The road to recovery
As the full implications of the Parmalat financial scandal become apparent, how has this affected the Italian markets and what legislation does the Government have planned to ensure that this does not happen again? Max Aaron and Bon Joyce take a look
The snowballing effect of Parmalat at the end of 2003 ushered in an inauspicious start to 2004 for investors in Italian debt capital markets. Coined ‘Europe’s Enron’, the Parmalat scandal broke in December 2003 amid allegations of false accounting, financial manipulation, insider trading and financial fraud.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651