Banking and finance: Bank regulatory in Italy

BonelliErede

BonelliErede's financial regulatory department was founded in 2006 by Giuseppe Rumi, whose broad practice includes banking and insurance regulations. It houses a dedicated investigation practice that focuses on potential civil, criminal and administrative liabilities within banks and supervised entities; clients also benefit from the firm's sophisticated AI software (licensed by the firm) and IT devices. Federico Vezzani has a particular focus on supervisory and regulatory matters that relate to banks, asset managers, and Italian and international financial intermediaries. Andrea Savigliano is an experienced managing associate.

Practice head(s):

Federico Vezzani

Other key lawyers:

Giuseppe Rumi; Andrea Savigliano; Giulio Vece

Key clients

Banca IFIS S.p.A.

Supervised entities belonging to the Banca IFIS group

Banca IMI

Crédit Agricole Corporate and Investment Bank

Crédit Agricole Italia S.p.A.

doValue S.p.A. (formerly doValue S.p.A.)

Supervised entities belonging to the Banca IFIS group

Fide S.p.A.

FNM

Fondo Interbancario di Tutela dei Depositi

ING Bank N.V.

Italfondiario S.p.A

Milanosesto

Terna S.p.A.

Unicredit S.p.A.

Work highlights

  • Assisted the promoters with the regulatory issues surrounding the establishment of a fintech bank.
  • Advised FITD on the regulatory aspects of a capital strengthening, the transformation from a co-operative lender to a joint stock company, and a de-risking transaction of Banca Popolare di Bari (In Special Administration).

Chiomenti

Chiomenti's regulatory team, which includes former Bank of Italy employees, is highly experienced in the regulatory framework of banks, investment firms, asset managers, insurance companies and payment institutions. 'Able to understand the needs of businesses', Alessandro Portolano's experience includes assistance with both ordinary and extraordinary transactions, proceedings before the Italian and European regulators, structuring of business models, and entry into new markets. Also key to the group are experienced partner Vincenzo Troiano, and recently promoted managing counsels Gabriele Buratti and Felice Azzollini.

Practice head(s):

Alessandro Portolano

Other key lawyers:

Vincenzo Troiano; Gabriele Buratti; Felice Azzollini

Testimonials

Top-level track record in banking regulation.

The team is prepared and has primary experience in the banking regulation sector.

Alessandro Portolano is competent and able to understand the needs of businesses.

Alessandro Portolano is exceptional – much more user friendly than other lawyers, and really knows his stuff. Our clients appreciate his advice.

Vincenzo Troiano is an excellent professional with great experience.

Key clients

Credit Suisse

Banca Generali

Intesa Sanpaolo

ING Bank – Milan branch

State Street Bank GmbH – Milan Branch

BPER Banca

Credito Fondiario S.p.A.

Tink AB

State Street

finleap

Work highlights

  • Advised Banca Generali on the establishment of a joint venture with Saxo Bank.
  • Advised Credito Fondiario on the separation of its banking business from a business that is dedicated to NPL servicing and investment.
  • Advised BPER Banca on a complex transaction involving the increase of its share capital through a public offer, which included regulatory issues.

Bird & Bird

With a strong track record in financial sector-related regulatory issues, Bird & Bird's Italy team acts for leading banks, asset managers and insurance companies. Raimondo Maggiore heads the Italian banking and financial markets regulation team, while Stefano Febbi co-heads the international financial services group. Rossella Sansone is also a regulatory expert; and of counsel Giuseppe D’Agostino joined in 2020 from CONSOB (where he was deputy director) as co-head of the international finance and financial regulation practice.

Practice head(s):

Raimondo Maggiore; Stefano Febbi; Rossella Sansone

Other key lawyers:

Giuseppe D’Agostino; Diego Bobbo; Diego Cefaro

Key clients

Allianz Bank Financial Advisors S.p.A.

AXA Investment Managers Italia Sim Spa

Banca Agricola Popolare di Ragusa S.c.p.A.

Banca Carige S.p.A.

Banca Consulia S.p.A.

Banca di Bologna Credito Cooperativo – Società Cooperativa

Banca FarmaFactoring S.p.A.

Banca Popolare di Lajatico S.c.p.A.

Banca Popolare di Puglia e Basilicata S.c.p.A.

Banca Popolare Pugliese S.c.p.A.

BMW Bank GMBH – Succursale Italiana

BPER Banca S.p.A.

CheBanca! S.p.A.

Crédit Agricole Italia S.p.A.

Credito Emiliano – CREDEM

Credito Fondiario S.p.A.

Europa Risorse S.G.R. S.p.A.

Gruppo Bancario Cooperativo ICCREA

Gruppo Bancario Intesa Sanpaolo

Gruppo Bancario Mediolanum

Illimity Bank S.p.A.

ING Bank S.V.

Mastercard Europe S.A.

Natixis SA – Succursale Italiana

Nexi Payment S.p.A.

Pictet & Cie (Europe) S.A.

Polis Fondi S.G.R.p.A.

SACE S.p.A.

Sella Group

Work highlights

  • Assisted the ICCREA Group on the negotiation of a complex service agreement with BlackRock, which concerned the use of BlackRock’s innovative platform by ICCREA.
  • Advised three co-operative banks in Italy on the planning and management of ordinary and extraordinary shareholders’ meetings during the 2020 Covid-19 lockdown.
  • Advised the Mediolanum group (including asset managers and insurance companies) on multiple issues relating to the provision of investment services and distribution of insurance products.

Clifford Chance

Clifford Chance's banking and financial regulations specialist Lucio Bonavitacola heads up the firm's Italian regulatory team; Bonavitacola is in regular contact with Italy's regulatory bodies, the Bank of Italy and The Commissione Nazionale per le Società e la Borsa (CONSOB), the public authority responsible for regulating the Italian securities market. Gioacchino Foti is a banking, financial regulations and capital markets expert, while Alberto Claretta Assandri is the senior associate to note.

Practice head(s):

Lucio Bonavitacola

Other key lawyers:

Gioacchino Foti; Alberto Claretta Assandri

Hogan Lovells International LLP

Hogan Lovells International LLP's Italy team assists domestic and foreign banks, financial intermediaries, and payment and e-money institutions with banking and payment services, financing activities, anti-money laundering, consumer credit, and banking transparency requirements. Particularly focused on the authorisation, distribution and regulatory aspects of financial entities (as well as regulatory inspections), Jeffrey Greenbaum heads the Italian financial services and asset management team. At senior associate level, Claudia Colomba and the 'solutions-orientedElisabetta Zeppieri have broad regulatory experience.

Practice head(s):

Jeffrey Greenbaum

Other key lawyers:

Claudia Colomba; Elisabetta Zeppieri

Testimonials

Great ability to have excellent relations with clients and other stakeholders.

The team at Hogan Lovells demonstrates critical thinking, commitment and dependability on a daily basis.

We have worked with members of various teams and they all stand out for their considerable and valuable expertise in fields like fintech, payment services, TMT, blockchain and corporate law.

The overall client experience provided by Hogan Lovells is genuinely second to none. They are definitely not afraid to go the extra mile.’

The team’s knowledge and practical advice, its experience and interaction with the regulatory bodies are second to none.

I worked primarily with Jeffrey Greenbaum and Elisabetta Zeppieri and both have been standout in their support, availability and interaction in relation to complex and often time-pressured matters.

‘Senior associate Elisabetta Zeppieri has extensive knowledge and broad experience in advising on banking and finance regulatory issues. Her proactive and solutions-oriented approach is only paralleled by the value she brings as a dedicated and proficient lawyer. Elisabetta always makes sure that we feel like she is part of our in-house legal department.

Simmons & Simmons

Simmons & Simmons' Italian financial services regulatory practice acts for brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and insurance and life assurance companies. The practice covers the Financial Services and Markets Act 2000 (FSMA) and relevant EU legislation, strategic regulatory issues, investigations, disputes and disciplinary matters, derivatives, and commodity trading. Romeo Battigaglia leads the Italian financial services regulation group, while Maria Giusy Naccarato is an experienced of counsel.

Practice head(s):

Romeo Battigaglia

Other key lawyers:

Maria Giusy Naccarato

Testimonials

The firm is equipped with highly skilled professionals of international standing who are highly specialised.

Great for its ability to provide innovative solutions quickly, and for its prompt and always relevant, frank and unconditional support and strategic sensitivity.

It stands out from other more cumbersome and traditional and less responsive firms.

Romeo Battigaglia is a professional who is always personally present on matters, but at the same time able to delegate effectively and to involve other colleagues of the firm according to the professionalism required.

Maria Giusy Naccarato is very technically capable and responsive.

Key clients

Allianz Global Investors

Blackstone

Deutsche Bank

Jupiter

Schroders

Vanguard

UniCredit

Rede & Partners

BlueBay Asset Management LLP

Work highlights

  • Assisted with obtaining a banking and MiFID cross-border license to continue acting from London into Italy, after the end of the BREXIT transition period.
  • Assisted with obtaining a MiFID cross-border license to continue acting from London into Italy, after the end of the BREXIT transition period.
  • Assisted with obtaining a MiFID cross-border license to continue acting from London into Italy, after the end of the BREXIT transition period.

CMS

'Available and attentive to clients' needs', CMS' team is experienced in the regulatory aspects of investment services, asset management activities, insurance, and financial and payment services. Paolo Bonolis has approximately 20 years’ regulatory experience, and is supported by experienced partner Massimo Trentino, of counsel Andrea Arcangeli and counsel Maria Giovanna Pisani.

Practice head(s):

Paolo Bonolis

Other key lawyers:

Massimo Trentino; Andrea Arcangeli; Maria Giovanna Pisani

Testimonials

Available and attentive to clients’ needs.

Key clients

Bank Leumi

Quantessence Financial Limited

IM Global Partners

FNZ (UK) Ltd

Legal & General – Investment Management

Deutsche Leasing

FCE Bank

CMC Markets

Macquarie

Aberdeen Group

Six Payment Services

Commerzbank AG

Aareal Bank AG

ENett

JCI Capital Limited

Classis Capital

Banca Transilvania SA

81 SCF Family Office

Work highlights

  • Advised Oval Money on the opening of a branch in Italy.
  • Advised CMC Markets UK on the regulatory aspects surrounding its provision of investment services in Italy.
  • Advised Six Payment Services’ Italian branch on the regulatory aspects surrounding its day-to-day activities.

Dentons

'Respected for its competence, professionalism and organisational skills', Dentons' Italy practice team assists banks, financial intermediaries, insurers, financial firms, asset managers, pension funds and fintech companies with regulatory matters. Alessandro Engst is the Italy financial services head, while Alessandro Fosco Fagotto leads the Italy banking and finance practice. Former partner Michele Odello joined EY Law.

Practice head(s):

Alessandro Engst; Alessandro Fosco Fagotto

Other key lawyers:

Valerio Lemma; Lorenzo Toppini

Testimonials

A very reliable team with high-level skills.

Respected for its competence, professionalism and organisational skills.

Experienced, with the ability to manage legal-contractual and regulatory matters with a multi-jurisdictional approach.

Ability to understand different business areas and the consequent needs of clients, also taking into consideration the supervisory authorities’ guidelines.

What distinguishes Dentons’ practice in this area is the quality of Alessandro Engst and his team. In addition to being very prepared, they stand out for their efficiency, proactiveness and highly collaborative spirit.

Alessandro Engst demonstrates extraordinary ability and passion.

‘Alessandro Engst represents excellent value at both professional and personal levels.’

Key clients

Mediobanca

Intesa Sanpaolo

Banco BPM

IBL Banca

Banca IMI

Zurich

UnipolSai

AXA

Fidelity Investments

UniCredit

Cassa depositi e presititi

Eurizon Capital SGR

Stewart Title

BPM Vita

BPM Assicurazioni

Poste Vita

Fondo Pensione COMETA

Work highlights

  • Advised on regulatory aspects and financial services agreements that concerned the provision of access to the real estate trophy assets market for ultra-high-net-worth clients.
  • Advised in connection with a regulatory project concerning derivatives, repo and stock lending transactions, which involved over 50 jurisdictions.
  • Assisted with reviewing a contractual framework and internal procedures, in relation to the provision of investment services.

DLA Piper

DLA Piper's financial services team is highly regarded for its regulatory expertise. Agostino Papa consistently acts for asset management companies, banks, financial intermediaries, investment firms, insurance companies and banking foundations; and Vincenzo La Malfa is 'always ready to provide high-level assistance'. Of counsel Danilo Quattrocchi provides a full range of regulatory advice.

Practice head(s):

Agostino Papa

Other key lawyers:

Vincenzo La Malfa; Danilo Quattrocchi;

Testimonials

The firm has the ability to offer 360-degree advice and to co-ordinate  different teams in a unique way.

The professionals are of primary standing and with in-depth preparation in every sector.

Professionalism, competence and being up to date are the unique traits that struck me about DLA Piper.

Vincenzo la Malfa has a unique commercial approach and is always ready to provide high-level assistance.

I particularly appreciate the lawyer Danilo Quattrocchi, a leading professional in the field who is always available for discussion and who is very flexible.

Key clients

Alkemia Capital Partners SGR S.p.A.

Assicurazioni Generali S.p.A.

Azimut Libera Impresa SGR S.p.A.

Banca Generali S.p.A.

Banca IFIS S.p.A.

Banca PSA Italia S.p.A.

CREDEM Private Equity SGR S.p.A.

CDP Venture Capital SGR S.p.A.

Commerzbank AG Milan Branch

Intesa Sanpaolo S.p.A.

Project Oil Limited

Banca Sistema S.p.A.

Prometeia Advisor SIM S.p.A.

RCI Banque SA (Italian Branch)

MPS Capital Services Banca per le Imprese S.p.A.

BancoBPM S.p.A.

Banca Nazionale del Lavoro S.p.A.

Work highlights

  • Assisted with a large project aimed at offering time deposit products in Germany through the Raisin web platform, which involved the analysis of Italian and German legal and regulatory issues.
  • Advised Banca Generali on the acquisition and subsequent merger of Nextam Partners Group, which involved regulatory issues.
  • Assisted Banca Sistema with the acquisition from Intesa Sanpaolo of business units, which related to local agencies, contracts and employees for pawn credit financial activities carried out in Italy.

FIVELEX Studio Legale e Tributario

FIVELEX Studio Legale acts for banks, management companies, investment firms, family offices, financial advisory firms, and insurance and trust companies on regulatory matters. Edoardo Guffanti and Francesco Di Carlo are experienced partners, while Mara Fittipaldi joined from BonelliEredeFlavio Acerbi was made salary partner, and Letizia D’Abramo is an experienced senior associate. Former salary partner Matteo Catenacci joined Eversheds Sutherland Associazione Professionale.

Practice head(s):

Francesco Di Carlo; Mara Fittipaldi; Edoardo Guffanti

Other key lawyers:

Flavio Acerbi; Letizia D’Abramo; Debora Gobbo

Testimonials

Excellent knowledge of the market and the applicable regulations.

Great experience and consolidated relations with the supervisory authorities.

The firm is always always up to date on the authorities’ regulatory news and guidelines.

Pays great attention to its clients and delivers prompt responses.

Francesco Di Carlo is a serious, respected professional who has great knowledge of the market.

Edoardo Guffanti has such a professional and broad vision of the financial sector that his advice becomes immediately operational.

Flavio Acerbi has excellent technical knowledge.

Senior associate Letizia D ‘Abramo has great experience in regulatory matters.

Key clients

Alkimis SGR

Amaranto SIM

Amber Group

Assicurazioni Generali Group

Banca Generali

Banca Mediolanum

Banca PSA

Banca Sella

Banco BPM

Banque Cramer & CIE

BNP Paribas (Suisse)

Cassa Lombarda

Consultinvest Group

Cornèr Banca SA

Credem Group

DeA Capital Alternative Funds

Decalia SIM S.p.A

Edmond de Rothshild

EFG International

Equita Group

Ersel Group

Facile.it Broker di Assicurazioni S.p.A.

Four Partners Advisory SCF

Global Capital

Goldman Sachs International

Green Stone SICAF

Gruppo Bastogi S.p.A.

Hedge Invest SGR

Illimity S.p.A.

Julius Bear Group (Banca Julius Bear & Co)

Kairos Group (Kairos Partners SGR)

LGT Group

Lloyds Banking Group (Scottish Widows)

Milano Investment Partners

PKB Privatebank Group

Real Step SICAF

Saxo Bank (Schweiz) AG

Squircle Capital

United Ventures SGR

Vontobel Group

Xenon AIFM SA

Work highlights

  • Advised Assicurazioni Generali and Banca Generali on the setting up of an infra-group database to share information for AML and combating terrorism financing purposes.
  • Advised Gruppo Bastogi on structuring, negotiating and closing a financing transaction.
  • Assisted RealStep with a complex financing transaction involving a mortgage loan.

Gianni & Origoni

Gianni & Origoni fields specialists in the regulation of financial services, pension funds and investment funds, banking and insurance, as well as share and other investment offerings. The names to note in Italy are Paolo Bordi and Emanuele Grippo, while financial market regulations expert Marco Zaccagnini works from the firm's London office.

Practice head(s):

Paolo Bordi; Emanuele Grippo; Marco Zaccagnini

Other key lawyers:

Raffaele Sansone

Testimonials

Strong expertise in the sector and very structured teams.

An excellent firm that has a great competitive advantage due to its international network, which allows the management of complex transactions in different jurisdictions.

Professionals who respect the guidelines and the initial deadlines.

They proved courteous and available to discuss issues according to the timetable required by the client.

‘A firm that is capable of assisting the client at a 360-degree level.

The regulatory team is very prepared and able to grasp the practical aspects of the issues raised by clients. Memoranda, even complex ones, are drawn up clearly and within the required timing.

Emanuele Grippo has excellent regulatory skills; he always manages to grasp the underlying practical aspects and propose the best solution for the client, in full compliance with the regulations.

Key clients

Advance SIM

Capital Dynamics SGR S.p.A.

Neuberger Berman

Allianz Bank

Arcadia SGR S.p.A.

Banco Santander, S.A. Milan

Candriam Investors Group

BlackRock

Capital International Limited

Cerved Master Services S.p.A.

Credit Suisse

Deposit Solution

Fideuram S.p.A.

FinecoBank S.p.A.

GAM (Italia) SGR S.p.A.

Goldman Sachs

Grosvenor Capital Management

Lombard Odier

Partners Group Limited

Pirelli & C. S.p.A.

Poste Italiane S.p.A., Società con socio unico, Patrimonio BancoPosta

Robeco

UniCredit S.p.A.

DeA Capital S.p.A.

Arrow Global Group

Banca Sella

LGT Capital Partners

Banco BPM

Aviva

Work highlights

  • Assisted DeA Capital with a series of agreements with Quaestio Group and its main shareholders.
  • Provides Banco Santander with ongoing assistance, in relation to AML and combating terrorism financing issues, as well as in relation to market abuse regulation.
  • Advised Deposit Solution, a new fintech player, on an innovative banking platform dedicated to banking and retail clients.

Legance - Avvocati Associati

Legance - Avvocati Associati's financial intermediaries regulation department, headed by Marco Penna, is highly specialised in the regulatory aspects of the banking, financial and insurance sectors. Senior partner-level support is provided by Andrea Giannelli and Gian Paolo Tagariello, while managing associate Giovanna Tassitano and senior associate Giuseppe Alessandro are also key to the group.

Practice head(s):

Andrea Giannelli; Marco Penna; Gian Paolo Tagariello

Other key lawyers:

Giovanna Tassitano; Giuseppe Alessandro

Testimonials

Primary track record in structured finance transactions in the NPL sector.

Great for professionalism, expertise and responsiveness.

Andrea Giannelli has high levels of technical competence and an impeccable approach to this subject.

Marco Penna has been of outstanding support through his professionalism.

Key clients

Advent International

Associated Foreign Exchange Ltd.

AFEX Markets PLC

Agos Ducato

Apax Partners

Argo Finanziaria

Aviva

Banca Farmafactoring

Banca Finint

Banca Popolare di Milano

BPER Banca

CaCib

CBRE

Credito Fondiario

Dell

Elliott

Fiditalia

Finest

Fortress Investment Group

Illimity

Mediobanca

Nexi

Solution Bank

UniCredit

Venice Shipping Logistics

Work highlights

  • Advised Nexi on its agreement with Intesa Sanpaolo for the acquisition of its merchant acquiring business, as well as the agreement for the marketing and distribution of technological solutions by Intesa Sanpaolo.
  • Assisted BPER Banca with the acquisition of UnipolBanca’s share capital, as well as with the acquisition of a minority stake in Banco di Sardegna.
  • Assisted Banca Farmafactoring with the regulatory issues surrounding the acquisition from Equinova UK HoldCo of a controlling interest in DEPObank and the subsequent merger by incorporation of DEPObank into Banca Farmafactoring.

Osborne Clarke

Osborne Clarke's team in Italy is highly regarded for its financial services regulatory expertise in fintech, crowdfunding and other innovative financial products. Experienced in the regulation of emerging financial services instruments and platforms, Umberto Piattelli is Italian financial services regulatory team head; and senior associate Stefano Panzini focuses on matters involving fintech and alternative lenders.

Practice head(s):

Umberto Piattelli

Other key lawyers:

Stefano Panzini

Testimonials

Osborne & Clarke, despite being a firm of international importance, maintains a very high bar in terms of the service provided and satisfaction of clients’ requirements.

In addition to explaining the legislation and the reasons for their positions, their flexible and interested approach to entrepreneurial choices means they provide tailor-made advice.

OC is an outstanding firm. The whole team has deep knowledge of the regulatory issues and how to face them.

Their approach is extremely supportive.

The team is highly specialised and has professionals covering all areas; having more contact persons also allows them to speed up response times, so clients are not bound to a single professional.

The team has the aptitude for problem solving through specific expertise.

Umberto Piattelli is very competent in relation to fintech finance.

Umberto Piattelli is prepared, professional and helpful.

Key clients

WEX Europe Services Ltd

October SA

SharingRate

Treatwell IT S.r.l

Health Italia S.p.A

BLender Italia S.r.l

Work highlights

  • Advised SharingRate, an Italian start-up, on the creation of an Italian crowdfunding platform, which is dedicated to loans to employees.
  • Providing ongoing advice to an Italian peer-to-peer crowdfunding platform, in relation to the regulatory aspects of its business.

Pedersoli Studio Legale

Pedersoli Studio Legale's bank regulatory practice is part of the firm's financial institutions department, which also includes a particularly active investment funds practice. Heading up the bank regulatory practice, Alessandro Zappasodi is noted for ordinary and extraordinary transactions, as well as complex domestic and EU regulatory matters.

Practice head(s):

Alessandro Zappasodi

Other key lawyers:

Licia Mongiello

Key clients

Intesa Sanpaolo

FCA Bank

Banca di Asti

Fondazione Cassa di Risparmio di Asti

Compagnia di San Paolo

Equiter – Investimenti per il Territorio

Work highlights

  • Assisted the Intesa Sanpaolo Group with the regulatory side to a voluntary public exchange offer on Unione di Banche Italiane’s shares and an envisaged transfer to BPER Banca and UnipolSai Assicurazioni of a going concern.
  • Assisted Intesa Sanpaolo with the regulatory side to a partnership between Banca 5 and Sisal Group, which aims to offer banking products, as well as payment and transaction-oriented services in over 50,000 retail stores.
  • Assisted Fiat Chrysler Automobiles with the regulatory aspects of the renewal of a joint venture with Crédit Agricole Consumer Finance, which concerned FCA Bank.

Atrigna & Partners

Atrigna & Partners is a boutique law firm specialising in financial market regulation. Toni Atrigna advises on the regulatory rules governing markets, investment services and collective asset management activities; Alberto Manfroi is a financial markets specialist; and Dino Abate focuses on regulatory legislation concerning supervised intermediaries.

Practice head(s):

Toni Atrigna; Alberto Manfroi

Other key lawyers:

Dino Abate

Testimonials

High competence and knowledge of the banking and financial sector.

Knowledge of the internal needs of intermediaries, an element that is undoubtedly distinctive when compared to other law firms.

They make it possible to solve complex problems in a short time.

Its great levels of preparation make this firm unique, combined with the ability to understand business processes.

A very competent team that is always available.

Toni Atrigna has great technical competence and analytical skills.

Alberto Manfroi is rated for his solutions-oriented approach.

Alberto Manfroi and Dino Abate stand out for their high levels of competence in the banking and financial law sector, as well as their availability, reliability, respect for deadlines and constructive attitudes.

Key clients

Saxo Bank A/S

Nexi Payments SpA

Sorgente SGR

Banca Etruria SpA

Synergo SGR SpA

Rothschild Wealth Management Italy SIM SpA

Algebris LLP Milan Branch

Fenera & Partners SGR SpA

Unicredit SpA

Entangled SGR

Work highlights

  • Assisted Saxo Bank with the creation of a joint venture with Banca Generali.
  • Advised Fenera & Partners SGR on the regulatory issues surrounding the creation of a master feeder structure.
  • Advised Algebris LLP (Milan Branch) on compliance and AML matters.

Gattai, Minoli, Partners

Gattai, Minoli, Partners launched its financial regulations department in 2018, when Andrea Calvi joined from Studio Legale Galbiati, Sacchi e Associati. The hire expanded the firm's transactional expertise, which covers regulated entities, financial instruments and investments, and asset management and payment services.

Practice head(s):

Andrea Calvi

Other key lawyers:

Stefano Giavari

Key clients

Eurizon Capital SGR S.p.A.

TeamSystem Capital at Work SGR S.p.A.

TeamSystem Payments S.r.l.

Banca IMI

Klarna Bank AB

Siguler Guff & Partners LP

Legal & General Investment Management Ltd.

Intesa SanPaolo Private Banking S.p.A.

Kyma Investment Partners SGR S.p.A.

Visa

Saxo Bank A/S

Work highlights

  • Advised Eurizon Capital SGR on various complex regulatory matters.
  • Advised LGIM on the establishment of its Milan branch.
  • Advised VISA on the provision of banking and payment services, in relation to Vatican legislation.

GIM Legal

Founded in late 2017, GIM Legal fields specialists in financial services, as well as investment and real estate investment funds. Founding partner Luigi Rizzi is a former CONSOB regulator, who has over 20 years' experience and 'recognised skills' in the financial services industry.

Practice head(s):

Luigi Rizzi

Other key lawyers:

Sergio Beretta; Marco Corica; Miranda Manenti

Testimonials

In addition to the undisputed skills of the team, it is worth noting the important presence of competent and very senior professionals, which we do not always find in law firms.

Great for attention to detail, solidity and appropriate response times, in addition to their indisputable knowledge of the subject.

Luigi Rizzi is a real leader, not only for his recognised skills but also for his management of work teams and counterparties. It is also nice to see junior professionals grow with a guide who is so attentive to their professional training.

Key clients

A.M.U. Investments SIM

Assiteca SIM

Banca Promos

Consultique

Dea Capital SGR

Depaho Ltd

Groupama SGR

iAM Capital Ltd

Illiquidx Limited

Invesco Group

Kervis SGR

Main Capital SGR

Mediobanca SGR

Mikro Kapital Sarl

Olidata

Pairstech Capital Management Plc

Sagitta SGR

Wood Financial Services

Work highlights

  • Advised Illiquidx, a London-based financial services boutique, on the authorisation procedure for the opening of a branch in Italy.
  • Assisted Naxos Sca, a Luxembourg fund and bondholder of a bond issued by Aedes Siiq, with finance regulatory issues, which involved calling a shareholders’ meeting to appoint a new bondholders’ representative.
  • Instructed by a Luxembourg issuer to provide advice on the marketing in Italy of a new product (managed by  Liechtenstein-based asset manager Bendura Fund Management), and involving the CONSOB authorisation process.

Studio Lener & Partners

Studio Lener & Partners is a boutique corporate and financial services firm that was founded in late 2018 by Raffaele Lener, formerly of Freshfields Bruckhaus Deringer. The practice specialises in the whole range of financial services regulation, including contentious and restructuring matters.

Practice head(s):

Raffaele Lener

Other key lawyers:

Grazia Bonante; Sonia Locantore

Testimonials

Great mix of in-depth knowledge of commercial and bankruptcy law with banking and insurance law.

Fantastic ability to negotiate on behalf of the client.

Full availability with brilliant problem-solving skills.

This efficient team has impressive availability and a strong collaborative spirit.

Raffaele Lener has the ability to grasp clients’ needs and incorporate them into the negotiation dynamics.

Raffaele Lener has deep knowledge of financial institutions and regulators.

Key clients

Banca Carige S.p.A.

Banca del Fucino S.p.A.

Illimity Bank S.p.A.

JP Morgan Chase & Co

London Stock Exchange Group

Borsa Italiana S.p.A.

Cassa di Compensazione e Garanzia S.P.A.

Oaktree Capital management

The Royal Bank of Canada

Credit Suisse Italy

Work highlights

  • Assissted Banca Carige with the regulatory issues surrounding its restructuring.
  • Advised Igea Banca on the regulatory aspects of its acquisition of Banca del Fucino.
  • Advised the London Stock Exchange Group on Italian regulatory issues.

Linklaters

Linklaters' experienced partner Dario Longo is a financial markets specialist. At managing associate level, Emanuele Umberto Aurilia's practice includes regulatory matters, while Anna Ferraresso acts for major market players and public bodies on the restructuring and reorganisation of banking and insurance groups.

Other key lawyers:

Dario Longo; Emanuele Umberto Aurilia; Anna Ferraresso

Molinari Agostinelli

Molinari Agostinelli's 'very attentive' team advises on joint ventures, distribution partnerships, asset management and banking regulation, product launches and contracts, and organisational models and policies. Nicolò Juvara heads the practice, which includes salary partner Paolo Barbanti Silva and of counsel Daniela Runggaldier.

Practice head(s):

Nicolò Juvara

Other key lawyers:

Paolo Barbanti Silva; Daniela Runggaldier

Testimonials

The members of the team are endowed with great professionalism, competence and awareness.’

They are very attentive to clients’ needs.’

Nicolò Juvara is a highly experienced professional, who has excellent communication skills and is very attentive to detail.

Paolo Barbanti Silva has shown great professionalism, competence, availability and meticulousness.

Key clients

UniCredit S.p.A.

Compass Banca S.p.A. – Mediobanca Group

Banco di Desio e della Brianza S.p.A.

Agos Ducato S.p.A.

Generali Investments Europe SGR S.p.A.

Sace

Société Générale Securities Services

BPER

Work highlights

  • Advised a consortium of banks on the sale of portfolios of €450m Unlikely To Pay receivables to a securitisation vehicle.
  • Advised Banco di Desio e della Brianza on the revision of its long-term partnership arrangements with Helvetia Group for the distribution of insurance products.
  • Advised BPER on the revision of its partnership arrangements with Unipol Group for the distribution of insurance products.