CAPPELLI RCCD assisted the financial creditors of Chiara Edificatrice Milanese in liquidazione in the restructuring of the company’s debt, which resulted in entering into a debt restructuring agreement pursuant to Article 182 bis of the Italian Bankruptcy Law, that was approved on 3 February 2022 by the Court of Milan. The role of Agent under the debt restructuring agreement was entrusted to Prelios Credit Agent, led by Roberto di Lauro and his team.
Chiara Edificatrice Milanese is a company owned by the Pirovano family which operates in the real estate development sector in Milan and its suburbs, particularly in the Municipality of Peschiera Borromeo. The restructuring plan submitted by the company provides for an organised and managed liquidation of all its assets, particularly all of its real estate properties, in order to repay its debt exposure to creditors.
As part of the transaction, Cappelli RCCD acted as legal advisor to the financial creditors with Partner Morena Bontorin and Associate Deborah De Rosa.
Chiara Edificatrice Milanese in liquidazione was assisted by Oxerevi SRL headed by Davide Russo, as financial advisor, and by AMTF Avvocati with Partner Michele Gioffrè and Senior Associates Giuseppe Rizzo and Nicholas Parati. Avvocati Associati Pordenone, led by Riccardo Muz, was also involved in the procedure.