Italian Insolvency Law definition

Italian Insolvency Law means Royal Decree No. 267 of 16 March 1942.
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Italian Insolvency Law means the Italian Royal Decree No. 267 of 16 March 1942, as subsequently amended and supplemented.
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Italian Insolvency Law means Royal Decree no. 267 of 16 May 1942 as amended and supplemented by Law Decree no. 35 of 14 March 2005 as converted by Law no. 80 of 14 May 2005.
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Examples of Italian Insolvency Law in a sentence

  • Attestation engagements under Italian Insolvency Law in connection with the:➢ restructuring plans of companies when avoiding insolvency;➢ arrangement with creditors (“concordato preventivo”); and➢ agreement to restructure corporate debts following a court application.

  • For instance, in the Arrangement with Creditors on a Going Concern Basis, since the Law focuses, obviously, on the continuation of the business activity more than in the other Procedures, the debtor rather than the creditors is given large discretion to determine the outcome of the executory contracts.It is necessary to point out, then, that the Italian Insolvency Law is under review from a global viewpoint.

  • Under Italian Insolvency Law with the opening of the bankruptcy proceeding the possibility for the individual creditor to execute the debtor’s assets is barred by law.

  • Therefore, even during the term when the negotiations between the debtors and creditors will be carried out, the debtor (for sixty days from the date when the tribunal considered its restructuring proposal based on reasonable grounds) will be protected against creditors’ claims.ƒ Over-Indebtedness of Private Individuals and Entities Not Subject to Italian Insolvency Law: automatic stay of actions starts from the date in which the court orders the temporary protection of the debtor.

  • Rordorf Committee In January 2015 the Rordorf Commission was set up in order to reform the Italian Insolvency Law, as to: reorganize and simplify the insolvency proceedings; introduce alert mechanism for insolvency; introduce new rules on possessory collateral, so as to allow creditors toenforce their credit out of the court system.

  • Decision No 6/10 RCP of 7 July 2010 of the Court of Piacenza placed the company "C.V.S.*Costruzione Veicoli Speciali S.p.A." in liquidation and subject to composition with creditors pursuant to Article 160 of the Italian Insolvency Law, appointing Dott.


More Definitions of Italian Insolvency Law

Italian Insolvency Law means the Italian Royal Decree No. 267 of 16 March 1942, as subsequently amended andsupplemented.
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Italian Insolvency Law means the Italian Royal Decree No. 267 of 16 March 1942, as subsequently amended and supplemented. “Japanese Yen” means the lawful currency of Japan.
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Italian Insolvency Law means Royal Decree Xx. 000 xx 00 Xxxxx 0000 Xxxxx.
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Related to Italian Insolvency Law

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Insolvency Act means the Insolvency Xxx 0000;

  • Applicable Insolvency Laws means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented).

  • Insolvency Legislation means legislation in any applicable jurisdiction relating to reorganization, arrangement, compromise or re-adjustment of debt, dissolution or winding-up, or any similar legislation, and specifically includes for greater certainty the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-Up and Restructuring Act (Canada) and the Bankruptcy Code (United States).

  • EU Insolvency Regulation means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Insolvency Regulation means the Regulation EU 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • Bankruptcy Law means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

  • Insolvency Proceedings means, with respect to any Person, any case or proceeding with respect to such Person under U.S. federal bankruptcy laws or any other state, federal or foreign bankruptcy, insolvency, reorganization, liquidation, receivership or other similar laws, or the appointment, whether at common law, in equity or otherwise, of any trustee, custodian, receiver, liquidator or the like for all or any material portion of the property of such Person.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Financial Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as “included” in the Declarations attached hereto:

  • Insolvency Action With respect to any Person, the taking by such Person of any action resulting in an Insolvency Event, other than solely under clause (g) of the definition thereof.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Insolvency Official means the official receiver appointed in the context of any insolvency procedure which may be opened following the occurrence of an Insolvency Event.

  • Anti-Bribery Law means any applicable anti-bribery or anti-corruption law, regulation or rule enacted in any jurisdiction, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000;

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • Bankruptcy Code means Title 11 of the United States Code.

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.