Insolvency A survival guide

The collapse of Parmalat has forced European legislators to take a long, hard look at the laws governing insolvency. Moves are now afoot to bring these regimes more in line with a Chapter 11 style of bankruptcy legislation, as Oliver Holtaway discovers

insolvency-gif

In the days following the collapse of the Parmalat empire last November, Italian legislators rushed new bankruptcy laws through the Italian parliament. The food giant was clearly headed for insolvency, and while at that point 95% of insolvent Italian firms tended to end up in liquidation, Italian politicians were adamant that Parmalat would not. In order to save jobs (and therefore, they hoped, votes), legislators contrived a way to keep the company alive.

The entire incident was a wake-up call

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here