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Also: EU’s 2016 Work Programme reflects Juncker mantra to limit the amount of legislation; and more...
Two court decisions, two conclusions...
The extent to which rules governing bankruptcy can be applied also to concordato preventivo.
Also: assets built on a state maritime property area; and more.
Criteria for determining economic loss confirmed.
Receiver can terminate pending contracts...
Secured creditors’ deferred payment amounts to a partial satisfaction...
Huawei, ZTE and a patent declared essential by telecoms institute.
Italian firms, not content with just servicing their homegrown clients, have decided to stake out new territory in China, London and New York.
Deal will trigger new market access for Europe’s hi-tech companies.
…but the road to completion will be long...
Lawmakers have introduced further measures in order to stimulate new loans after the pre-filing for concordato preventivo or for a debt restructuring agreement.
Creditors now being allowed to make competing concordato proposals means that the exclusive powers of the debtor are restricted.
Lawmakers made a few changes to the concordato rules with the foreseeable result of restricting significantly the access by debtors to the procedure.
No amendment to plan can now be made by debtor after voting.
Other party to contract must always be heard on petition filed by the debtor, and other changes.
Also: a unified European rail market – good luck with that; restrictions on freedom in Italy; and more.
…in the interests of a company.
A debtor can cram down an agreement to dissenting minority lenders.
New rules for the competitive bid process aimed at the sale of the debtor’s assets.