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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Italy > Restructuring and insolvency > Law firm and leading lawyer rankings


Index of tables

  1. Restructuring and insolvency
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

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Who Represents Who

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Best-in-class firmBonelliErede acts for insolvent companies, creditors, liquidators, administrators, trustees in bankruptcy, lenders, and funds specialising in distressed companies; on the restructuring side, the team is highly rated for distressed M&A deals. Marco Arato advised Deutsche Bank on the restructuring of Gestioni Armatoriali’s indebtedness; Vittorio Lupoli ‘solves complex problems’ and Marco Passalacqua is ‘a brilliant, sophisticated thinker’. Other recommended names are Vittoria Giustiniani, Paolo Oliviero and Elisabetta Varni. Managing associate Fabio Macrì is also highly regarded.

Chiomenti Studio Legale is regularly instructed by large corporate companies facing financial troubles to structure innovative, complex transactions, particularly debt-to-equity swaps, but also assists investors with distressed assets. Giulia Battaglia advised BANCO BPM, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, MPS Capital Services - Banca per le Imprese, UBI Banca, and Banca Popolare di Sondrio on the restructuring of Premuda’s financial indebtedness. Antonio Tavella heads the team. Juri Bettinelli joined Allen & Overy - Studio Legale Associato in October 2017.

Linklaters is recommended for large high-profile transactions, particularly regarding innovative and cross-border restructurings and complex Italy-based deals. Francesco Faldi advised Generali Investments Europe, acting on behalf of Alleanza Assicurazioni, Genertellife, Generali Italia and Genertel, on the restructuring of Alitalia’s financial indebtedness, which arose from a €375m notes issue; and Andrea Arosio advised alternative investment fund IDeA Corporate Credit Recovery I, and a pool of over ten lenders, on a debt restructuring agreement involving Targetti Sankey. Ettore Consalvi is a key senior managing associate.

Lombardi Segni e Associati is highly rated for its insolvency law expertise, including insolvency proceedings and compositions with creditors. The practice regularly advises receivers and administrators on large corporate insolvencies in Italy and high-profile debt restructurings. Giuseppe Lombardi assisted the extraordinary commissioners of Alitalia in extraordinary administration with bankruptcy law matters. Other highly regarded advisers include Andrea Mazziotti Di Celso, Stefano Nanni Costa and PierDanilo Beltrami, along with Antonio Segni and of counsel Massimo Fabiani.

Cleary Gottlieb Steen & Hamilton LLP is experienced in bankruptcy, M&A, capital markets, tax, finance, and litigation. Carlo de Vito Piscicelli acted for TPG Special Situations Partners, as creditor, in the debt restructuring of an investment company, which involved a debt-for-equity swap. Roberto Bonsignore, Giuseppe Scassellati-Sforzolini and counsel Claudio Di Falco are the key contacts.

Clifford Chance advises on high-profile Italian restructurings, distress-related refinancing and insolvency-related transactions. The team assisted Landi Renzo group with an optimisation agreement. Giuseppe De Palma, Ferdinando Poscio and counsel Francesca Cuzzocrea are the main advisers; and Carlo Felice Giampaolino and Fabio Guastadisegni are insolvency experts.

DLA Piper’s ‘approach is proactive’. The team assists with real estate portfolio acquisitions in pre-insolvency contexts; non-performing loan transfers; the incorporation of funds for restructuring purposes; insolvency matters; and shipping sector restructuring. Francesco De Gennaro ‘meets tight deadlines’ and Antonio Lombardo ‘solves problems’. Ugo Calò and Luca Magrini are also highly rated.

Gianni, Origoni, Grippo, Cappelli & Partners’ ‘outstanding practice’ is highly regarded for complex restructurings, including out-of-court and in-court proceedings. The practice advised CIS and Interporto Campano on a transaction involving the restructuring of their financial indebtedness. Gabriella Covinohas exceptional ability’, Antonio Auricchio is ‘very talented’ and Luca Jeantet is ‘an excellent performer’. Giuseppe De Simone and Paolo Gnignati are other key practitioners.

Latham & Watkins LLP assists with major transactions, including distressed lending, out-of-court debt restructuring and in-court proceedings. Andrea Novarese and counsel Antonio Distefano advised CPL Concordia on the restructuring of its debt. Maria Cristina Storchi and Marcello Bragliani are also highly rated and recently promoted counsel Mauro Saccanihas strong sector knowledge’.

Legance - Avvocati Associatioffers the full range of services necessary for distressed investors in Italy’. The practice is focused on corporate and debt restructuring, including shipping market matters, distressed asset M&A transactions and insolvency proceedings. Alberto Giampieri assisted Grandi Lavori Fincosit with the restructuring of its financial indebtedness and Luca Autuori has ‘good skills and commercial sense’. Other notable contacts include Giandomenico Ciaramella, Stefano Parlatore and Daniele Geronzi.

Freshfields Bruckhaus Deringerprovides an optimal balance between price and quality’. The practice covers debt rescheduling, refinancing, exit strategies, and insolvency issues and recently acted for Crédit Agricole Cariparma, and other banks, in the restructuring of Enerlux’s financial indebtedness. Corrado Angelelli and Emiliano Conio are highly regarded and Enrico Castellani is the key contact for insolvency disputes.

Gattai Minoli Agostinelli & Partners assists with restructuring transactions, including in-court and out-of-court restructuring procedures. Notably, the practice advised the lenders on Boccadarno Porto di Pisa’s restructuring. Riccardo Agostinelli and Gaetano Carrello are the key names and Sergio Fulco is experienced in bankruptcy proceedings.

Giovanardi Pototschnig & Associatihas a well-balanced mix of technical and negotiation skills’ and advises on out-of-court and in-court debt restructurings, and compositions with creditors, as well as distress and insolvency-related M&A transactions. Carlo Alberto Giovanardi is ‘able to manage particularly difficult circumstances’ and Linda Morellini is ‘very good at negotiating with banks’.

Hogan Lovells Studio Legale is highly rated for pre-insolvency, insolvency and restructuring matters. Ernesto Apuzzo advised Etihad Investment Holding Company, as main minority stakeholder, on the implications of Alitalia’s submission to extraordinary administration. Antonio Di Pasquale is also highly rated, while contentious insolvency expert Filippo Chiavesprovides a practical perspective on matters’.

Paul Hastings LLP frequently handles major mandates from the shipping, financial services, real estate, automotive and telecoms sectors, where it assists with the creation of innovative bankruptcy, restructuring and insolvency tools for global private equity sector leaders, financial institutions and corporate entities. Bruno Cova is ‘an impressive negotiator’. Paolo Manganelli joined Ashurst.

Pedersoli Studio Legale is focused on debt restructuring and bankruptcy transactions, via out-of-court agreements and judicial procedures. Maura Magioncalda assisted a syndicate of banks, and UniCredit Leasing, with Malvestiti Group’s debt restructuring. Alessandra Giovetti ‘provides very clear advice’.

Ashurst hired Paolo Manganelli from Paul Hastings LLP as head of the Milan restructuring team. The department advises on corporate distress, distressed investing and formal insolvencies and exhibits particular energy and infrastructure, real estate, automotive and fashion sector experience.

Bird & Bird’s areas of expertise include turnaround plans, debt restructuring agreements, pre-insolvency and insolvency procedures with creditors, debt trading and cross-border matters. Alberto Salvadè is the principal contact.

CBA Studio Legale e Tributario advises on high-profile corporate restructuring transactions in Italy, both in and out of court. Matteo Bascelli is the name to note.

CMS advises debtors, lenders, insolvency practitioners, and boards of directors, as well as buyers and sellers of distressed debt and pension trustees, on financially distressed situations. Mauro Battistella is highly regarded.

Craca Di Carlo Guffanti Pisapia Tatozzi & Associati’s ‘reactive and skilled’ team acts in debt restructurings, M&A transactions involving distressed assets, and insolvency procedures. Alfredo Craca advised Banca Monte dei Paschi di Siena and Banca Carige on the restructuring of Holmo’s financial indebtedness.

Dentonsprovides excellent advice’ and recently hired debt restructuring expert Alessandro Fosco Fagotto, ‘whose advice is really invaluable’, from Pedersoli Studio Legale. Federico Sutti, who ‘has great negotiation skills and experience’, advised a group of banks on the resolution of a debt restructuring agreement.

Gatti Pavesi Bianchi Studio Legale Associato’s ‘team is very efficient’ and assists with debt restructuring processes, including corporate law aspects, bankruptcy law litigation proceedings, and labour law issues. Luca Faustini advised a pool of banks on a financial optimisation transaction. Gianni Martogliahas excellent negotiation skills’ and Francesco Gatti, Stefano Valerio and Carlo Pavesi are also highly regarded.

Molinari e Associati is recommended for its insolvency law expertise, including insolvency proceedings and compositions with creditors; the practice also assists banks and debtors with private debt-restructuring transactions and court-governed restructuring proceedings. Ugo Molinari is the principal adviser.

NCTM Studio Legale is ‘able to find solutions’ and regularly handles high-profile and cross-border restructurings; the group is also noted for real estate fund-related restructurings. Fabio Marelli assisted Andreoli with an indebtedness restructuring scheme. Other noted practitioners include Paolo Montironi, Gian Carlo Sessa, Guido Fauda and Riccardo Papetti.

Orrick, Herrington & Sutcliffe is experienced in debt restructuring during pre-insolvency situations and bankruptcies, including litigation and in-court settlement proceedings. Marco Nicolini and special counsel Daniela Andreatta are the key contacts.

Osborne Clarke’s Filippo Canepa advises on contentious and non-contentious debt restructurings. The team acted for the banks in a real estate sector-related debt restructuring.

Pavia e Ansaldo advises on corporate and financial restructuring and pre-insolvency as well as insolvency litigation and is also particularly noted for distressed acquisitions, turnaround transactions and investments in financially distressed companies. Roberto Zanchi and Alberto Bianco are experienced practitioners.

Simmons & Simmons’ practice spans out-of-court and court-driven restructurings; insolvency and reorganisation procedures; insolvency litigation; and insolvency crime. Fabrizio Dotti is highly rated, Davide D’Affrontohas a solid reputation’ and Nicholas Lasagna ‘has broad, international experience’.

Studio Legale Associato a Watson Farley & Williams is experienced in debt and corporate restructuring, protection from creditors and insolvency. Furio Samela is ‘highly skilled’.

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