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A&O Shearman

A&O Shearman

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Italy

4

Restructuring and insolvency

With a global reach, the restructuring and insolvency practice at A&O Shearman advises clients in various sectors, including real estate, automotive and manufacturing, on a range of matters. Paolo Manganelli leads the group and is praised by clients for his ‘great technical skills and commercial intelligence’. He is knowledgeable in Italian bankruptcy law and has extensive experience in corporate restructuring. Tommaso Paltrinieri is also a key contact within the team, which was further strengthened with the addition of leveraged finance expert Diego Esposito from Linklaters Studio Legale Associato in July 2025.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Billing & efficiency

Testimonials

Collated independently by Legal 500 research team.

  • 'Very focused and result oriented.'
  • 'Paolo Manganelli consistently demonstrated remarkable sensitivity and insight in identifying original solutions that safeguarded the client's interests, even in situations that initially appeared unsolvable. In my view, he is one of the finest lawyers in Italy.'
  • 'I worked with the restructuring and insolvency team at A&O Sherman and found the professionals to be highly skilled and extremely committed to the project, with a strong focus on achieving results.'
  • 'Great flexibility and a positive approach to all issues.'
  • ‘Paolo Manganelli leads the practice with great technical skills and commercial intelligence. He has been able to build a very good team. A&O is excellent for international relationships and has a proper billing level for the Italian market.'

Key clients

  • Avalon Real Estate
  • Illimity Bank

Work highlights

Advised illimity Bank and AZIMUT Eltif Private Debt - Capital Solutions Fund, as lenders, on the financing granted to Montalese,the company that owns the brands Perdormire, Perdormire Hotel and San Lorenzo Home, to support its expansion strategy for the next four years.
Advised Avalon Real Estate and its shareholders on the sale of a majority stake in the company through a competitive procedure to Yard REAAS S.p.A.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Paolo Manganelli
Paolo Manganelli
Practice head

Paolo Manganelli

Other key lawyers

Tommaso Paltrinieri; Diego Esposito