Hosted by Unicredit, Franco Carlo Papa (Chairman of PGS Consulenti) and Luca Sala (Partner of PGS Consulenti), together with the DLA Piperteam made up of Partners Antonio Lombardo and Alberto Angeloni, tackled the broad question of Distressed M&A. After a detailed analysis of the specifics of crisis resolution procedures, the role and duties of the independent expert were examined in an attempt to set the process in its context. The distinctive features of Distressed M&A were then analysed in relation to company valuation in crisis situations, the approach of the financial institutes, critical issues, essential factors for success, as well as to timing and the preparation of contracts.