In the present economic and market situation, unfortunately business distress happens frequently.
By providing a consolidated professional experience, the Liparota Law Firm is able to help distressed companies through an objective evaluation of their real situation in order to identify the most appropriate strategy and technical instrument in accordance to their specific needs, thus facing the crisis in a targeted and optimal way.
In the Italian legal system, recently a series of institutions have been introduced to overcome distress situations (turnaround), such as debt restructuring agreements (article 182 – bis L. fall (Italian Bankruptcy Law)), fiscal transaction (article 182-ter (third)), recovery plans (article 67, par. 3, d, l. fall), debt cancellation procedure (articles 142, 143 and 144 L. fall.), and the new composition with creditors procedure (article 160 l. fall) – that, if properly applied, makes it possible the survival of a company, thus avoiding the (otherwise inevitable) filing for bankruptcy.
In this area, the Liparota Law Firm provides for the following services: