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Article 182-bis and the excessive misalignment parties and non-parties to agreements

18/06/2015

This article by Franco Carlo Papa (Chairman of PGS Consulenti) highlights how the debt restructuring agreement alters the par conditio creditorum: creditors who are not parties to the agreement gain privileges over signatories. Those not signing the agreement must be paid in full within 120 days, an attractive option given the current payments situation in Italy.

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