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03 June 2020 The on-line newspaper devoted to the world of transports 05:14 GMT+2



May 21, 2020

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Perini Navi intends to use Article 182 bankruptcy law for debt restructuring

The aim is to safeguard the operation and business continuity

The shipbuilding company Perini Navi, which specializes in design and construction of superyachts, announced intending to use Article 182 encore of the law debt restructuring. The company has made board of directors has assessed embark on a restructuring process Company's debt, hopefully through a agreement under Article 182 of the Bankruptcy Act, to the to safeguard operations and continuity and that the Board decided that, in order to achieve that will shortly file an appeal before the Court of Appeal. Lucca, under art. 161, 6th paragraph, R.D. 16 March 1942.

In a note, the company stated that "through this company intends to use a tool to crisis management to overcome a time of major tension aggravated by the emerging situation Covid-19 and its impact on all markets. The goal pursued by the company's board of directors - explained Perini Navi - is to preserve the business and the company's history, giving continuity to the important outstanding contracts and ensuring the best possible satisfaction creditors, in accordance with the path undertaking."



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