"Vicenza Court Approves F.A.I.B. S.p.A. Debt Restructuring Plan with Significant Asset Liquidation and External Financing"

Greggio Avvocati d’Impresa and Vidal & Partners assisted F.A.I.B. S.p.A., a company based in Bassano del Grappa (VI) specializing in the construction of molds for hot and cold deformation in the automotive sector, in its concordato preventivo procedure. The transaction involved the approval of a concordato preventivo plan by the Tribunal of Vicenza on October 24, 2025. The plan included the liquidation of the company's assets and the injection of significant external financing by third parties, increasing the company's assets by at least 10% as required by Article 84, paragraph 4 of the Italian Corporate Crisis and Insolvency Code (CCII). The plan also entailed the sale of a business unit comprising real estate and equipment to a third-party buyer, whose offer was contingent on the successful approval of the concordato procedure by the majority of creditors. This approach generated a surplus for creditors compared to the hypothetical values obtainable through judicial liquidation. Additionally, the plan provided for the distribution of assets according to the "Absolute Priority Rule" and the "Relative Priority Rule," with payment percentages for unsecured and subordinated privileged creditors ranging between 38% and 40%, divided into seven classes. The legal and corporate aspects of the transaction were handled by Greggio Avvocati d’Impresa, with a team led by partners Marco Greggio and Filippo Greggio, supported by senior associate Giulia Prevedello. Vidal & Partners, represented by chartered accountants Gianluca Vidal and Alessandro Monterosso, managed the financial aspects. The plan was certified by Dr. Gianfranco Peracin, and Dr. Antonio Cortese was appointed as the judicial commissioner.

"Vicenza Court Approves F.A.I.B. S.p.A. Debt Restructuring Plan with Significant Asset Liquidation and External Financing"

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