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Chiomenti Studio Legale

VIA VERDI 2, 20121 MILAN, ITALY
Tel:
Work +39 02 72 15 71
Fax:
Fax +39 02 72 15 72 24
Email:
Web:
www.chiomenti.net
Beijing, Brussels, Hong Kong, London, Milan, New York and 2 more

Italy

Administrative and public law
Administrative and public law - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale is ‘excellent’ in the field of public procurement, particularly in relation to works, services and supplies, PPPs, public companies, transports and infrastructures, urban planning and energy projects. Key highlights included ongoing advice to gas company Snam on a variety of regulatory matters, and assistance to Italian news agency ANSA with three litigious cases before Regional Administrative Tribunals. Filippo Brunetti heads the practice and Rome-based Francesco Scanzano is another key contact, as is senior associate Alfredo Vitale.

Leading individuals

Francesco Scanzano - Chiomenti Studio Legale

Next generation lawyers

Alfredo Vitale - Chiomenti Studio Legale

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale’s ‘outstanding team always gives clients the best advice, not only across legal disciplines, but also on commercial issues’, thereby attracting a consistent stream of the most high-profile, complex M&A deals in Italy, on behalf of leading Italian and foreign institutional, financial, insurance and industrial groups. Filippo Modulo led advice to Banca d’Italia, as managing entity of the National Resolution Fund, on the complex sale process of Nuova Banca delle Marche, Nuova Banca dell’Etruria e del Lazio and Nuova Cassa di Risparmio di Chieti; and Michele Carpinelli acted for Luxottica Group in relation to Essilor International’s offer to merge with Luxottica Group, the Italy-based listed eyewear company. Corporate and M&A head Francesco Tedeschini is ‘great at conducting international negotiations’; private equity head Luigi Vaccaropossesses all the crucial skills’; and Carlo Croff is widely respected. Other names to note are Stefano Mazzotti, Franco Agopyan, Umberto Borzi. Luca Fossati, Luca Andrea Frignani, Antonio Sascaro and Enrico Giordano. Italo De Santis and Andrea Sacco Ginevri were promoted to the partnership.

Leading individuals

Carlo Croff - Chiomenti Studio Legale

Francesco Tedeschini - Chiomenti Studio Legale

Michele Carpinelli - Chiomenti Studio Legale

Next generation lawyers

Antonio Sascaro - Chiomenti Studio Legale

Luca Andrea Frignani - Chiomenti Studio Legale

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Compliance
Compliance - ranked: tier 3

Chiomenti Studio Legale

Chiomenti Studio Legale is ‘a top-level player’ that recently established a business unit on white-collar crimes and business integrity, which assists with compliance programmes and corporate liability, including advice on Decree 231, AML issues, anti-bribery and anti-corruption as well as corporate governance issues. Other areas include internal investigations and market abuse regulations. Francesco D’Alessandro and Stefano Manacorda are the recommended of counsels.

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Dispute resolution
Dispute resolution - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale provides ‘very high-quality’ services and recently defended Veneto Banca against damages claims brought by shareholders and bondholders on the grounds of alleged misselling of shares and bonds issued by the bank. The group also represented Morgan Stanley as claimant in a damages claim related to the insolvency of multinational Italian dairy and food corporation Parmalat. Practice head Silvio Martuccelli, Andrea Bernava, Ennio Cicconi and Sebastiano Zimmitti are the names to note.

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EU and competition
EU and competition - ranked: tier 2

Chiomenti Studio Legale

The ‘excellentChiomenti Studio Legale advised Amazon Europe and Gilead Science on antitrust-related matters, and assisted Vivendi with complex issues related to the merger notification before the EU Commission regarding the potential acquisition of de facto control over Telecom Italia. Practice head Cristoforo Osti is strongly recommended, as is the ‘very experienced and straight to the point’ Stefania Bariatti. Senior associate Emilio Cucchiara is ‘an excellent support and an extremely precise and serious’ professional.

Leading individuals

Cristoforo Osti - Chiomenti Studio Legale

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Employment
Employment - ranked: tier 3

Chiomenti Studio Legale

Chiomenti Studio Legale focuses on workforce restructuring, new industrial relations arrangements, collective bargaining, senior managers’ and companies’ hiring/exit packages, labour litigation and welfare programmes. The group advised fashion brand Roberto Cavalli on a lay-off procedure and collective transfer of personnel, and has been assisting Etihad Airlines with employment matters following its investment deal and 49% acquisition of Alitalia in 2014. Annalisa Reale heads the practice and Emanuele Barberisalways finds a way to reach the same goal with different approaches’.

Next generation lawyers

Emanuele Barberis - Chiomenti Studio Legale

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Intellectual property
Other recommended firms - ranked: tier 1

Chiomenti Studio Legale

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Investment funds
Investment funds - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale is highly rated for setting up investment funds and advising on complex transactions involving investment funds. The practice is regularly involved in asset management agreements, incorporation of asset management companies and corporate vehicles as well as establishing private equity, real estate and speculative funds, acquisitions and sales of assets of investment funds and liaising with regulatory authorities. Recent matters include advising Idea Fimit on setting up a new real estate alternative investment fund. Vincenzo Troianohas deep knowledge of the relevant legal framework and wide experience in dealing with the supervisory authorities’ and Luigi Vaccarohas outstanding legal skills and an impressive deal-making attitude’.

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Private equity
Private equity - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale has specialist industry knowledge in financial institutions, healthcare and chemicals, as well as automotive, luxury, retail and infrastructure, and assists with structuring and organising funds, and executing investments and exit transactions. Luigi Vaccaro advised Italian private equity firm Investindustrial and private equity group L Catterton, which led a shareholder group on the sale of their investment in Stroili Oro. Franco Agopyan, Luca Fossati, Carlo Croff and Antonio Sascaro are also highly rated.

Leading individuals

Carlo Croff - Chiomenti Studio Legale

Next generation lawyers

Antonio Sascaro - Chiomenti Studio Legale

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Real estate and construction
Real estate and construction - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale’s ‘excellent’ real estate practice packs a particular punch in advising on structuring and fund formation as well as real estate developments. The practice assisted Intesa Sanpaolo with the reorganisation of a core real estate portfolio consisting of 26 properties and advised Logistic Capital Partners on its partnership with AEW Europe’s LOGISTIS funds as well as on the development of a logistic facility to be leased to Amazon. Umberto Borzi and Patrizia Liguti are recommended.

Leading individuals

Umberto Borzi - Chiomenti Studio Legale

Next generation lawyers

Patrizia Liguti - Chiomenti Studio Legale

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale is regularly instructed by large corporate companies facing financial troubles to structure innovative, complex transactions, particularly debt-to-equity swaps, but also assists investors with distressed assets. Giulia Battaglia advised BANCO BPM, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, MPS Capital Services - Banca per le Imprese, UBI Banca, and Banca Popolare di Sondrio on the restructuring of Premuda’s financial indebtedness. Antonio Tavella heads the team. Juri Bettinelli joined Allen & Overy - Studio Legale Associato in October 2017.

Next generation lawyers

Antonio Tavella - Chiomenti Studio Legale

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Tax
Tax - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legaleunderstands the economic rationale behind clients’ business’ and assists with corporate tax advisory work across the luxury and fashion, automotive and energy sectors; the group also exhibits expert knowledge in transfer pricing, private client matters, tax rulings and litigation. Other areas of strength include fund, venture capital and real estate sector tax-related matters. Paolo Giacometti advised Bank of America Merrill Lynch International on the tax aspects of its Italian operations’ restructuring. Massimo Antonini heads the practice, Raul-Angelo Papotti is ‘one of the best international tax lawyers in Italy’ and Marco Di Siena is ‘very precise’. Giuseppe Andrea Giannantonio and of counsel Giovanni Carpenzano are also key advisers.

Leading individuals

Massimo Antonini - Chiomenti Studio Legale

Next generation lawyers

Giovanni Carpenzano - Chiomenti Studio Legale

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Italy: Banking and finance

Bank regulatory
Banking and finance: bank regulatory - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale is highly rated for its assistance to banks, insurance companies, asset management companies and other financial institutions and often advises on regulatory aspects of M&A and finance transactions. The team assisted Banca d’Italia, the Italian banking regulator, with the sale of four bridge-banks, which included addressing the legal regime applied to claims for mis-selling of subordinated debt instruments. Alessandro Portolano and Vincenzo Troiano are highly regarded.

Leading individuals

Vincenzo Troiano - Chiomenti Studio Legale

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Borrower side
Banking and finance: borrower side - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale is highly rated for structured finance; asset finance; distressed finance and non-performing loans (NPLs); acquisition and leveraged finance; real estate finance; syndicated loans; and financial restructuring. The team advised SIA on a €500m facility agreement to finance the acquisition of UniCredit Business Integrated Solutions and UniCredit Business Integrated Solutions (Austria)’s electronic money-processing sector IT service businesses, as well as to grant a revolving facility for general corporate purposes. The key advisers are Giulia Battaglia, Carola Antonini, Luca Bonetti, Carmelo Raimondo and Antonio Tavella. Other recommended names are Gregorio Consoli, Francesco Ago and Giorgio Cappelli.

Leading individuals

Giulia Battaglia - Chiomenti Studio Legale

Next generation lawyers

Gregorio Consoli - Chiomenti Studio Legale

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Lender or arranger side
Banking and finance: lender or arranger side - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale is experienced in structured finance, asset finance, and distressed finance and NPLs; other areas of strength include acquisition, leveraged and real estate finance, syndicated loans, and financial restructuring. Giorgio Cappelli advised Natixis, Banca IMI, BNP Paribas, UniCredit, Unione di Banche Italiane and Banco Santander on a financing to Alba Bidco for its acquisition of Grandi Stazioni Retail’s share capital. Giulia Battaglia, Carola Antonini, Luca Bonetti, Carmelo Raimondo and Antonio Tavella are highly rated, as are Gregorio Consoli and Francesco Ago.

Leading individuals

Giulia Battaglia - Chiomenti Studio Legale

Next generation lawyers

Gregorio Consoli - Chiomenti Studio Legale

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Italy: Capital markets

Debt
Capital markets: debt - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale advises on EMTN and covered bonds programmes and has extensive experience advising on the issuance of corporate bonds in Italy; the group also advises issuers and subscribers of mini-bonds and assists with securitisation transactions. Highlights included advising UBI Banca, as issuer, on the annual update of a €15bn covered bond programme. Manfredi Vianini Tolomei, Giulia Battaglia, Carmelo Raimondo, Francesco Ago and Gregorio Consoli are all recommended.

Leading individuals

Francesco Ago - Chiomenti Studio Legale

Next generation lawyers

Gregorio Consoli - Chiomenti Studio Legale

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Equity
Capital markets: equity - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale is highly regarded for its expertise in privatisation deals, but is also highly adept at assisting with rights issues, public offerings and private placements to institutional investors of equity financial instruments. In recent work, the team advised Fininvest Finanziaria d’investimento on a private placement to qualified and institutional investors of Mediaset ordinary shares; and it acted for Coima Res in the listing of its ordinary shares on Mercato Telematico Azionario (MTA). Manfredi Vianini Tolomei, Federica Calmi, Enrico Giordano and senior associate Federico Amoroso are the key practitioners.

Leading individuals

Enrico Giordano - Chiomenti Studio Legale

Manfredi Vianini Tolomei - Chiomenti Studio Legale

Next generation lawyers

Federico Amoroso - Chiomenti Studio Legale

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Italy: Industry focus

Energy
Industry focus: energy - ranked: tier 3

Chiomenti Studio Legale

Chiomenti Studio Legale assisted FRI-EL Green Power with its partial voluntary tender offer for shares issued by Alerion Green Power, and advised EF Solare Italia on a purchase agreement with Solar Resources, which is part of Etrion, to acquire the entire corporate capital of Etrion and Helios, including 17 photovoltaic plants in Italy. Practice head Carola Antonini is recommended and administrative law specialist Filippo Brunetti is another name to note.

Leading individuals

Carola Antonini - Chiomenti Studio Legale

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Healthcare and life sciences
Other recommended firms - ranked: tier 1

Chiomenti Studio Legale

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Luxury goods
Industry focus: luxury goods - ranked: tier 1

Chiomenti Studio Legale

Chiomenti Studio Legale provides ‘high level’ expertise on commercial, IP, employment, product liability, corporate, finance, restructuring, competition and tax matters. The practice advises fashion brand Salvatore Ferragamo on e-commerce and franchising agreements and assisted Dolce & Gabbana with a number of contractual and legal matters, including the termination of agreements with the general manager. ‘Very bright’ labour expert Emanuele Barberis is the key contact.

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Manufacturing
Industry focus: manufacturing - ranked: tier 2

Chiomenti Studio Legale

Chiomenti Studio Legale assisted One Equity Partners with the acquisition of a significant minority shareholding in USCO, an Italy-based business operating in the manufacturing and distributing of spare and repair parts for earth-moving machines. Advising brass rods, copper strips, and special alloys producer Eredi Gnutti Metalli on the rescheduling of its financial indebtedness is another recent highlight. Luca Andrea Frignani is the key contact.

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Retail
Industry focus: retail - ranked: tier 3

Chiomenti Studio Legale

Chiomenti Studio Legale focuses on retail advice related to corporate and commercial, employment and real estate matters, administrative law, competition, financing, IP and tax. The client base includes N&W Global Vending and Investindustrial private equity fund. Corporate specialists Luigi Vaccaro and Carlo Croff are the key contacts.

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TMT
Industry focus: TMT - ranked: tier 3

Chiomenti Studio Legale

Chiomenti Studio Legale’s recent highlights include advising the national broadband operator Tiscali on the transfer of its broadband service Tiscali Business branch to Fastweb, and assisting Vivendi with the negotiation of a deal with Telecom Italia for the distribution of Studio+ audio-visual contents through mobile devices. Gilbeto Nava and senior associate Giulio Vecchi are recommended.

Leading individuals

Gilberto Nava - Chiomenti Studio Legale

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