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Italian firms, not content with just servicing their homegrown clients, have decided to stake out new territory in China, London and New York.
Lawmakers have introduced further measures in order to stimulate new loans after the pre-filing for concordato preventivo or for a debt restructuring agreement.
Also: a unified European rail market – good luck with that; restrictions on freedom in Italy; and more.
…in the interests of a company.
Proposal is intended to address enforcement issues.
The Italian government is trying to shake up the lending market by Law Decree No 91 of 24 June 2014 (Decreto Competitività).
A debtor in a concordato preventivo pre-filing regime can suspend but not terminate agreements pursuant to bankruptcy law
Can the Bankruptcy Court authorise the debtor to terminate credit facility agreements when the debtor submitted a pre-filing for concordato preventivo?
The subject of so-called ‘minibonds’ has become particularly topical, following the recent conversion into law of the decree law ‘Destinazione Italia’ at the end of February.