Restructuring essentials: judicial liquidation and group companies in Italy

Episode 4: When a group of companies faces insolvency, legal complexity multiplies. Italian law has historically struggled to address group insolvencies in a coherent and coordinated way. The third amendment to the Italian Business Crisis and Insolvency Code changes that, and understanding the new framework is essential for anyone advising companies with group structures operating in Italy.  Here, our restructuring specialists examine the key changes the third amendment introduces to judicial liquidation, with a specific focus on the provisions governing group companies.   What new tools does the amended code provide for coordinating the insolvency of group entities? How does judicial liquidation now interact with the other restructuring procedures in the revised framework? And what are the practical implications for creditors, directors, and advisers when a group structure is involved?  Corporate lawyers, restructuring advisers, and in-house counsel working with Italian group structures will leave this episode with a clear read of the new rules and the immediate questions they raise for companies in, or approaching, financial difficulty.  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.