YOUR
Search

    Restructuring and Insolvency

    Our team specialising in Bankruptcy, Corporate Crisis and Insolvency law has a long-standing experience in assisting in the different stages of negotiated and judicial restructuring, bankruptcy proceedings, distressed investments and special opportunities, working in contact with distressed companies, creditors, investors, banks, financial institutions, receivers and other third parties involved in crisis and insolvency situations. 

    In particular, our professionals provide assistance in the following areas: 

    • assessment of the legal effects of the state of crisis, in relation to the debtor undertaking and the holders of outstanding contractual relationships

    • identification and analysis of judicial or private-law tools for resolving the crisis, with the twin goals of preserving value and minimizing risk

    • analysis of the fiscal impact of the possible alternatives and development of the best strategy for debt and credit positions

    • preparation and negotiation of refinancing agreements and interbank agreements

    • implementation of financial stabilisation operations, recapitalisation operations and debt-for-equity swaps

    • assistance in procedures for divestment of business complexes, corporate reorganisation and industrial turnaround projects

    • assistance with the preparation, negotiation and approval of recovery plans

    • assistance in tax arrangements and tax settlements, negotiated crisis settlements, debt restructuring agreements, arrangements in court liquidation, other bankruptcy procedures 

    • legal due diligence for assessment of investment risks, estimation of recovery time and handling of any litigation issues

    • preparation and negotiation of contracts, purchase offers or arrangement proposals

    • valuation and management of NPLs and bankruptcy loans

    • distressed debt (for trading and for possible restructuring & turnaround transactions)

    • handling of litigation in the above matters at both pre-litigation and litigation stages 

    What others say about us

    The team is ranked in Chambers Europe, Legal 500, Leaders League and IFLR 1000 2024

    ADVANT Nctm is a well-regarded firm whose restructuring team often acts for clients on in-court debt restructuring processes. The team's activity extends to distressed asset investment. The law firm has strong expertise in debtor-side work, in addition to significant experience in the real estate sector.” (Chambers and Partners)

    Latest News

    Third amendment to the crisis code: main changes
    By Fabio Marelli
    Read more
    ADVANT Nctm strengthens its Restructuring and Insolvency department with the entry of partner Juri Bettinelli
    ADVANT Nctm is pleased to announce the entry of new partner Juri Bettinelli, who will strengthen its Restructuring and Insolvency department. Juri Bettinelli comes from the firm of Allen & Overy, where …
    Read more
    The new Italian Insolvency Code entered into force on 15 July 2022
    The new Italian Insolvency Code (hereinafter "CCII" or "Code") has entered into force on 15 July 2022, with the latest amendments introduced by Legislative Decree No. 83 of 17 June 2022, which  has transpo…
    Read more
    The new Italian Insolvency Code enters into force with further amendments, in im-plementation of the Directive (EU) No. 2019/1023 (legislative decree No. 83/2022)
    The new Insolvency Code ("CCII" or "Code") will come into force on 15 July 2022. Legislative Decree 17 June 2022, No. 83 (“Legislative Decree”) implements the EU Directive and introduces several significan…
    Read more
    Negotiated composition with creditors and simplified concordato (law-decree No. 118/2021): a «counter-reform» ?
    Negotiated composition with creditors and simplified concordato (law-decree No. 118/2021): a «counter-reform» ?   Si tratta quindi di nuovi strumenti che (insieme a misure premiali relative ai debiti…
    Read more
    RESTRUCTURING & TURNAROUND | Law Decree No. 23/2020 – emergency provisions in insolvency
    Law Decree No. 23 of 8 April 2020 (the "Decree") sets some emergency provisions regarding insolvency procedures, among others. In a nutshell, these concern: 1. entry into force of the new Insolvency Cod…
    Read more
    «Concordato preventivo» in the new Italian Insolvency Code («CCI» or «Code»)
    The new Code (which will enter into force on 14 August 2020) provides some significant changes in the provisions related to the «concordato preventivo» procedure (namely, the composition with creditors), w…
    Read more
    The new Italian Insolvency Code ("CCI")
    Introduction The Legislative Decree No. 14/2019 is divided into four parts, the most important of which is the first containing the new CCI composed of 390 articles: the second part includes a few amendme…
    Read more
    Declaration of bankruptcy without prior termination of an unfulfilled concordato preventivo
    The Tribunal of Arezzo (3 May 2018) followed on the precedents of the Court of Cassation (11 December 2017, No. 29632 and 17 July 2017, No. 17703) and confirmed that creditors which were not paid under a c…
    Read more