Through the EU Directive on Restructuring and Insolvency of 20 June 2019 (EUR 2019/1023, “Directive”), the European Union has imposed an obligation on its member states to offer a more attractive and flexible restructuring scheme in their respective local law. The initial deadline to do so had been 17 July 2021. Only a handful of countries (most notably Germany and The Netherlands) had implemented the Directive within the initial deadline, whilst the other countries made use of the possibility to ask for a one year extension.

This article contains the latest updates from the Energy and Sustainability sector in Italy. Updates include; EUR 1.1billion has been allocated to the development of agrivoltaics by the Italian NRRP, the Ministry of Economic Development has signed a decree implementing an IPCEI fund, and the Bank of Italy has adopted its Responsible Investment Charter to foster ESG finance.

In brief Italy Energy & Sustainability Newsletter for the month of April 2021. Contents The Italian Ministry of Ecological Transition has been established The changes in the energy sector introduced by the law converting the Milleproroghe Law Decree Cooperation between the Italian Energy Services Manager (GSE) and the Lombardy region…

In brief In response to the COVID-19 emergency, Law Decree No. 76 of 16 July 2020 (so-called Decreto Semplificazioni), converted into law by Law No. 120 of 11 September 2020, introduced new measures in order to: (i) increase energy production from renewable sources (due to the simplification of authorization procedures…

In brief In the World Energy Outlook 2020, the International Energy Agency (IEA) focused its analysis on the next 10-year period starting from the impact of the COVID-19 pandemic. For 2020, global energy demand is expected to decrease by 5%, energy-related CO2 emissions by 7% and energy investments by 18%.…

In brief In the World Energy Outlook 2020, the International Energy Agency (IEA) focused its analysis on the next 10-year period starting from the impact of the COVID-19 pandemic. For 2020, global energy demand is expected to decrease by 5%, energy-related CO2 emissions by 7% and energy investments by 18%.…

In brief In response to the COVID-19 emergency, Law Decree No. 76 of 16 July 2020 (so-called Decreto Semplificazioni), converted into law by Law No. 120 of 11 September 2020, introduced new measures in order to: (i) increase energy production from renewable sources (due to the simplification of authorization procedures…

The financial markets are experiencing a significant amount of disruption for which there is no precedent. However, in these difficult times it is important that originators, sponsors and securitisation special purpose entities (SSPEs) do not lose sight of their regulatory obligations under Regulation (EU) 2017/2402 (Securitisation Regulation). This short briefing…