TISG: Court partially revokes protective measures, five owners regain the right to terminate contracts
The Florence Court has upheld the claims filed by five yacht owners against the protective measures granted to The Italian Sea Group within the framework of its negotiated crisis settlement procedure. The decision is highly targeted: it does not stop the procedure, nor does it affect the group’s other creditors, but it redraws a crucial legal boundary — the distinction between the shipyard’s assets and the owner’s property rights over yachts already under construction
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