LMS Insolvency & Restructuring department, with a team led by the partner Matteo Bascelli and composed of the counsel Elena Grigò and the associate Riccardo Di Carlo, has provided legal assistance to creditors (banks and financial intermediaries active in the management of UTP and NPLs receivables), in the reorganization of SEI – Società Energia Italia, active in the Italian electricity and natural gas market.
The transaction, finalised at the end of the negotiated settlement for the resolution of the company crisis in the context of the innovative agreement pursuant to Article 23(1)(c), will allow SEI to manage its activities more efficiently, in its core business and in its relations with all operators in the energy sector and with customers, covering the entire supply chain, from sourcing to the wholesale and retail supply of energy.
The company, with its CEO and CRO Massimiliano Schirone, was assisted by lawyer Valentina Pierfelice, for the legal profiles, and by the professionals of KPMG Advisory, on the financial profile. The expert, appointed by the Chamber of Commerce of Chieti-Pescara, was Dr. Alessandro Paglione.