The unravelling of Italian dairy producer Parmalat in December 2003 marked a watershed in Italian restructurings by triggering a rewrite of the country’s insolvency law.
This brought the regime more in line with the US Chapter 11 process.
Restructuring codes: Chapter 11 is often lost in translation
By Adelene Lee
Published: July 25 2007 03:17 | Last updated: July 25 2007 03:17
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