Jul

Debt restructuring and powers of the court hearing the case.

The Court of Reggio Emilia with a decision of July 5, 2016 to pronounce on the correct interpretation of the content of law No. 3 of 2012 on debt restructuring.
More in particular, in assessing the criteria and conditions for the debt restructuring plan, keep in mind the art. 12 of the preliminary provisions. This would enable the Court indeed would lead to an obligation for the latter to withdraw the decree and reject the application for approval of the agreement once you have identified the performance of acts in fraud of creditors or even just the presence of an initiative in this regard.

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