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New safe harbour provisions on Italian leveraged buy-outs

22/03/2004Source:Debevoise & Plimpton. Giancarlo Capolino Perlingieri and Dante Leone 

Recent legislation in Italy has created a general safe harbour for leveraged buy-outs. Mergers between a leveraged vehicle and the acquired target, where the target acts as a general guarantee, or the source of reimbursement of, the debt incurred by the vehicle, will now be permitted subject to certain requirements, according to Giancarlo Capolino Perlingieri and Dante Leone of Debevoise & Plimpton.

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Debevoise & Plimpton, an international law firm, was founded in 1931. The firm, which now has more than 500 lawyers, provides international services in corporate, litigation, tax, and trusts and estates law. Debevoise & Plimpton offices are located in New York, Washington, DC, London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.

Reprinted with permission from The Debevoise & Plimpton Private Equity Report. © 2004 Debevoise & Plimpton. All rights reserved. No portion of this article may be reproduced without the express consent of the authors.

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