Regional news: Italy

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

Italian court appoints special administrator over bankrupt cryptocurrency exchange

An Italian court has appointed a special administrator over bankrupt cryptocurrency exchange platform BitGrail, following an application made by a Norwegian national representing thousands of the platform’s users, with advice from the law firm BonelliErede.

25 May 2018

Back to bailouts? Lawyers reflect on spate of European bank resolutions

Over the course of the past five weeks, the European Commission has approved resolution schemes for four troubled regional banks in Italy and Spain, authorising up to €22 billion of state aid. Lawyers tell GRR that this serves as a reminder that political pressures continue to define governments’ approaches to bank resolution.

11 July 2017

Alitalia seeks US recognition following JFK airport termination warnings

Troubled Italian airline Alitalia has filed for Chapter 15 protection in a New York bankruptcy court, citing a need to protect its aircraft and other assets in the US while it attempts to navigate a state-sponsored restructuring.

13 June 2017

Italy reaches “burden sharing” deal on Monte dei Paschi

The Italian government and European Commission have reached an agreement to allow the state recapitalisation of the world’s oldest bank, Monte dei Paschi di Siena, without breaching the strict bail-in requirements of the Bank Recovery and Resolution Directive.

02 June 2017

Dentons poaches DLA partner in Milan

Dentons has announced the hire of a new partner with restructuring and insolvency expertise in its Italian tax practice, a couple of months after it made three lateral hires in Germany.

25 May 2017

DLA Piper and EY to restructure Italian shipper

DLA Piper and Ernst & Young have stepped in to restructure one of Italy’s biggest shipping firms, with the company’s CEO putting its insolvency filing down to Italian accounting laws.

31 January 2017

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