NPL, UTP & insolvency arrangements

Aicardi & Partners brings extensive multi-year experience in the acquisition and management of non-performing bank loans (Non-Performing Loans – NPLs) and unlikely-to-pay exposures (Unlikely to Pay – UTPs), including through portfolio transactions by means of securitisation structures pursuant to Law No. 130 of 30 April 1999, carried out through the issuance of asset-backed securities via special purpose vehicles (SPVs) registered in the special list maintained by the Bank of Italy (Banca d’Italia) pursuant to Art. 107 of the Consolidated Banking Act (Testo Unico Bancario – TUB).

• Assistance in the submission of proposals for insolvency arrangements (concordato fallimentare)
• Assistance and advisory for the optimal management of recovery activities
• Credit due diligence
• Specific tax advisory
• Contractual assistance

AREAS OF PRACTICE