Regional news: Italy
AlixPartners strengthens globally
AlixPartners has announced seven promotions across its restructuring group in the US and Europe, and hired McKinsey & Co partner Karsten Lafrenz in Germany.
14 January 2021
Nortel’s Irish and Italian arms to end administrations
Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.
30 November 2020
Business rescue not available for foreign companies in South Africa
An Italian construction company has failed to open business rescue proceedings in South Africa, after an appellate court found the process was not open to foreign companies, while also refusing to recognise its Italian restructuring.
23 November 2020
Latham & Watkins announces January promotions
Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.
30 October 2020
Insolvent solar investor fails in claim against Italy
An arbitration tribunal has rejected an insolvent solar investor’s claim against Italy, finding that reforms to the country’s renewable energy regime were not irrational or arbitrary.
10 September 2020
Kirkland advising as Travelodge launches CVA following “ground-breaking” injunction
The UK’s largest independent hotel brand Travelodge has launched a company voluntary arrangement to reduce its rent bills, with Deloitte partners Ian Wormleighton and Dan Butters appointed as nominees.
09 June 2020
PwC Italy hires new associate partner
Updated: PwC TLS Italy’s restructuring and insolvency department has hired lawyer Ilaria Zingali as a new associate partner in Milan.
12 March 2020
Lecta scheme sanctioned in London
The High Court of Justice in London has sanctioned a scheme of arrangement for global paper manufacturer Lecta, after creditors voted overwhelmingly in favour of the plans last week.
28 January 2020
ABI International, Paris: “Why can’t we all just get along?”
The UNCITRAL model law on recognition of insolvency-related judgments could “fix” the impact caused by the decisions in Rubin and Gibbs if enacted in the UK, panellists at the ABI’s international conference in Paris have said.
21 November 2019
US court appoints receiver over alleged blockchain fraud
The US Securities and Exchange Commission has successfully petitioned a Los Angeles court to appoint a receiver over a blockchain platform engulfed in an alleged US$21 million investment fraud.
31 May 2018
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