Restructuring essentials: Concordato preventivo under Italy's new insolvency code

Episode 3: Concordato preventivo is one of Italy's most widely used restructuring tools. Its ability to allow a company to propose a reorganization plan while protected from creditor action has made it a cornerstone of Italian insolvency practice.   The third amendment to the Italian Business Crisis and Insolvency Code introduces significant changes to how concordato preventivo operates, with implications for how it will be used, when it is available, and what it demands of debtors and their advisers.  In this episode, we examine the key changes to concordato preventivo under the amended code. What has changed in the conditions for access to the procedure? And what do the revised rules mean for the strategic choices available to companies seeking to restructure their obligations in Italy?  Restructuring lawyers, financial advisers, and corporate directors managing companies under financial pressure in Italy will leave this episode with the practical detail needed to assess whether concordato preventivo remains the right tool under the new framework.  Note: This episode is recorded in Italian.  Restructuring Essentials provides detailed commentary from A&O Shearman's restructuring specialists on the key changes introduced by the third amendment to the Italian Business Crisis and Insolvency Code. Each episode examines a specific restructuring mechanism and its practical implications for companies operating in Italy.