The Legal 500

Latham & Watkins LLP

What we say about the firm's legal practice in Italy

Banking and finance

Within Banking and finance, Latham & Watkins LLP is a second tier firm,

Latham & Watkins LLP’s local department chair Riccardo Agostinelli is ‘extremely good and understands clients’ needs’. The team represented Autogrill in debt refinancing via two new credit facilities totalling €1.35bn. Andrea Novarese is global banking and finance practice group co-chair. Counsel Luca Lippolis is an experienced practitioner.

Capital markets

Within Debt, Latham & Watkins LLP is a third tier firm,

Latham & Watkins LLP represented Abengoa in its $650m senior notes issuance. Antonio Coletti is ‘able to solve problems’ and Jeffrey Lawlis has ‘good negotiation skills’. Andrea Novarese and Maria Cristina Storchi are well regarded, but the practice endured Michael Immordino’s departure to White & Case LLP.

Within Equity, Latham & Watkins LLP is a third tier firm,

Latham & Watkins LLP’s former partner Michael Immordino moved to help relaunch White & Case LLP’s Italy practice. Nonetheless, clients still praise the firm for ‘providing its services on both the Italian and the international side, thus allowing banks to have one law firm instead of two’. The practice represented joint bookrunners Centrobanca and Intermonte SIM on the AIM Italia listing of Made in Italy 1, the first Italian law SPAC admitted to list on the Italian market. Antonio Coletti is ‘recognised for his excellent preparation and track record’, and Jeffrey Lawlis and Maria Cristina Storchi are also experienced lawyers. Andrea Novarese is ‘excellent’.

Corporate and M&A: Milan and Rome

Within Corporate and M&A: Milan and Rome, Latham & Watkins LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP was counsel to Cima Claddings on the €600m sale of Permasteelisa to JS Group, and advised A2A in its negotiations with EDF regarding the possible industrial and corporate reorganisation of Edison. The team also acted for Wind Telecom in its $6.5bn merger with VimpelCom, creating one of the world’s largest mobile telecoms carriers. Roberto Casati heads the practice, which includes Roberto Bonsignore, Pietro Fioruzzi and Rome-based Giuseppe Scassellati-Sforzolini, who are recommended. Stefano Sciolla joined Latham & Watkins LLP’s Rome office.

Dispute resolution

Within Dispute resolution Other recommended firms

EU, regulatory and competition law

Within EU, regulatory and competition law, tier 5

Latham & Watkins LLP secured unconditional clearance for fertiliser company Agrium’s acquisition of Cerealtoscana. The team also advises on cartel investigations, abuse of dominance matters, state aids, sector inquiries, and damages actions. Milan and Brussels partner Matteo Bay is the key contact.

Energy

Within Energy, tier 4

Latham & Watkins LLP represented a pool of banks on financing granted to a state-owned company managing Verona’s integrated water supply system. Simone Monesi ‘knows his business’, and Tommaso Amirante and Andrea Novarese are also well respected.

Legal market overview

Within Legal market overview,

Other significant news for the Italian legal market was White & Case LLP’s return, following its exit in late 2008; Michael Immordino was joined by Nicolas Lasanga from Latham & Watkins LLP and Ferigo Foscari from Chiomenti Studio Legale. Gianni, Origoni, Grippo & Partners recruited M&A expert Roberto Cappelli and a ten-lawyer team from Grimaldi e Associati in December 2011, prompting Cappelli’s new firm to amend its name to Gianni, Origoni, Grippo, Cappelli & Partners and leading to Grimaldi e Associati’s dissolution.

Real estate

Within Real estate, tier 4

Latham & Watkins LLP recently represented Orion Capital Managers in acquiring from Foruminvest a 50% stake in the Mongolfiera Molfetta shopping centre near Bari.

Restructuring and insolvency

Within Restructuring and insolvency, Latham & Watkins LLP is a third tier firm,

Latham & Watkins LLP represented a pool of banks headed by Banca Popolare di Verona – San Geminiano e San Prospero on the debt restructuring and new financing of Agorà 2000, a group predominantly operating in the real estate market.


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