Admission To Extraordinary Administration Procedure Dellasocieta ' «Socova» (France) S.a.s., Senas And Appointment Of Commissaristraordinari.

Original Language Title: Ammissione alla procedura di amministrazione straordinaria dellasocieta' «Socova s.a.s.», in Senas (Francia) e nomina dei commissaristraordinari.

Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-04-01&atto.codiceRedazionale=15A02394&elenco30giorni=false&atto.tipoProvvedimento=DECRETO

The MINISTER of ECONOMIC DEVELOPMENT Saw the December 23, 2003, Decree No. 347 concerning "urgent measures for the industrial restructuring of large enterprises in a State of insolvency", converted, with amendments, by law No 39 February 18, 2004, and subsequent amendments and additions (Decree-Law No 347/2003); Having regard to the Decree-Law No 1 January 5, 2015, bearing urgent provisions for the exercise of national strategic interest companies in crisis and for the development of the town and the area of Taranto», converted, with amendments, into law No 20 March 4, 2015; Having regard to Legislative Decree No 270 July 8, 1999; Having regard to its Decree dated January 21, 2015 whereby «Ilva S.p.a.» He's admitted to extraordinary administration procedure and appointed extraordinary Commissioners Dr. Piero Gnudi, the lawyer. Corrado Carrubba and prof. Enrico Lakes; Having regard to its Decree dated February 19, 2015 by which he is appointed the Monitoring Committee in the procedure described above; Having regard to its decrees on February 20, 2015 with which the procedure was extended, in accordance with art. 3, paragraph 3, of the aforementioned Decree-Law No 347/2003, company «Ilvaform», «S.p.a. Sanac S.p.a.», «Ilva servizi marittimi S.p.a. S.r.l. cylinders», «», «Innse Taranto energy S.r.l.» and «Societe Lyonnaise's De Deroulage S.A.»; Having regard to the judgments of the Court of Milan State insolvency in January 30, 2015 date and declarative March 5, 2015; Having regard to the request on February 27, 2015, by which extraordinary Commissioners require, in accordance with art. 3, paragraph 3, of Decree-Law No. 347/2003, admission to special administration of the company «Socova S.a.s. ", indirectly controlled by «Ilva S.p.a., via the «Ilva commerciale S.r.l.»; Noted that, as shown in the above instance and attached documentation, the conditions under art. 3, paragraph 3, of Decree-Law No 347/2003, also with regard to the situation of the insolvency of the firm, for the purpose of extending the extraordinary administration procedure; Pointed out, inter alia, as represented and documented instance on the coincidence with the headquarters of «Ilva S.p.a.» of centre of main interests of «Socova S.a.s. ', within the meaning and for the purposes of art. 3, n. 1, of Council Regulation (EC) no 1346/2000; Visto l'art. 85 of that Legislative Decree n. 270/1999, which provides that the extraordinary administration procedure of the Group's companies are responsible for the same organs appointed for the mother; Consequently deemed it necessary to provide for the admission to extraordinary administration procedure and the preposition to the same organs already nominated for the «Ilva S.p.a. ";
Decrees: Art. 1 the company «Socova S.a.s.» (VAT INTRASTAT FR-51651620890), with its registered office at Sophia Antipolis (France), n. 100 Route d Eyguieres, is admitted to extraordinary administration procedure, according to art. 3, paragraph 3, of Decree-Law No 347/2003.