•iLS in the sixth NPL securitisation backed by “GACS” guarantee of BCC Banca Iccrea•iLS with illimity in a real estate refinancing transaction in the hotelerie sector.•Real Estate Securitisation as a real estate financing tool in Italy•iLS ranked in the TopLegal Capital Markets 2022 survey•Elena Cannazza joins iLS as new partner•ICCREA GACS V•Think Forward with iLS in the sale of its stake in Welcare•iLS opens its Milan office•Project Sandokan 2•Project Arya•iLS “Independent Italian Desk of the Year”•ICCREA GACS IV•Norman and Fabrizio co-author legal article on RE securitisation•Norman and Fabrizio interviewed by Capital Structure – 06/2020•Covid-19’s impact on the Italian Npl market•GACS and secondary market transactions•Two new tools for reperforming strategies