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May 21, 2020
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- Perini Navi intends to use Article 182
bankruptcy law for debt restructuring
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- The aim is to safeguard the operation and
business continuity
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 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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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
