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The lending group has given CIT until Oct. 1 to adopt a restructuring plan.
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The new law, known as the Marzano Decree, allows for quicker procedures for adopting a restructuring plan of any Italian company with more than 1,000 employees and debt of more than 1 billion euros.
By adopting a restructuring plan, Ahold could be worth in excess of 9 euros ($11.50) per share, or 26% more than the companys share price on Friday, the funds said.
Europe is moving to adopt a legal debt-restructuring scheme for bonds issued after 2013 modeled after the I.M.F.'s own unsuccessful sovereign debt restructuring mechanism.
To speed the real benefits of competition nationwide, Congress must quickly adopt a set of comprehensive restructuring principles endorsed by consumer groups, the elderly, major corporations and utilities.
A growing chorus of economists and commentators — including this page — are urging the Obama administration to adopt a more comprehensive solution: a government-run restructuring, or nationalization.
The vote came one year and a day after the general assembly agreed to negotiate and adopt a multilateral legal framework for sovereign debt restructuring.
At metamorphosis, amphibians undergo major restructuring of internal and external organ systems, remodelling somatic tissues to adopt a terrestrial lifestyle.
Even as he bought shares last month, Mr. Icahn never publicly disclosed whether he planned to adopt a passive role in the company or an active one in forcing G.M. to restructure.
Adopt a more informal tone.
"Adopt" a tiger.
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