BonelliErede assists the full range of interested parties in contentious and non-contentious insolvency matters, including distressed creditors, insolvent companies, liquidators, administrators and trustees. The firm’s expertise in EU law makes it adept at handling issues arising out of insolvency in the region. Key areas of insolvency practice at the firm include liquidation, administration, derivative actions, emerging insolvency and corporate restructuring. The practice is led by Marco Arato, who specialises in the transfer of equity stakes and companies, debt restructuring and insolvency-related M&A. Giuseppe Lombardi is recognised for his dispute resolution work focusing on insolvency. In December 2022, Gianpaolo Ciervo was promoted to partner.

Chiomenti maintains a strong insolvency and restructuring practice and is a popular choice among major national and international banks. Its department is responsive to the ever-changing field of restructuring and insolvency, advising on the central aspects of insolvency law, including arranged agreements, distressed M&A, lending transactions and non-performing loans (NPLs). Antonio Tavella heads the practice and routinely advises major domestic and foreign clients on the purchase of receivables, debt restructurings, litigation and distressed acquisitions. Giulia Battaglia is a notable member of the team, specialising in assisting debtors, banks and investors in complex transactions. Giada Caravello is a managing associate with a focus on debt restructurings and assistance to companies in financial distress.

Gianni & Origoni is well equipped to assist clients with in-court and out-of-court transactions and proceedings, including complex restructurings. The firm draws expertise from its multidisciplinary practice to cover any issue that may arise in the course of a deal, whether related to M&A, finance, litigation, labour or real estate. The restructuring department is led by Gabriella Covino, whose practice covers private M&A and joint ventures, and Luca Jeantet, who regularly advises financial institutions on restructuring and turnaround matters. Antonio Auricchio is a noted member of the department and specialises in litigation and arbitration alongside bankruptcy law.

Clifford Chance advises major multinational banks and companies on matters across the spectrum of restructuring and insolvency law. The firm assists in distressed refinancing, insolvency-related risk management litigation, distressed M&A and labour issues surrounding insolvency, such as reorganisations. In particular, the firm is strong in restructuring and insolvency litigation. The practice is headed by Giuseppe De Palma, an expert in the banking sector. Filippo Isacco was promoted to partner in May 2023; his strengths include advising on corporate restructurings.

DLA Piper is deeply familiar with all aspects of restructuring and insolvency law at a domestic and international level. The firm regularly advises underperforming and distressed organisations on effective restructuring solutions, and it has an ever-growing strength in distressed M&A transactions. Its expertise also includes handling creditor agreements and assisting in negotiation procedures under the new corporate crisis code. Antonio Lombardo, with his expertise in distressed M&A transactions and debt equity swaps, heads the practice alongside Francesco De Gennaro, who focuses on restructuring and special opportunities investments.

Leading national and international industrial and financial groups, including BNP Paribas and Unicredit, approach Legance - Avvocati Associati for advice on default situations, crisis and insolvency risk analysis, debt restructurings, negotiated crisis resolutions and bankruptcy litigation. Giandomenico Ciaramella is noted for his expertise in financing, transactions and restructurings. Luca Autuori is also well regarded as an advisor to multinationals on investments in distressed debt positions, and Filippo Chiodini, who joined the firm in December 2022, is recognised for his work on distressed M&A and private equity matters.

Linklaters Studio Legale Associato is accustomed to advising on innovative and cross-border restructurings and complex domestic agreements. The firm advises its major clients, including investment banks and financial institutions, on litigation, restructuring and liquidation procedures. Francesco Faldi is the firm’s head of practice for restructuring and insolvency and complements his knowledge in this field with his expertise in leveraged financing and structured finance. Ettore Consalvi is a noted member of the firm with experience in leveraged financing, special situations and NPL disposal transactions. Managing partner Andrea Arosio is also experienced in debt restructurings and general lending transactions.

Molinari Agostinelli is regularly involved in large restructuring transactions, including assisting clients in matters involving major financial indebtedness. The firm stands out for its track record in advising both creditors and debtors in insolvency matters. The practice is led by corporate restructuring expert Ugo Molinari and Alessandro Fontana, who regularly advises major banks on important financial issues. Giacomo Colombo, promoted to partner in early 2023, is focused on restructurings and distressed M&A transactions. Since publication, Riccardo Agostinelli left the firm.

ADVANT Nctm regularly assists clients in all matters relating to distressed situations, including labour, litigation, tax, banking, antitrust, financial markets and environmental law aspects. It draws expertise from the numerous disciplines within the firm to provide a comprehensive service. Fabio Marelli is the head of the practice and advises major companies and public entities across industries on all aspects of complex restructurings. In July 2023, Juri Bettinelli joined the firm from A&O Shearman.

Ashurst advises debtors, creditors, lenders, investors, agents and trustees on all aspects of restructurings and insolvency law. The firm is experienced in debt renegotiation and refinancing, distressed acquisitions, corporate liabilities in pre-bankruptcy and bankruptcy scenarios, and winding-up proceedings. Paolo Manganelli heads the restructuring practice and is particularly knowledgeable in Italian bankruptcy law as well as corporate restructurings. Annalisa Santini is a noted practice member with expertise in finance and debt transactions.

Carnelutti Law Firm is well versed in advising clients on restructurings, turnarounds, distressed acquisitions, special situations and NPL transactions. The firm regularly assists in judicial and out-of-court matters, including extraordinary administration proceedings, bank recovery and resolution proceedings, and compulsory liquidations. The practice is led by Luca Arnaboldi and includes Christian Patelmo, an expert in bankruptcy litigation, and Giulia Quarato, who specialises in domestic and cross-border extraordinary transactions, crisis resolutions, special situations and corporate restructurings.

Cleary Gottlieb Steen & Hamilton is recognised for its expertise in major, cross-border restructuring transactions as well as its strength in domestic insolvency law. The firm's comprehensive service sees it advising on other legal issues arising in connection with restructuring matters, such as M&A and finance issues. Carlo De Vito Piscicelli and Giuseppe Scassellati-Sforzolini are notable practice members with experience advising both debtors and creditors.

Dentons has strengths in restructuring and insolvency matters across a range of sectors, including real estate, manufacturing, energy, hospitality and infrastructure. The firm advises on many of the most frequent matters that arise in the field, including corporate and financial restructuring, bankruptcy issues, litigation and distressed M&A. The practice is led by Cristian Fischetti, who assists clients in debt restructurings and distressed situations. Managing partner Federico Sutti is also noted for his work advising banks and corporations in restructurings and refinancings.

Hogan Lovells International LLP assists stakeholders in restructuring and insolvency matters of all kinds, from creditors, multinational companies and insolvency administrators to pension trustees, governmental and quasi-governmental bodies, and distressed institutions. The firm has particular expertise in advising both sides on major loan portfolio transactions. Mauro Saccani, who joined in April 2023 from Latham & Watkins LLP, leads the firm’s practice and is experienced in leveraged and acquisition finance, debt restructuring, debt capital markets and corporate reorganisations.

LCA Studio Legale is regularly involved in major restructuring matters relating to compositions with creditors and other resolution procedures. The firm is particularly active in out-of-court and in-court insolvency proceedings, insolvency-related disputes, assistance to creditors and distressed M&A. Salvatore Sanzo is noted for his expertise in bankruptcy law, particularly in relation to liquidation. Angela Petrosillo is also recognised for her work in debt restructuring transactions for debtors and investors. Niccolò Abriani joined from DLA Piper in October 2022, and Matteo Bazzani departed in September 2023.

Osborne Clarke is experienced in restructuring and insolvency matters across major sectors in Italy, including energy, retail, leisure and hospitality, infrastructure, finance and real estate. The firm employs lawyers with sector-specific expertise to handle a broad range of matters. Filippo Canepa, who provides judicial and extrajudicial assistance to companies going through insolvency and corporate restructuring cases, heads the practice. Also of note is Federica Greggio, who specialises in all aspects of restructuring, debt and equity finance.

PedersoliGattai is active across the debt restructuring market. With an interdisciplinary practice, the firm is able to provide assistance to its clients in complex transactions involving banking and finance, corporate and insolvency law, as well as litigation. Maura Magioncalda is a debt restructuring expert, and Alessandra Giovetti is an insolvency specialist. Also of note are Gaetano Carrello, who is focused on finance, debt capital markets, restructuring and real estate, and Sergio Fulco, who is an expert in bankruptcy litigation and arbitration involving major banks and investment funds.

Studio Ubertazzi advises major corporations on general restructuring and insolvency matters. The firm possesses expertise in demergers, extraordinary administrations, director liability suits, audit analysis and claw-back actions in civil proceedings. The practice is led by Tommaso Ubertazzi, who advises large corporate groups, and Benedetta Ubertazzi, who is well versed in cross-border matters, including M&A and corporate reorganisations. Claudia De Cesare, who was promoted in 2023, is noted for her expertise in insolvency procedures.

White & Case (Europe) LLP maintains a strong restructuring and insolvency practice with expertise spanning across Europe, enabling it to execute complex restructuring and special situation investments that involve multiple jurisdictions. It provides clients with comprehensive support in restructuring and insolvency, focusing on debt restructuring for domestic and international companies. Giuseppe Barra Caracciolo specialises in structured credit and lending through securitization structures.

Bird & Bird assists clients in a wide range of insolvency procedures, including bankruptcy litigation, claw-back actions, restructurings and liability advisory work. The team is experienced in advising clients across industries, with banks, leasing companies and financial creditors regularly approaching the firm for assistance. Alberto Salvadè heads the firm’s restructuring practice in Italy and regularly supports clients through the acquisition of distressed assets.

Cappelli Riolo Calderaro Crisostomo Del Din & Partners is approached by entities with an interest in restructurings and insolvencies, including financial institutions, investment funds, borrowers and lenders, banks, financial sponsors and financial investors. The firm regularly advises on domestic and cross-border matters, covering complex insolvencies, debt restructurings, special situations and distressed M&A transactions. Alberto Del Din and Paolo Calderaro lead the practice, which includes Morena Bontorin, a debt restructuring transaction expert. In June 2023, Luca Magrini left the firm.

Eversheds Sutherland Associazione Professionale advises clients across the full spectrum of restructuring and insolvency matters, with a particular focus on insolvency litigation, liability actions against directors and auditors, and claw-back actions. In addition, the firm regularly advises on restructuring arrangement negotiations. Renato Fiumalbi heads the practice and is noted for his work assisting clients in insolvency litigation connected to the transport, logistics and food industries.

EY TAX & LAW ITALY assists major public and private corporations, corporate groups and financial institutions that are in crisis. The firm’s restructuring and insolvency practice is broad, advising on administration, bankruptcy proceedings, corporate restructurings, debt rescheduling, insolvency proceedings and refinancings. The department is led by Francesco Marotta, who supports clients through national and international restructuring processes. Angelo Ciro del Duca is noted within the department for his expertise in shareholder agreements.

Gatti Pavesi Bianchi Ludovici aids listed and unlisted companies as creditors and debtors in complex bailouts, reorganisations and streamlining activities. The firm is adapted to assist in cross-border restructuring and insolvency matters, with experts in bankruptcy, litigation, banking and corporate law. In addition, the firm is well versed in distressed business matters and financial restructurings. Luca Faustini is the head of practice and has expertise in financing and corporate reorganisation transactions. Andrea Novarese joined from White & Case (Europe) LLP in early 2024.

Greenberg Traurig Santa Maria advises clients on domestic and cross-border bankruptcy, restructuring and insolvency matters. Its client base includes insolvency practitioners, directors, private equity funds, bond trustees and stakeholders in distressed M&A situations. Bruno Cova, after joining the firm from Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP in April 2023, co-heads the restructuring and insolvency practice alongside Corrado Angelelli, who is experienced in leveraged and real estate finance matters. Riccardo Agostinelli was a new arrival in October 2025 from Molinari Agostinelli.

K&L Gates is experienced in advising clients on a wide range of restructuring and insolvency matters, including pre-insolvency situations, in- and out-of-court restructuring plans, debt restructuring agreements and the new crisis negotiated composition instrument. The firm is led by Paolo Rusconi, who specialises in debt restructuring deals and distressed M&A, and Fabrizio Dotti, who has expertise in the banking and financial services sector. Chiara Anceschi was a new arrival in April 2024.

Orrick, Herrington & Sutcliffe is frequently involved in significant restructuring transactions, insolvency proceedings, distressed M&A and asset purchases. Its clients include major domestic and international companies and financial institutions. Daniela Andreatta leads the practice and works on cross-border corporate transactions and special situations, bankruptcy litigation and insolvency proceedings.