CDT assists primary Italian supplier of US cosmetic brand in art. 161 bankruptcy law proceeding (i.e. debt restructuring-composition with creditors) on all the judicial steps before the court and the negotiations with creditors and unions.
On September 11, 2019, the arrangement was ratified by the Court of Rome.
The overall transaction includes the lease of the on-going concern business and its subsequent sale, as well as the sale of the entire stock to a NewCo entirely owned by the US brand.