An English court order sanctioning a restructuring plan is likely to be recognized by an Italian court as a judgment in civil and commercial matters or in insolvency matters both under the 1964 convention between Italy and the United Kingdom for the reciprocal recognition and enforcement of judgments in civil and commercial matters and under Law No 218/1995, since all the relevant requirements envisaged therein appear to be met. Indeed, (i) the requirement that the English court is vested with indirect jurisdiction is satisfied when the debtor’s COMI is located in England and (ii) restructuring plans do not appear to be contrary to Italian public policy, since the effects of the restructuring plan procedure, the procedural aspects and the substance of the provision envisaged in Part 26A of the Companies Act 2006 are common to the concordato preventivo procedure and the accordi di ristrutturazione del debito procedure that Italian Bankruptcy Law provides for companies encountering financial difficulties.

Sul riconoscimento in Italia dei Restructuring Plans inglesi / S. Bariatti. - In: RIVISTA DI DIRITTO INTERNAZIONALE PRIVATO E PROCESSUALE. - ISSN 0035-6174. - 58:1(2022), pp. 5-22.

Sul riconoscimento in Italia dei Restructuring Plans inglesi

S. Bariatti
2022

Abstract

An English court order sanctioning a restructuring plan is likely to be recognized by an Italian court as a judgment in civil and commercial matters or in insolvency matters both under the 1964 convention between Italy and the United Kingdom for the reciprocal recognition and enforcement of judgments in civil and commercial matters and under Law No 218/1995, since all the relevant requirements envisaged therein appear to be met. Indeed, (i) the requirement that the English court is vested with indirect jurisdiction is satisfied when the debtor’s COMI is located in England and (ii) restructuring plans do not appear to be contrary to Italian public policy, since the effects of the restructuring plan procedure, the procedural aspects and the substance of the provision envisaged in Part 26A of the Companies Act 2006 are common to the concordato preventivo procedure and the accordi di ristrutturazione del debito procedure that Italian Bankruptcy Law provides for companies encountering financial difficulties.
Restructuring plan; international insolvency law; private international law; procedure concorsuali; diritto internazionale privato
Settore IUS/13 - Diritto Internazionale
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/930389
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