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Clifford Chance

VIA BROLETTO, 16, 20121 MILANO, ITALY
Tel:
Work +39 02 806 341
Email:
Web:
www.cliffordchance.com

Italy

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

Clifford Chance

Clifford Chance¬†provides ‚Äėclear and complete opinions, which rarely need to be reviewed‚Äô. The team regularly acts for public and private companies including RAI and Enel under the leadership of Aristide Police¬†and counsel Filippo Degni¬†and is active in contentious and non-contentious matters arising from public tender procedures. Police also frequently advises domestic and international companies on various public law matters: he assisted the Lixil Group with the public law aspects of the sale of Permasteelisa to Grandland Holdings, and advised Fastweb on the public procurement of telecoms¬†services.

Leading individuals

Aristide Police - Clifford Chance

Next generation lawyers

Filippo Degni - Clifford Chance

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

Clifford Chance

Clifford Chance regularly advises leading domestic and international clients, including Italian and international banks, as well as Italian-headquartered global funds and corporations. Lucio Bonavitacola led advice to a number of Italian entrepreneurs on the provision of cryptocurrency-related services and the set-up of ad hoc platforms for the exchange of cryptocurrencies and tokens. Gioacchino Foti was promoted to partner and Riccardo Coassin and Alberto Claretta Assandri are key senior associates.

Leading individuals

Lucio Bonavitacola - Clifford Chance

Next generation lawyers

Gioacchino Foti - Clifford Chance

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

Clifford Chance

Clifford Chance advises large domestic and international groups, arrangers and financing banks on finance transactions such as investment grade, acquisition finance, syndicated loans, bonds and debt restructuring. Charles Adams co-heads the finance and capital markets practice alongside Filippo Emanuele, and Giuseppe De Palma is managing partner for Italy. Adams and De Palma advised Leonardo (formerly named Finmeccanica) on the renegotiation and signing of new revolving credit facilities with a pool of domestic and international banks. Ferdinando Poscio and counsel Francesca Cuzzocrea are also names to note.

Leading individuals

Charles Adams - Clifford Chance

Giuseppe De Palma - Clifford Chance

Next generation lawyers

Francesca Cuzzocrea - Clifford Chance

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Banking and finance: lender or arranger side
Banking and finance: lender or arranger side - ranked: tier 1

Clifford Chance

Clifford Chance is at the forefront of leveraged and bank financing for arrangers and lenders, the syndication of real estate loans, and international project financing involving Italian sponsors and Sace (the Italian export credit agency). The team advised the arrangers, Intesa Sanpaolo-Banca IMI, Mediobanca and UniCredit, on a financing related to the takeover bid for masts group EI Towers. Charles Adams co-heads the finance and capital markets practice alongside Filippo Emanuele, and Giuseppe De Palma is managing partner for Italy. Ferdinando Poscio and counsel Francesca Cuzzocrea are also names to note, while Pasquale Bifulco, David Neu, Chiara Commis, Isabella Costelloe and Filippo Tassoni are key senior associates.

Leading individuals

Charles Adams - Clifford Chance

Giuseppe De Palma - Clifford Chance

Next generation lawyers

David Neu - Clifford Chance

Francesca Cuzzocrea - Clifford Chance

Pasquale Bifulco - Clifford Chance

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Capital markets: Debt
Capital markets: Debt - ranked: tier 1

Clifford Chance

Clifford Chance's team is 'professional, thorough, easy to work with and good value for money'; it plays a leading role in the market's most significant debt capital market and securitisation transactions. The practice advised Intesa Sanpaolo on the tender offer and acquisition of government-guaranteed senior notes, which were issued in 2017 by former Venetian Banks, Banca Popolare di Vicenza and Veneto Banca. Co-head of the Italian finance and capital markets practice Filippo Emanuele and recently promoted partner Gioacchino Foti 'provide excellent product and market knowledge'; the 'always available and quick to answer' Tanja Svetina is responsible for the structured finance and securitisation team; Lucio Bonavitacola leads the regulatory team; and counsel Laura Scaglioni has specific expertise in US law. The senior associates to note are Luca Baroni, Alice Reali and recently promoted Jonathan Astbury. Former counsel Massimiliano Bianchi left for Studio Legale Tributario in Association with Ernst & Young.

Leading individuals

Filippo Emanuele - Clifford Chance

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Capital markets: Equity
Capital markets: Equity - ranked: tier 1

Clifford Chance

Clifford Chance¬†advises on¬†prominent equity capital markets (ECM)¬†transactions, including¬†major IPOs in Italy and high-profile¬†capital raisings. Other areas of strength are¬†rights issues, exchangeable and convertible bonds, and block trades The practice advised the joint global coordinators and joint bookrunners on the¬†IPO and admission to listing of Pirelli on the MTA market; it also assisted Banca Carige with¬†its ‚ā¨1bn¬†capital strengthening plan, including a ‚ā¨560m capital increase.¬†Filippo Emanuele¬†co-heads the finance and capital markets practice and¬†Alberta Figari¬†and Paolo Sersale¬†are also key advisers. Laura Scaglioni¬†is a highly regarded counsel and Stefano Parrocchetti¬†is an experienced senior associate.

Leading individuals

Alberta Figari - Clifford Chance

Filippo Emanuele - Clifford Chance

Next generation lawyers

Laura Scaglioni  - Clifford Chance

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Clifford Chance

Clifford Chance's recent experience includes corporate and M&A head Paolo Sersale, Umberto Penco Salvi and counsel Filippo Isacco advising Japan-headquartered global housing and building entity Lixil Group Corporation on the sale of Permasteelisa, a global contractor in the engineering, project management, manufacturing, and installation of curtain walls and interior systems; Claudio Cerabolini advising ITV Studios, the TV production division of ITV, on the acquisition of a 51 per cent stake in Cattleya, a major independent producer in Italy; and Alberta Figari acting for Banca Ifis on the acquisition of a majority stake in Credifarma, which specialises in pharmacy lending. The senior associate to note is Francesca Casini.

Leading individuals

Paolo Sersale - Clifford Chance

Next generation lawyers

Filippo Isacco - Clifford Chance

Francesca Casini - Clifford Chance

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Compliance
Compliance - ranked: tier 2

Clifford Chance

Led by Antonio Golino, Clifford Chance's compliance group is part of the regulatory investigations and financial crimes team in Italy. It is experienced in criminal defence and regulatory enforcement as well as the design, implementation, and execution of compliance programmes, particularly systems and controls to prevent criminal offences. Counsel Jean-Paule Castagno specialises in regulatory investigations and financial crimes.

Leading individuals

Antonio Golino - Clifford Chance

Next generation lawyers

Jean-Paule Castagno - Clifford Chance

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Dispute resolution
Dispute resolution - ranked: tier 2

Clifford Chance

Corporate, financial and antitrust matters are the mainstays of Clifford Chance’s dispute resolution practice, as well as civil and criminal law issues. Head of team Fabio Guastadisegni and Carlo Felice Giampaolino represented Elipso Finance in the arbitration against Banca Monte dei Paschi di Siena regarding an alleged breach of guarantees connected to the selling of financial receivables; Antonio Golino and Jean-Paule Castagno are acting as counsel of record for the former managers of Seat Pagine Gialle and Permira in a criminal investigation concerning an alleged bankruptcy fraud.

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EU and competition law
EU and competition law - ranked: tier 2

Clifford Chance

The highly recommended Luciano Di Via leads the EU and competition team at Clifford Chance and is often involved in M&A-related matters; he recently advised Eolo on the antitrust aspects of the sale of a 49% stake of its business to global private investment firm Searchlight Capital Partners and acted for Arcaplanet on the acquisition of Mondial Pet Distribution. On the contentious side, he represented Autogas in proceedings opened by the ICA alleging unfair commercial practices and handled the subsequent appeal before Lazio's first instance administrative court.

Leading individuals

Luciano Di Via - Clifford Chance

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Employment
Employment - ranked: tier 3

Clifford Chance

Led by Simonetta Candela, Clifford Chance's team regularly advises clients on compliance and regulatory-related matters, including GDPR implementation, internal investigations, whistleblowing policies, remuneration policies in the banking and financial services sectors and employee claims. The team also assists international clients with the reorganisation of their business in anticipation of Brexit and with M&A-related employment issues.

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Industry focus: Energy
Industry focus: Energy - ranked: tier 3

Clifford Chance

Clifford Chance's energy team¬†has expertise in corporate and M&A, project development and real estate. Recent highlights include assisting¬†Energetick√Ĺ a PrŇĮmyslov√Ĺ Holding with its acquisition of two biomass power plants from Biomasse Italia and Biomasse Crotone.¬†Umberto Penco Salvi¬†is a key contact.

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Intellectual property
Intellectual property - ranked: tier 4

Clifford Chance

The majority of Clifford Chance’s work revolves around the IT and technology sectors, but the team also has the capabilities to handle the full gamut of intellectual property matters. In a contentious matter, the group represented the Arvedi Group in the dispute brought by Danieli & C. Officine Meccaniche regarding Arvedi’s patents for ISP and ESP technologies. Other clients include Mazars, Hearst Magazine and Liquigas. Monica Riva joined Legance - Avvocati Associati as senior counsel in 2019.

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Investment funds
Investment funds - ranked: tier 3

Clifford Chance

Clifford Chance has a long track record of advising on UCITS' products and AIFMD investment vehicles, including private equity. Head of the funds and regulatory groups Lucio Bonavitacola acted for Cromwell Investment Services on the establishment of two Italian funds that focus on residential and commercial real estate;  Alberto Claretta Assandri is an experienced senior associate.

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Private equity
Private equity - ranked: tier 2

Clifford Chance

Enjoying close relationships with leading PE houses, Clifford Chance handles large, high-profile PE deals. Recent matters include Italy PE head Claudio Cerabolini, Paolo Sersale and counsel Filippo Isacco advising Ergo Previdenza, an insurance company controlled by Gruppo Assicurativo Flavia (owned by international private equity firm Cinven), on the acquisition of Italian life insurance company Eurovita (controlled by private investment firm JC Flowers). Other key contacts are Alberta Figari and senior associate Jacopo Garonna.

Leading individuals

Claudio Cerabolini  - Clifford Chance

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Real estate and construction
Real estate and construction - ranked: tier 3

Clifford Chance

Clifford Chance¬†advises financial institutions, investment funds and clients in the retail and hotel sectors on real estate transactions, establishment of funds and financing, as well as on real estate-related taxation and regulatory issues. The ‚Äėproductive‚Äô team, which is led by Claudio Cerabolini,¬†is ‚Äėeasy to work with‚Äô; it recently acted for the Cromwell European Real Estate Investment Trust on the purchase of 14 properties in Italy for ‚ā¨400m in the context of the creation of a pan-European diversified portfolio, and advised the financiers on the establishment of a real estate fixed-capital investment society by an Italian property developer.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Clifford Chance

Clifford Chance advises on high-profile restructurings, distress refinancing and insolvency-related transactions. Carlo Felice Giampaolino handled a restructuring and insolvency proceedings for Rome’s municipal transport company Atac. The other recommended names are Italy managing partner Giuseppe De Palma and Italian litigation practice head Fabio Guastadisegni, along with Charles Adams, Ferdinando Poscio and counsel Francesca Cuzzocrea.

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Tax
Tax - ranked: tier 3

Clifford Chance

Clifford Chance 'addresses matters effectively'. Its areas of expertise include the tax aspects of M&A and restructuring, financial markets and real estate as well as corporate taxation, EU and international tax law, litigation, transfer pricing and indirect taxation. The practice advised Goldman Sachs International on its dealings with the Italian tax authorities in relation to the acquisition of a portfolio of leasing performing loans from Hypo Alpe-Adria- Bank. Practice head Carlo Galli  is 'very knowledgeable'; the senior associates to note are Sara Mancinelli and the 'efficient and skilled' Andrea Sgrilli, the latter recently promoted. Former counsel Marco Palanca left for Simmons & Simmons.

Leading individuals

Carlo Galli - Clifford Chance

Next generation lawyers

Sara Mancinelli - Clifford Chance

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