Italian Financial Act: New insolvency rules for contractual AIFs

Italy's financial regulatory framework is undergoing significant reform — and the proposed changes to the Italian Financial Act raise questions the funds industry has been grappling with for years. What do the new insolvency-related measures mean for Italian funds in practice? And do they finally resolve the long-running debate over the legal status of contractual AIFs?  Alberto Claretta-Assandri, head of Italy Funds and Financial Regulatory at A&O Shearman, and Tommaso Paltrinieri, senior associate in the restructuring team, provide a clear overview of the proposed reform, its insolvency implications for Italian funds, and what it means for the question of their legal personality.  Listeners with exposure to Italian fund structures will come away with a sharper understanding of how the proposed reforms could reshape insolvency risk and legal status for contractual AIFs.  Please note: this episode is conducted in Italian.