Restructuring & Insolvency

We assist Italian and international distressed companies, investors and creditors in connection with debt restructuring, turnaround operations, debtor-in-possession financing and insolvency proceedings, offering our clients professional and goal-oriented advice to safeguard and increase value.


We support our distressed clients with regard to diagnosis, turnaround strategy, selection and implementation of the most suitable restructuring tool (both out-of-court and in-court), coordination and negotiation with restructuring players (creditors, financial or industrial partners, courts and other public authorities, experts, commissioners and receivers), financial restructuring, and litigation management.


We have extensive experience in advising investment and restructuring funds and other investors in distressed scenarios and so-called special situations, supporting them in seizing investment and/or financing opportunities, including through the implementation of loan-to-own strategies.

We closely follow new developments in legislation and legal practice, optimizing innovative tools and restructuring best practices.


Our goal is to work alongside and support our clients in situations of great complexity and uncertainty, offering expertise and tailored solutions to cope with and overcome distressed scenarios or to seize investment opportunities.

2025

MeglioQuesto

Assistance to MeglioQuesto on all legal aspects related to the transfer of control of MeglioQuesto Human to OM Group, a leading company in the design, development and management of sales and commercial networks for financial institutions

RASSEGNA STAMPA
2025

Confidential client

A player in the mobility industry in a group (LBO vehicle and operating target) negotiated crisis resolution (composizione negoziata) with a turnaround plan including DIP new finance, capital increase subscribed by either old shareholders or third-party investors and debt-equity swap

2025

Confidential client

A manufacturer of high quality made-in-Italy components for industrial vehicles in negotiated crisis resolution (composizione negoziata) with a turnaround plan including a bank debt restructuring and a capital increase subscribed by either old shareholders or third-party investors

2025

Confidential client

A manufacturer of high quality made-in-Italy components for industrial vehicles in negotiated crisis resolution (composizione negoziata) with a turnaround plan including a bank debt restructuring and a capital increase subscribed by either old shareholders or third-party investors

2025

Confidential client

Advised a listed Italian leader in customer experience and its seven subsidiaries in a group debt restructuring through a negotiated crisis resolution (composizione negoziata), involving DIP financing, business transfer to a newco, debt-equity swap, and capital increase by third-party investors

2025

Confidential client

Acted as expert appointed by the Chamber of Commerce of Milan in the negotiated crisis resolution (composizione negoziata) of a engineering company with the execution of a debt restructuring agreement with the main creditors under the Italian Crisis Code

2025

Confidential client

A real estate developer in the restructuring of its debt towards banks also through the intervention of a third-party investor and a settlement of certain contested claims

2025

Confidential client

An oil and gas company in a debt restructuring agreement pursuant to the Italian Crisis Code, including a settlement agreement with the Italian Tax Authority, confirmed by the Court

2025

Confidential client

An international group of companies in the recognition of a US Chapter 11 in Italy

2025

Confidential client

A minority shareholder in the sale of its stake in a distressed company in performance of a debt restructuring agreement involving cross-border issues

2025

Confidential client

A Dutch OEM of roof systems and integrated technologies in the automotive industry in handling a San Marino supplier’s insolvency and in exercising set-off and termination rights in connection with executory contracts

2024

Confidential client

A player in the mobility industry in a group (LBO vehicle and operating target) negotiated crisis resolution (composizione negoziata) with a turnaround plan including DIP new finance, capital increase and debt-equity swap

2023

Confidential client

Acted as expert appointed by the Chamber of Commerce of Milan in the negotiated crisis resolution (composizione negoziata) of a real estate company with the successful execution of a restructuring agreement under the Italian Crisis Code

2023

Confidential client

Owner of several real estate properties in Italy, in the agreement with financial creditors under a certified recovery plan (piano attestato di risanamento) pursuant to the Italian Crisis Code

2023

Confidential client

Acted as expert appointed by the Chamber of Commerce of Milan in the negotiated crisis resolution (composizione negoziata) of the manufacturer of components for industrial plants leading to the successful execution of an agreement pursuant to the Italian Crisis Code

2023

Confidential client

A Japanese group in its financial support to a distressed major business partner – active in the construction of long rolling mills components and machineries – in the context of a negotiated crisis resolution (composizione negoziata)

2022

Confidential client

An Italian financial holding company and its subsidiaries in a restructuring agreement with financial creditors under a recovery plan providing for the disposal of non-core assets and complex waterfall arrangements

2022

Confidential client

A listed international bio-tech company in the competitive procedure for the acquisition of the business units of Bio-on and Bio-on Plants, awarded by the Bankruptcy Court of Bologna

2022

Confidential client

A real estate asset management company in connection with liability and clawback actions brought by its extraordinary commissioners

2021

Confidential client

An Italian company operating in the textile and fashion sector, in the in-court settlement with creditors (concordato preventivo) validated by the Bankruptcy Court of Milan, providing for a take-over of the company’s assets and restructured liabilities by contractor (assuntore) Supernova

2021

Confidential client

A leading international fashion group in Chapter 11 proceedings, in connection with a settlement agreement regarding guarantees governed by Italian law issued by UniCredit, related to letters of credit issued by JP Morgan Chase Bank

2021

Confidential client

Assisted a private equity-backed company in the acquisition of a business unit from Futura Robotica, in the context of the latter’s in-court settlement with creditors (concordato preventivo) validated by the Bankruptcy Court of Piacenza

2020

Confidential client

Advised a financial institution in the potential resale of its equity interests in two foreign subsidiaries of a food industry group, in the context of the in-court settlement proceedings (concordati preventivi) involving the parent companies before the Court of Reggio Emilia

2020

Confidential client

Advised a fashion and apparel company in the early termination of its in-court composition with creditors (concordato preventivo) in going concern, approved by the Court of Arezzo, and in the negotiation of a settlement with a supervening creditor holding a significant secured claim

2020

Confidential client

The statutory auditors of a bankrupt company in connection with a liability action brought by the trustee of the bankruptcy procedure against all the directors and the auditors

2019

Confidential client

A pool of Caribbean lenders who financed the construction of the hospital of Saint Martin, in connection with the extraordinary administration of Italian contractor INSO Sistemi per le Infrastrutture Sociali.

2018

Confidential client

A Bank of the Republic of San Marino in the early termination of the debt restructuring agreement with approximately 90 Italian banks and the subsidiaries of Delta.

2018

Confidential client

Advised a group of investors in the acquisition of the business and production plant of a well-known Italian confectionery company, as part of its bankruptcy proceedings before the Court of Verona

2015

Confidential client

Advised a recreational vehicle manufacturer in its in-court composition with creditors (concordato preventivo) in going concern, validated by the Court of Siena and including the sale of the business to an industrial player in the sector

2015

Confidential client

Advised a multinational company in the automotive sector in relation to the continuity of supply from a distressed supplier and the provision of bridge financing to support the production chain