Italian lawmakers recently introduced new rules aimed at facilitating efficient solutions for distress management. Law decree no. 83 of June 22, 2012 (the "Decree")(1) made certain amendments to the Italian Bankruptcy Law(2) relating to the following restructuring options:
(1) in-court pre-bankruptcy agreements (concordati preventivi) ("In-Court Pre-Bankruptcy Agreements");
(2) in-court debt restructuring agreements under article 182-bis of the Italian Bankruptcy Law (accordi di ristrutturazione dei debiti)("In-Court Restructuring Agreements"); and
(3) out-of-court restructuring plans under article 67, para 3, of the Italian Bankruptcy Law (piani di risanamento) ("Out of court Restructuring Plans").
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