
Linklaters Studio Legale Associato maintains a strong position in the restructuring and insolvency sphere, with deep experience in advising clients on a wide array of matters. The group is led by Francesco Faldi, who advises clients on insolvency and quasi-insolvency procedures. Ettore Consalvi is a key port of call for clients seeking advice on turnaround and distressed M&A deals. Filippo Azzano and Marilisa Ciotta are also notable members of the team and have strong experience in cross-border restructurings. Diego Esposito has departed the firm as of June 2025.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘Linklaters' restructuring and insolvency practice has an outstanding position in the Italian restructuring market. The team has top-notch technical skills, a long track record in the market and in-depth restructuring and finance capabilities.'
- 'The involvement of Francesco Faldi and Ettore Consalvi is extensive, as they attend each and every call/meeting and review each and every communication/document before it goes out; such constant presence of the partners is perceived as a significant added value and guarantees excellence on all the deliverables.'
Key clients
- BNP Paribas
- Sculptor Ristretto Investment
- Polus Capital Management Limited
- Arrow Global
- Europa Investimenti
- Sagitta SGR
- Bain Capital Credit
- Aquileia Capital Services
- Solution Bank
Work highlights
Advised Arrow Global, Sagitta SGR and Europa Investimenti on the restructuring transaction of Rizzani de Eccher S.p.A.
Advising BNP Paribas SA and other local and foreign financial institutions in connection with a standstill agreement in relation to the senior indebtedness of Caffitaly System S.p.A.
Advised Sculptor Ristretto Investment on the disposal (with Bialetti Investimenti, Bialetti Holding) of a controlling stake corresponding to 78.56 per cent of the share capital of Bialetti Industrie, equal to 121,607,985 ordinary shares, to Octagon BidCo, an investment vehicle affiliated with the NUO Group.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Francesco Faldi
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Filippo Azzano
Marilisa Ciotta
Practice head
Francesco Faldi
Other key lawyers
Ettore Consalvi; Filippo Azzano; Marilisa Ciotta
