The area that defines the firm. 28 years of uninterrupted practice in Italian banking and financial law, with the last fifteen years entirely focused on the non-performing loan market. Over €4 billion of NPL operations and 1,700+ documented mandates across banks, servicers, funds and financial intermediaries.
The Italian non-performing loan market has matured over the last decade into a structured secondary ecosystem — with annual transaction volumes estimated at €22 billion in the 2025-2027 triennium (Banca Ifis Market Watch Sep. 2025). The flow is no longer dominated by mega-spinoffs from significant institutions, but by re-trades, specialized UTP, and segment-specific investors.
We serve all sides of this ecosystem: selling banks in portfolio assignments, independent servicers in day-to-day workout and portfolio strategy, investment funds in due diligence and structuring, SPVs and Master Servicers in securitization governance.
The firm's differentiating approach is operational breadth: we don't just close the deal — we own the execution path, from legal DD through collateral valorization to eventual re-trade. Many of our institutional clients choose us because we know how the mandate actually runs in the 24 months after signing.
Assistance to selling banks and acquiring investors in NPL/UTP portfolio operations. Legal DD on thousands of positions, collateral mapping, contractual structuring of the assignment, regulatory compliance under art. 58 Banking Act (TUB).
Structuring of securitization transactions under Law 130/99. ReoCo vehicles under art. 7.1 for mortgage NPL. Direct real estate securitization under art. 7.2. Contracts with Arranger, Master Servicer, rating agencies.
Complex litigation on single positions, including secured workout, judicial enforcement, debt restructuring negotiation with debtors. Deep procedural expertise in Italian enforcement courts.
Contentious proceedings before Italian banking courts. Anatocism, usury thresholds, banking contract nullity, mortgage validity, transparency compliance. Representation before Italian Supreme Court (2 Cassation-admitted lawyers).
Public Administration distressed receivables — a distinct asset class with its own operational logic. Profit Farm's crowdfunding platform (ECSP-authorized 2024) specializes in this segment; the firm is the legal counsel for the entire ecosystem.
Selling banks, acquiring funds, independent servicers, Master Servicers, financial advisors — request a preliminary confidential consultation in English or Italian.
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