Federico Perego

Associate

Milan


Read full biography at www.orrick.com
Federico Perego has an extensive background in corporate and commercial law and dispute resolution matters. In recent years, he has been involved in several energy projects and in corporate reorganizations, out-of-court restructurings, insolvency and liquidation matters.

Prior to joining Orrick, Federico was associate at Agnoli Bernardi and, before, at Pavia e Ansaldo.

In 2006, he obtained a LL.M. in Corporate and Commercial Law from the University of London.

Besides being admitted to the Milan Bar Association, Federico was admitted to the Roll of England and Wales as a solicitor (non practicing).

Posts by: Federico Perego

A Stop to PIK Loans from the Court of Milan

PIK (Payment In Kind) loans are loans that typically do not provide for any cash flows from borrower to lender between the drawdown date and the maturity/refinancing date. In PIK loans, interests generally accrue period after period, thus increasing the underlying principal. As an alternative, PIK Loans may include provisions according to which, upon the occurrence of certain events, interest payments due by the debtor become undue and the corresponding amount is added to the principal amount, so that it generates further interests. This latter type of provisions is usually included in loans granted in the context of restructuring proceedings where the borrower may not always be able to meet, in whole or in part, its obligations to pay the agreed interests as they become due.

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