri, senior associate in the restructuring team, provide a clear overview of the proposed reform, its insolvency…
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