Insights
Client Alert
Italy's Emergency Budget's Provisions Facilitate Restructurings
June 01, 2010
Bruno Cova, Antonio Azzarà and Paolo Manganelli
In the context of its €24 billion emergency budgetary measures aimed at addressing the current market turbulences, Italy has introduced a range of changes to the Bankruptcy Act that will have the effect of facilitating restructurings and providing investment opportunities in distressed situations.