Insolvency and Restructuring
Chiomenti has deep and consolidated experience in restructuring and turn-around transactions, as well as in insolvency procedures assisting now and in the past banks, financial intermediaries and companies on such matters.
Chiomenti also has long-standing experience advising on the purchase of assets or busineses in turn around transactions or out of insolvency proceedings, as well as on non-performing exposure purchases (including in loan-to-own transactions).
Chiomenti was among the first law firms to develop specific legal solutions which proved useful in overcoming the financial crisis, such as the granting of convertible loans (mandatory convertibles) and the issuing of participating equity or hybrid equity financial instruments. Chiomenti also possesses consolidated experience in extraordinary transactions in the context of restructuring and turn around operations, including demergers or contributions of assets to implement corporate structures (bankruptcy remote or ring‑fenced).
With a view to offering integrated advice in this field, Chiomenti set up a dedicated business unit comprising professionals who, using their experience gained across various departments (finance, dispute resolution, corporate, tax, labour), work together to better look after the client’s needs, leveraging the Firm’s diverse skills.
- The firm has assisted entities responsible for managing situations with a very high profile, both for their impact on the general level of employment and also on the country’s general economy. Chiomenti has also contributed to the recent legislative changes regarding extraordinary administration procedures for businesses carrying out essential public services.
- In line with its international outlook, the Firm has assisted primary international investment banks in insolvency procedures concerning leading Italian companies.
- Chiomenti has closely followed the evolution of insolvency law, leveraging the contributions of its professionals who conduct research in this area, and contributing to the work of various commissions which have led to the drafting of new regulations, also at the European level.