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Italy's Emergency Budget's Provisions Facilitate Restructurings

June 01, 2010

By Bruno Cova, Antonio Azzarà and Paolo Manganelli

In the context of its €24 billion emergency budgetary measures aimed at addressing the current market turbulences, Italy has introduced a range of changes to the Bankruptcy Act that will have the effect of facilitating restructurings and providing investment opportunities in distressed situations.

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