BonelliErede‘s ‘highly skilled team covers a wide range of financial and banking regulations‘. Clients particularly appreciate the firm’s dedicated investigation practice, which focuses on possible civil, criminal and administrative liabilities within banks and supervised entities. Department founder Giuseppe Rumi is a highly regarded banking and insurance regulation specialist, while the ‘really outstanding‘ Federico Vezzani focuses on supervisory and regulatory matters involving banks, asset managers, and Italian and international financial intermediaries. The financial regulatory department additionally features Andrea Savigliano (promoted to senior counsel during 2022) and experienced managing associate Giulio Vece.
Banking and finance: Bank regulatory in Italy
BonelliErede
Practice head(s):
Federico Vezzani
Other key lawyers:
Giuseppe Rumi; Andrea Savigliano; Giulio Vece
Testimonials
‘The highly skilled team covers a wide range of financial and banking regulations, as it has professionals specifically dedicated to different areas.‘
‘The lawyers are very responsive and problem-solving oriented.‘
‘Federico Vezzani is really outstanding in this field, both for the knowledge and experience he has obtained over the years, and for his ability to manage the team and different practices involved efficiently.‘
Key clients
Generalfinance
Enel X
Banca Popolare di Bari
Casavo
Banco BPM
Banca Ifis
AideXa
FNM
Colliers
Banca Cividale
Work highlights
- Assisted Generalfinance on the listing of its ordinary shares on the Euronext Star Milan Market (managed by Borsa Italiana).
- Advised Banca Ifis (and parent company La Scogliera) on the regulatory aspects of a long-term project that involved the transfer of the registered office of La Scogliera from Italy to Switzerland.
- Assisted Casavo Management with the incorporation of Casavo Mutui and its registration as a credit broker.
Chiomenti
‘Able to cover all areas of the financial markets‘, Chiomenti‘s practice excels in its knowledge of the regulatory framework of banks, investment firms, asset managers, insurance companies and payment institutions. Hailed as the ‘go-to-adviser in his jurisdiction‘, Alessandro Portolano heads up the firm’s regulation of financial institutions and activities group, and is an expert in banking, financial, insurance, payment services and asset management regulations. Key support is provided by Vincenzo Troiano
, whose ‘financial regulation knowledge is incredibly strong‘; Felice Azzollini, an of counsel since August 2022; and recently promoted managing associate Flavia Pagnanelli.
Practice head(s):
Alessandro Portolano
Other key lawyers:
Vincenzo Troiano; Felice Azzollini; Flavia Pagnanelli
Testimonials
‘A very strong team in terms of knowledge, and always focused on the client so as to find innovative solutions to any legal issue.‘
‘Understands the business and technical restrictions of clients and implements the best legal solutions. This marks a big difference from other firms.’
‘Amazing knowledge and able to cover all areas of the financial markets.‘
‘Very responsive and works for all the major players.‘
‘Alessandro Portolano is an international leader in his field. He has decades of experience and is the go-to-adviser in his jurisdiction.‘
‘Alessandro Portolano is a very experienced lawyer who knows how to find the best legal solution to any issue.‘
‘Vincenzo Troiano’s advisory support is a guarantee – he really impresses with his talent to combine deep analytical ability and effective synthesis.‘
‘Vincenzo Troiano’s financial regulation knowledge is incredibly strong, as is his expertise in the financial sector.‘
Key clients
Payden & Rygel
Elliot
Credito Fondiario
Credit Suisse
Tifosy
Intesa SanPaolo
Banca Finnat Euramerica
Unipol Group
BPER Banca
Blackrock
CONAD
Praesidium
Deutsche Bank
Banca Generali
State Street Bank
Allianz
BBVA
Credito Lombardo Veneto
Allfunds Bank – Milan branch
Unicredit Bank – Milan branch
Gruppo Mutuionline
Allianz Bank S.p.A.
Banca Findomestic
Banca Carige
Banco BPM
Cassa Depositi e Prestiti
Banca Popolare Valconca
Work highlights
- Assisted BBVA with the launch of a mobile retail banking business line in Italy.
- Assisted BPER Banca with the regulatory side to the acquisition from the FITD of a direct controlling interest in Banca Carige and, indirectly, in its subsidiaries Banca Monte di Lucca and Banca Cesare Ponti.
Alma LED
Acting for banks and tech and fintech companies, Alma LED‘s banking and financial regulation team houses experts in the regulatory aspects of crowdfunding, peer-to-peer lending, and mobile payment and payment aggregator activities. Marco Zechini is experienced in banking, financial and payment services regulation, along with AML and corporate governance issues. Luca Benvenuto is the Rome banking and financial regulation team coordinator, while Virgilio Sollima is an active senior associate.
Practice head(s):
Marco Zechini; Luca Benvenuto
Other key lawyers:
Virgilio Sollima; Sergio Visalli
Key clients
AcomeA SGR
AdmiralPay
American Express Italia
Axepta
Axerve
Banca Carige
Banca Profilo
Banca Valsabbina
Borsa del Credito – Business Innovation Lab
Centrico
Cityposte Payment
CGN Fintech
CONAD
Edenred Italia
Fairfield
Fabrick
Flowe
FX12
Helbiz
Hype
Iconto
Iren Mercato
Mooney
MyCicero
Nexi
Oktopay
Paytipper
Postepay
Prestiamoci
Primaton
Quid Ecosystem Group
Santander Sicav
Satispay Europe
TeamSystem
Teamsystem Payments
Telepass Pay
The Reputation Exchange
Tinaba
Vertis SGR
Work highlights
Bird & Bird
Bird & Bird ‘s Italian financial regulatory practice has substantial experience in the rules governing banking and financial services activities. Banking and financial markets regulation department head, Raimondo Maggiore, is a financial regulation expert, whose practice includes contentious regulatory and enforcement matters; co-head of the financial services group, Stefano Febbi ocuses on banking, financial services (including payments services) and insurance regulation; and Rossella Sansone is experienced in asset management and financial services. Diego Bobbo and Diego Cefaro are the senior associates to note, while Annapaola Schino is a recently elevated counsel.
Practice head(s):
Raimondo Maggiore; Stefano Febbi; Rossella Sansone
Testimonials
‘A very complete team that is specialised in regulatory matters.‘
‘Some individuals of the firm have had professional working experience with the Italian regulators, which is a real plus when dealing with issues that fall under the scrutiny of such regulators.‘
Key clients
Allianz Group
Banca Agricola Popolare di Ragusa
Banca Popolare Pugliese
Banca Valsabbina
BPER Banca
CheBanca!
CNP Assurances
Crédit Agricole Italia
Credem Group
ICCREA Group
Intesa Sanpaolo
Mediobanca
Mediolanum Group
SACE
Wayflyer
Work highlights
- Assisting Banca Agricola Popolare di Ragusa, Banca Valsabbina and Banca Popolare Pugliese with multiple issues surrounding the regulatory framework applicable to the provision of banking corporate governance.
- Assisting Allianz Group in Italy with assessing and implementing the new European legal framework on sustainable finance within the operations of its companies.
- Advised Mediolanum Group, Intesa Sanpaolo, CheBanca!, Banca Sella, BPER Banca, Credem Banca, Mediobanca and ICCREA Group on the interpretation and application of the EU and national rules regulating the provision of investment services (among others).
Clifford Chance
Clifford Chance‘s financial regulation team advises domestic and international groups, arrangers and financing banks on high-profile matters. Lucio Bonavitacola heads the investment funds and regulatory team, with clients benefiting from his regular contact with regulatory bodies, the Bank of Italy and CONSOB. Gioacchino Foti‘s track record includes advising the Italian Banking Association while other key figures within the group include banking and finance partners Charles Adams, Giuseppe De Palma
and Ferdinando Poscio. At counsel level, Francesca Cuzzocrea is experienced in banking products, while Riccardo Coassin advises on regulatory issues.
Practice head(s):
Giuseppe De Palma
Other key lawyers:
Lucio Bonavitacola; Gioacchino Foti; Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Riccardo Coassin; Filippo Tassoni; Alberto Claretta Assandri
Testimonials
‘A very coordinated and competent team.’
‘Always available and proactive – ensures a high level of service by working cohesively.’
‘In addition to the excellent technical skills and the always very polite and collaborative approach, clients report a strong aptitude for problem solving.’
Key clients
Cassa Depositi e Prestiti
Intesa Sanpaolo
Leonardo
Macquarie Infrastructure and Real Assets
Milione
Pirelli
SACE
The Student Hotel
UniCredit
Work highlights
- Assisted Intesa Sanpaolo and UniCredit (and other international and national banks) as lenders, with the renegotiation of a €1.5bn credit line granted to Saipem.
- Advised Leonardo on a revolving ESG-linked credit facility with a pool of international and national banks.
- Advised The Student Hotel, a global developer and operator of accommodation centres, on securing €145m in social and environmental impact financing from UniCredit.
FIVELEX Studio Legale e Tributario
FIVELEX Studio Legale e Tributario‘s finance, banking and insurance department acts on corporate governance issues, investment and banking services, and the issue and offering of banking and finance products. The practice also focuses on private banking services, asset management, and insurance-financial products. Francesco Di Carlo ‘really makes a difference to clients’ success‘, whereas Edoardo Guffanti advises banks, and investment, asset management and insurance companies on non-contentious matters. Mara Fittipaldi is a finance specialist while Flavio Acerbi is ‘a highly specialised and experienced lawyer’. Debora Gobbo was recently promoted to managing associate.
Practice head(s):
Francesco Di Carlo; Mara Fittipaldi; Edoardo Guffanti
Other key lawyers:
Flavio Acerbi; Debora Gobbo; Camilla Fornasaro; Alessandra Iandoli
Testimonials
‘The team is capable of handling highly complex situations and sorting them out with simple and effective solutions. It has also always been super responsive.‘
‘A creative and out-of-the-box approach.‘
‘This practice comprises professionals with great communication skills, passion for their job, and a willingness to understand and support clients throughout the whole phase of a project.‘
‘What clients really appreciate is the ability to communicate and coordinate different functions (tax, legal and financial support), so as to provide a full package of solutions.‘
‘Francesco Di Carlo is a business partner to clients. He really makes a difference to clients’ success.‘
‘Francesco Di Carlo is outstanding on both the legal and tax side, as well as his longstanding experience and deep knowledge of the regulated environment; and Flavio Acerbi is a highly specialised and experienced lawyer, who always makes himself available, even at short notice.‘
‘Flavio Acerbi impresses with his professionalism and dynamism.‘
‘Clients appreciate the skills and competence of managing associate Debora Gobbo, who delivers precious technical support that allows clients to face regulatory challenges safely.‘
Key clients
Amaranto SIM
Assicurazioni Generali Group
Alleanza Assicurazioni
Banca Generali Group
Banca Mediolanum
Banca PSA
Banca Sella
Banco BPM
Banque Cramer & CIE
Beyond Investment
BNP Paribas (Suisse)
Cassa Lombarda
Clessidra Group
Consultinvest Group
Cornèr Banca
Credem Group
Decalia SIM
Edmond de Rothshild
EFG International
Equita Group
Ersel Group
Four Partners Advisory SCF
Global Capital
Gruppo Bastogi
Illimity Bank
Italmobiliare
Julius Bear Group
Kairos Group
Milano Investment Partners SGR
Lloyds Banking Group
PGIM
PKB Privatbank Group
Tack SFC
Vontobel Group
Whysol
Xenon AIFM
Work highlights
- Assisted Milanofiori Sviluppo with the financial aspects of Milanofiori Sviluppo’s sale of two properties in Milan to an Italian closed-end real estate investment fund.
- Assisted Italmobiliare with the authorisation request for the acquisition of a qualifying shareholding in the corporate capital of Bene Assicurazioni.
- Assisted PGIM with setting up its Italian branch, which included regulatory issues.
Hogan Lovells International LLP
‘A top provider of legal services in Italy’s finance industry‘, Hogan Lovells International LLP‘s practice is highly experienced in payment services, crypto regulations and AML directives; and is consistently involved in the regulatory procedures surrounding cross-border M&A transactions. Italy financial services and asset management leader Jeffrey Greenbaum acts on the authorisation, distribution and regulatory issues surrounding financial entities and regulatory inspections. Other key advisers are recently-promoted regulatory counsel Elisabetta Zeppieri and senior associate Claudia Colomba, whose expertise comprises banking, investment, insurance and payment services, collective asset management, and pension funds.
Practice head(s):
Jeffrey Greenbaum
Other key lawyers:
Elisabetta Zeppieri; Claudia Colomba
Testimonials
‘An always available and competent team. HL is a top provider of legal services in Italy’s finance industry. Whenever clients have a complex or particularly thorough problem, this is a go-to team.’
‘Hogan Lovells is a truly commercial firm, with a depth of knowledge among its team that means someone is always available to support and advise, even at short notice and out of hours.‘
‘Its ability to understand a client’s business and products is outstanding, meaning that the advice positions the client to achieve optimum outcomes. The lawyers do not just produce legal advice but are truly trusted advisors.‘
‘Exceptional knowledge of the Italian payment industry, payment regulatory advice and AML matters – very solutions oriented with out-of-the-box thinking.‘
‘Hogan Lovells always delivers its service in accordance with deadlines and the expected high levels of quality.‘
‘Jeffrey Greenbaum and Elisabetta Zeppieri are outstanding professionals – great precision, availability and timing.‘
‘Jefferey Greenbaum and Elisabetta Zeppieri provide an exceptional service. They both understand clients’ business and needs, as well as the local Italian requirements – excellent skills and experience in communicating with the authorities.‘
‘The team, comprising Jeffrey Greenbaum and Elisabetta Zeppieri, is excellent. The lawyers are responsive, knowledgeable and commercially aware.‘
Key clients
DeA Capital Real Estate SGR
MFS Investment Management Company (Lux)
Apollo Global Management
BNP Paribas
BNL
Daimler
Work highlights
Legance - Avvocati Associati
Legance - Avvocati Associati‘s ‘extremely competent and efficient ‘ financial intermediaries regulation department fields (from both Rome and Milan) specialists in the regulatory aspects of banking, finance and insurance business. The figures to note are highly regarded team head Marco Penna, who ‘has broad knowledge of banking and financial markets regulation‘ and recently promoted partner Marco Romanelli, who specialises in the regulation of banks and financial intermediaries. At counsel level, Giovanna Tassitano advises on the regulation of the banking, insurance and financial markets, while Giuseppe Alessandro is an experienced managing associate.
Practice head(s):
Marco Penna; Marco Romanelli
Other key lawyers:
Giovanna Tassitano; Giuseppe Alessandro; Alberto Mozzi
Testimonials
‘Extremely competent and efficient in delivering advice.‘
‘Marco Penna has broad knowledge of banking and financial markets regulation, and gives practical advice that is aimed at finding viable solutions.‘
Key clients
Advent International
Apax Partners
Argo Finanziaria
Aviva
Banca Finint
Banca Progetto
Banca Sistema
Banco BPM
BPER Banca
Crédit Agricole CIB
CBRE
Dell
Elliott
Finest
Fortress Investment Group
Mediobanca
Nexi
UniCredit
Work highlights
- Assisted Nexi with the regulatory profiles surrounding an agreement with competitor Nets for the integration of the two groups.
- Assisted Nexi, and its controlling shareholder Mercury UK HoldCo, on the regulatory aspects of the integration between Nexi and SIA.
- Assisted Cboe Global Markets with the recognition in Italy of the markets Cboe Futures Exchange and Cboe Exchange.
Simmons & Simmons
Simmons & Simmons‘ Milan team is sought out by brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and insurance and life assurance companies for financial services and markets regulatory work. The recent experience of financial services regulation group head Romeo Battigaglia includes obtaining local licenses for UK-based MiFID firms and credit institutions. At of counsel level, Maria Giusy Naccarato has notable expertise in the asset management and financial institutions sectors, while Andrea Tonon is alternative funds Italy head. Senior associate Mirella Di Carlo also advises on regulated markets.
Practice head(s):
Romeo Battigaglia
Other key lawyers:
Maria Giusy Naccarato; Andrea Tonon; Mirella Di Carlo
Testimonials
‘Very competent, understands clients’ needs, and knows the sector very well.‘
‘Good contacts with the regulators, and proactive and reasonable.‘
‘The team is a one-stop shop, possessing transactional, advisory and regulatory expertise under one and the same roof.‘
Key clients
Rede & Partners
First Sentier
HarbourVest
Generali Global Infrastructure
BlueBay Asset Management
Allianz Global Investors
Blackstone
BNP Paribas
Deutsche Bank
F&C Management
Jefferies
Jupiter
Schroders
UniCredit
Vanguard Asset Management
HitecVision
CoinBase
BlockChain
Foris DAX
BB Trade
Work highlights
Atrigna & Partners
Specialising in financial market regulation, Atrigna & Partners houses experts in financial intermediaries’ operational mechanisms, as well as regulatory issues. Dino Abate is regulatory banking and finance head, while Toni Atrigna advises on the rules governing markets, investment services and collective asset management activities, and the relationships between intermediaries. Alberto Manfroi focuses on financial markets law. Also key to the group, Gian Luca Greco advises on banking and investment services regulations.
Practice head(s):
Toni Atrigna; Alberto Manfroi
Other key lawyers:
Dino Abate; Gian Luca Greco
Testimonials
‘Atrigna & Partners is a firm that is highly regarded for its strong specialisation in financial products, an expertise that is hard to find in other law firms.‘
‘The professionals are very proactive, quick in their execution, and clear in their presentation.‘
‘Precision in its delivery, great organisational abilities, and excellent knowledge of the subject area.‘
‘Both the partners of the firm and the senior associates are always available, traceable and courteous.‘
‘Always available, highly qualified and able to produce solutions for compliance and AML matters, which are tailored to the most diverse needs of clients.‘
‘Alberto Manfroi and his team are exceptional – one of their strengths is the attention and care lavished on the client, and the willingness to help.‘
‘Alberto Manfroi and Dino Abate have very deep knowledge and differ from others, due to their ability to find solutions to resolve both small and large concerns.‘
‘Toni Atrigna is an absolute star who has incredible knowledge of the regulations and the capacity to find legal/regulatory solutions to every business need.‘
Key clients
Banca del Sempione
Banor Sim
Etica SGR
Azimut direct
Cassa di Risparmio di Volterra
Nexi
Banca delle Marche
Reversal Sim
Geilamir
Endeka SGR
Natissa SGR
Work highlights
- Assisted Switzerland’s Banca del Sempione with proceedings before the Italian National Supervisory Authority, as part of obtaining authorisation to operate in the territory under the freedom to provide services.
- Advised Banor Sim, an Italian investment firm, on the implementation of ESG European and Italian rules.
- Assisted Nexi Payments with compliance and AML issues, in relation to the issuing and management of credit and debit cards, and payment services.
CMS
The regulatory practice of CMS‘ Italy team comprises investment services, asset management, insurance, fintech and payment services. The group is led by financial services specialist Paolo Bonolis, who advises major domestic and international banks and financial institutions. Providing key support are public finance expert Domenico Gaudiello, the firm’s global head of alternative lending, and alternative investment team leader, Andrea Arcangeli. At counsel level, Domenico Musso‘s experience includes regulatory issues.
Practice head(s):
Paolo Bonolis
Other key lawyers:
Domenico Gaudiello; Andrea Arcangeli; Domenico Musso; Massimo Trentino
Testimonials
‘CMS’ strengths are its collaborative skills, quick replies and solid advice.’
‘Provides quick and professional answers.’
‘Flexibility, professional advice and tailored solutions.’
‘A very well-coordinated team for cross-border transactions and regulatory cross-border aspects.‘
‘Andrea Arcangeli is not only highly prepared, but always has a practical approach to problem solving.‘
Key clients
Commerzbank – Italian Branch
Aberdeen Standard Investments
Deutsche Bank
Aareal Bank
Legal & General Investment Management
Morgan Stanley
Binance Group
Worldline – Six Payment Services – Italian Branch
Maquarie
Monese
IM Global Partner
CMC Markets UK
81 Società di Consulenza Finanziaria Family Office
S A G Soluzioni Assicurative Globali
Nuveen Asset Management Europe
Takeaway
Barings
La Banque Postale
Beerfin (Heineken Group)
ICBC
Unipol
Illimity
Paypal
BNP Paribas
Work highlights
- Advising Intesa Sanpaolo on the implementation of a complex cross-border project involving ten jurisdictions.
- Advising a major crypto asset platform worldwide on the regulatory aspects associated with the onboarding and servicing of Italian crypto asset and crypto currency clients.
- Advising a major bank on the regulatory aspects of the purchase of large-value US-originated loans.
Dentons
Part of Dentons‘ Italy banking and finance department, its financial services practice advises banks, insurers, asset managers, financial firms, pension funds and fintech companies on a wide range of regulatory matters. Leading the financial services team in Italy, Alessandro Engst is a specialist in financial institutions regulations, investment funds and derivatives. Alessandro Fosco Fagotto
leads the Italy banking and finance practice, while Valerio Lemma and Lorenzo Toppini are key counsels.
Practice head(s):
Alessandro Engst; Alessandro Fosco Fagotto
Other key lawyers:
Valerio Lemma; Lorenzo Toppini
Testimonials
‘The team is very skilled and provides comprehensive advice.‘
‘A balanced group with appropriate seniority, and its use of technological tools helps relationships with clients, simplifying the exchanges.‘
‘Individuals who are very well known in the market and with solid reputations.‘
‘A very responsive and well-coordinated team.‘
‘Pragmatic in its negotiations with counterparties, and always available and willing to analyse the issues presented.‘
‘Alessandro Engst is very present and approachable.‘
‘Alessandro Engst and counsel Valerio Lemma are very knowledgeable about investment fund-related matters.‘
‘Counsel Lorenzo Toppini coordinates the day to day advice with competence, readiness and a pragmatic approach.‘
Key clients
Intesa Sanpaolo
Mediobanca
UniCredit
Banco BPM
REYL Innovative Banking
IBL Banca
Fidelity
DeA Capital SGR
Eurizon Capital SGR
Coima SGR
UnipolSai
Stewart Title
SACE
Fondo Pensione COMETA
Cassa Depositi e Prestiti
CONSAP
ENPACL
GLP
Fort Partners
Work highlights
- Assisting Intesa Sanpaolo with a complex regulatory project involving the compliance of derivatives documentation and transactions with the Bank Recovery and Resolution Directive.
- Assisting Fidelity with the regulatory and financial services aspects of its business activities in Italy.
- Assisting UnipolSai with the regulatory assessment of its investments in financial products in a number of jurisdictions.
DLA Piper
The broad expertise of DLA Piper‘s financial services practice covers both domestic and cross-border banking and financial regulation work, including AML issues, derivatives, usury law, payment services, e-money and the crypto asset space. The practice of experienced financial and banking regulation specialist, Agostino Papa, covers compliance frameworks, product structuring and sanction proceedings, while Vincenzo La Malfa advises on derivatives and financial regulations. Nicoletta Alfano is an experienced legal director.
Practice head(s):
Agostino Papa
Other key lawyers:
Vincenzo La Malfa; Nicoletta Alfano; Valentina Villa
Testimonials
‘The practice has deep knowledge and is extremely reliable.’
‘A very extensive practice that is able to cover all areas.’
‘Vincenzo La Malfa is very proactive and able to understand the needs of clients.’
Key clients
Deutsche Bank Group
Alkemia Capital Partners SGR
Assicurazioni Generali
Azimut Libera Impresa
Banca Generali
Banca IFIS
Banca Sistema
Banco BPM
CDP Venture Capital SGR
Commerzbank AG Milan Branch
CREDEM Private Equity SGR
Finlombarda
MPS Capital Services Banca per le Imprese
Poste Vita
Aquila Capital Real Asset Investments
SUSI Partners
Quickbit eu AB
BlueBay Funds Management Company – Italian Branch
Natwest Markets
UBS Asset Management (UK)
Accenture
Zurich Group / Zurich Investments Life
Banca Nazionale del Lavoro
Banco BPM
Banco do Brasil
DeA Capital Alternative Funds SGR
Intesa Sanpaolo
KPMG Advisory
Banca PSA Italia
Pricewaterhouse Coopers Advisory
UniCredit Group
Banca Aletti& C
Banca Akros
Safened
BNP REIM SGR
ENPAP (Ente Nazione Previdenza ed Assistenza Psicologi)
Dojo (part of Zucchetti Group)
Fondazione Enasarco
Fondazione Monte dei Paschi di Siena
Cassa Forense
Inarcassa
Banca San Marino
Asset Management Company (AMCO)
Work highlights
- Providing ongoing assistance to the Italian branch of Commerzbank, including in relation to its transparency obligations to clients.
- Assisted Quickbit eu AB with the launch of virtual currency services in Italy.
- Assisted Aquila Capital Real Assets Investment with a new part of a securitisation to finance receivables, though the issuance of ABS notes.
Gattai, Minoli, Partners
‘Ensuring appropriate, efficient and timely solutions‘, Gattai, Minoli, Partners‘ financial regulations practice assists banks, investment firms, and asset management, insurance and fintech companies on regulatory matters. It also acts for undertakings for collective investment, payment institutions, electronic money institutions, credit brokers, and other financial intermediaries. Financial regulations department head, Andrea Calvi, has longstanding regulatory expertise, while senior associate Stefano Giavari advises on investment services, investment fund schemes and securities offerings.
Practice head(s):
Andrea Calvi
Other key lawyers:
Stefano Giavari
Testimonials
‘An excellent department with high levels of professionalism, expertise and client focus.‘
‘The professional competence of the bank regulatory team is superior to those of other law firms, thus ensuring appropriate, efficient and timely solutions.‘
‘Great for its people, availability, collaboration, and commitment to clients’ requirements.‘
‘Leverages its broad understanding of financial and technology regulatory issues to help a fintech companies, navigating the increasingly complicated fintech regulatory landscape in Italy.‘
‘Andrea Calvi offers an outstanding service, making it extremely easy for clients to follow his advice – he also provides very timely services.‘
‘Andrea Calvi produces solid results.‘
‘Andrea Calvi is attentive, has commercial acumen, and is able to provide advice and solutions that are commercially viable.‘
‘Andrea Calvi is a pragmatic lawyer with a strong background in Italian and European financial regulations. His advice always has practical implications that effectively help clients.‘
Key clients
Banca Generali
Alipay.com
Euroclear Bank
Banco BPM
Klarna Bank
Italia NFT
Itelyum Regeneration
Fondazione Social Venture Giordano Dell’Amore
Kyip Capital SGR
Davis & Morgan
Work highlights
- Advised Banca Generali on implementing services that allow customers to purchase crypto assets through a home banking service.
- Advised Klarna Bank on both Italian and EU legislation, in relation to consumer credit, banking transparency and lending activities.
- Advised Italia NFT on the compliance aspects of a digital platform.
Gianni & Origoni
Gianni & Origoni‘s team advises on the regulation of financial services, banking, insurance, and pension and investment funds. It also assists with investment offerings on the primary and secondary markets, and listed issuers’ governance. Emanuele Grippo co-heads the financial markets department, while Paolo Bordi is an expert in the regulatory aspects of banking, financial and investment services, and insurance and asset management business. Marco Zaccagnini is the key London contact.
Practice head(s):
Paolo Bordi; Emanuele Grippo; Marco Zaccagnini
Testimonials
‘A very famous firm with highly skilled professionals, especially in the field of wealth management.‘
‘Relying on the professionals of Gianni e Origoni is a guarantee when managing clients and financial intermediaries in many areas. Clients have relied on its services for years and the quality is always very high.‘
‘Special appreciation to Emanuele Grippo, a professional who is serious and competent. A real benchmark in the private banking industry.‘
Key clients
Advance SIM
AIPB
Allianz Bank Financial Advisors
Arcadia SGR
Arrow Global Group
Banco Santander Milan
BlackRock
Candriam Investors Group
Capital Dynamics SGR
Capital International Limited
Cerved Master Services
Cirdan Capital Management
Credit Suisse
DeA Capital
Eurizon Capital Real Asset SGR
Euroclear
Eurofactor Italia
Euronext SA
Fideuram
FinecoBank
GAM (Italia) SGR
Goldman Sachs
Grosvenor Capital Management
Itas Mutua
Lombard Odier
Neuberger Berman
Pirelli & C.
Robeco
Santander Consumer Bank
UniCredit
Wilmington Trust
Zurich Italy Bank
Work highlights
- Assisting Zurich Group with the setting up of Zurich Italy Bank and obtaining authorisation from the Bank of Italy and the European Central Bank to carry out banking activity and provide investment services (among others).
- Assisting AIPB – Italian Private Banking Association in its discussions with Consob, Bank of Italy and the Ministry of Economy and Finance, in relation to new legislative proposals for financial markets regulation.
- Assisted BBPLC with respect to its Italian operations, further to the UK’s withdrawal from the EU.
Lener & Partners
Lener & Partners‘ practice covers a range of financial services regulatory matters, including contentious and restructuring work. Representative experience includes the establishment of banks, asset management companies, investment firms and insurance companies, along with financial intermediaries providing regulated services. Team head Raffaele Lener is a financial services regulation expert, while Grazia Bonante specialises in banking, financial services, insurance and international finance law. Sonia Locantore‘s practice also includes financial services issues.
Practice head(s):
Raffaele Lener
Other key lawyers:
Grazia Bonante; Sonia Locantore
Testimonials
‘The team is very knowledgeable and extremely professional.‘
‘Great competence and great attention to detail.‘
‘Professionals with enthusiasm, excellent preparation, excellent relations with institutions, and common sense.‘
‘Unlike very large firms, Lener & Partners’ strength is its size, not only in terms of its professionals, but also in terms of the humanity and time it dedicates to clients.‘
‘Always open to dialogue and confrontation – decisions are never taken without informing the client in a timely and thorough manner. A true team effort that is not to be taken for granted.‘
‘Preparation, timing, presence, continuous availability, and respect for clients’ needs.‘
‘Immediate understanding of clients’ needs, including those concerning recently-enacted regulations.‘
‘Raffaele Lener is a great adviser and it’s a pleasure working with him on challenging new projects.‘
Key clients
Cassa di Risparmio della Repubblica di San Marino
Banca del Fucino
illimity Bank
JP Morgan
London Stock Exchange Group
Borsa Italiana Group
Banca Carige
Intesa Sanpaolo
Euronext Group
Credit Suisse Italy
Work highlights
- Advised Cassa di Risparmio della Repubblica di San Marino on the final stage of the execution of a debt restructuring agreement.
- Advised illimity Bank on the establishment of a joint venture with Banca Sella, in relation to the development of a digital banking services platform.
- Assisted Intesa Sanpaolo with court proceedings initiated by the Comune di Perugia to have four interest rate swaps declared invalid.
Osborne Clarke
Osborne Clarke‘s experienced Italy team is particularly experienced in financial services regulatory work involving fintech and crowdfunding, along with other novel financial products. It regularly advises challenger banks and financial services providers on the regulatory licences required to establish crowdfunding platforms, consumer credit matters, MiFID2 and AIFMD license applications, and liaising with Italy’s regulatory authorities. Sofia Caruso and Umberto Piattelli left the firm in September 2022.
Key clients
BLender Italia
Bluefield Partners
BrickUp
Diaman Partners
Edge Retreats
Framont & Partners Management
Health Italia
Ipermatch
Sierra Italy Agency
Smartika (Banca Sella Group)
Treatwell IT
WEX Europe Services
Work highlights
- Assisting Maltese fintech company, Diaman Partners, on the regulatory aspects of the opening of a new branch in Italy.
- Advising Sierra Italy Agency and Edge Retreats on various Italian financial services regulatory issues.
- Advising Framont & Partners on the financial services regulatory aspects of the opening of a branch in Italy.
White & Case (Europe) LLP
Enjoying strong relationships with banking and financial sector entities, White & Case (Europe) LLP‘s ‘extremely efficient‘ bank regulatory practice covers corporate governance issues, shareholding structures, organisational models and outsourcing arrangements, along with capital requirements and other regulatory-driven deals. Italy financial services regulatory practice head Alessandro Zappasodi, and experienced associate Licia Mongiello, were recruited from Pedersoli Studio Legale during 2021, while financial regulatory associate Andrea Lamonica is a February 2022 arrival from Chiomenti.
Practice head(s):
Alessandro Zappasodi; Licia Mongiello; Andrea Lamonica
Testimonials
‘The team is extremely efficient in terms of competence, efficiency, ability to understand the questions asked (from a business-oriented perspective), and very quick in providing replies and producing the required documentation.‘
‘Dedicated and involved teams.‘
‘Excellent responsiveness and strong knowledge of the regulatory framework.‘
Key clients
Banca di Asti
BC Partners Credit
BFF Bank
Crédit Agricole Corporate & Investment Bank
Klarna
Intesa Sanpaolo
Snatt Logistica
Société Générale Group
Work highlights
- Advised BC Partners Credit on structuring a syndicated acquisition finance loan, through Italian securitisation vehicle Agorà Finance and UniCredit (as co-lenders), to a company that is dedicated to holding equity stakes in industrial and real estate entities.
- Advised BFF Bank on the issuance of subordinated notes, eligible as additional Tier 1 capital instruments, and the redemption of existing tier 2 capital instruments (through the exercise of a call option).
- Advised SNATT Logistica (and certain affiliates) on the contribution of 20 logistics assets to an Italian real estate investment fund.
ADVANT Nctm
ADVANT Nctm‘s experienced banking and finance department regularly handles the regulatory aspects of complex fintech matters in the payments sector. It also has extensive expertise in regulatory compliance issues. Practice head Danilo Quattrocchi provides regulatory advice on banking, securities and investment services, as well as on asset management matters.
Practice head(s):
Danilo Quattrocchi
Other key lawyers:
Stefano Padovani; Giovanni Giuliani; Jacopo Pisani
Testimonials
‘Great communication and case/matter management.‘
‘Solid partner availability and engagement.‘
Key clients
Bank of China Italian Branch
Banca Popolare Alto Adige Volksbank
CashInvoice
Recrowd
Banca di Credito Peloritano
Banca IFIS
Covivio
Banca Finanziaria Internazionale
Open Capital Partners SGR
Work highlights
- Assisting Cashinvoice with the regulatory aspects of the launch of a Buy Now Pay Later fintech platform (dedicated to the business-to-business segment in Italy).
- Providing legal assistance to Recrowd in relation to the regulatory aspects of its lending crowdfunding portal.
- Assisted Sorgente SGR (under Extraordinary Administration and under the control of the Supervisory Authority) with its sale as a going concern, including the management of its funds.
EY TAX & LAW ITALY
EY TAX & LAW ITALY‘s Milan practice is experienced in the regulatory aspects of corporate matters, acquisition finance transactions, corporate financing, and syndicated and real estate loans, including the ongoing fulfilment of regulated entities’ regulatory obligations. Regulatory expert Michele Odello was recruited as partner and practice head from Dentons during 2020.
Practice head(s):
Michele Odello
Other key lawyers:
Francesco Paolo Sasso
Key clients
Banca Sistema
Banca Monte dei Paschi di Siena
Banca Nazionale del Lavoro
Banca Patrimoni Sella
Bitpanda
BNP Paribas Leasing Solutions
BNP Paribas
Cassa di Risparmio Monte dei Paschi
Carrefour Bank
Caterpillar Financial Corporación Financiera
Consultinvest SIM
Deutsche Leasing Italia
Fondo Pensione Monte dei Paschi
Groupama Asset Management
Impact SGR
Natixis Investment Managers
ING Bank – succursale italiana
Oney Bank
Oxy Capital
Pitagora
Work highlights
- Assisted Carrefour Banque with the regulatory aspects surrounding the sale of a credit agreement portfolio.
- Assisted ING Bank – succursale italiana with the regulatory aspects surrounding the purchase of several portfolios of tax credits provided by the Italian Government.
- Assisted Banca Monte dei Paschi di Siena with the regulatory aspects surrounding the acquisition of tax credits provided by the Italian Government.
GIM Legal
GIM Legal is particularly active in relation to financial services, and investment and real estate investment funds. Former CONSOB regulator Luigi Rizzi is an investment funds regulation expert, while fellow founding partner Sergio Beretta is experienced in internal and management control systems. The firm recently launched an office in London.
Practice head(s):
Luigi Rizzi
Other key lawyers:
Sergio Beretta; Marco Corica; Manuela Rasori
Testimonials
‘A great boutique for service, legal and otherwise.’
‘Appreciated for the team’s personal and professional qualities, which is brilliantly led by Luigi Rizzi.’
Key clients
A M U Investments SIM
Castello SGR
Banca Promos
Dea Capital SGR
Groupama SGR
IAM Capital
Illiquidx
Invesco Group
Invicta Securities
P&G SGR
Migliora
Pairstech Capital Management
Assiteca SIM
Work highlights
Lexia Avvocati
Lexia Avvocati‘s regulatory expertise covers fintech, open banking, decentralised finance, blockchain, crypto assets and alternative investments. The practice is jointly led by Angelo Messore, a 2021 recruit from White & Case (Europe) LLP and expert in the regulation of banking, financial, insurance, investment and payment services, alongside founding partner Francesco Dagnino.
Practice head(s):
Angelo Messore; Francesco Dagnino
Testimonials
‘Lexia is well-equipped with all the professional components to meet clients’ legal and tax needs.‘
‘Clients express an excellent degree of satisfaction with the team.‘
‘Lexia’s team is super prepared, and able to lead clients to the most effective legal solution.‘
‘The team is remarkable because of the accuracy of the information provided to clients.‘
‘Proactive and takes care of clients’ needs.‘
‘Able to manage clients activities remotely through good technological tools that allow excellent interaction with the client.‘
‘Angelo Messore and his team have shown solid knowledge and awareness of insurance issues, resolving questions that are often confused by the recent legislation issued by the Institute for the Supervision of Insurance.‘
‘Francesco Dagnino is very knowledgeable and responsive – great for complex regulatory issues.‘
Work highlights
- Assisted Bitpanda Pro Europe with the setting up of a pan-European platform, dedicated to the trading of cryptocurrencies and crypto assets.
- Assisted Vivid Digital on the setting up of its Italian business operations.
- Assisted Sienna Investment Managers and RollingFunds with the launch of an Italian platform offering lending solutions to SMEs through a France-established alternative investment fund.
Molinari Agostinelli
Molinari Agostinelli‘s financial services practice covers asset management and banking regulations, joint ventures and distribution partnerships. It also advises on product launches and contracts, along with organisational models. Nicolò Juvara routinely assists with insurance and financial services matters, while Paolo Barbanti Silva and Daniela Runggaldier are experienced senior counsels.
Practice head(s):
Nicolo’ Juvara
Other key lawyers:
Paolo Barbanti Silva; Daniela Runggaldier
Testimonials
‘Nicolò Juvara and senior counsel Daniela Runggaldier are very quick to respond with complete answers.’
‘Nicolò Juvara and Daniela Runggaldier are really business oriented and smart in their legal knowledge. This is still what clients expect from a lawyer’s advice.’
Key clients
UniCredit
Compass Banca – Mediobanca Group
Banco di Desio e della Brianza
Agos Ducato
Sace BT
Société Générale Securities Services
BPER
Banca Valsabbina
HSBC
ING Bank – Milan Branch
Crédit Agricole Group
Admiral Financial Services Italia
Capza
King Street
Noosa Innovation
Work highlights
- Assisted ING Bank (Milan Branch) on structuring and implementing a project for the paperless distribution of insurance products through internet banking and other platforms.
- Advising Noosa Innovation on a cross-border factoring project involving the purchase of portfolios of receivables.
- Advised Societe Generale Securities Services on negotiations with Unicredit regarding the payment of a tax credit.
Studio Legale Cappelli RCCD
Studio Legale Cappelli RCCD‘s team advises domestic and international financial institutions on banking, insurance and financial regulation, along with compliance issues. Silvio Riolo and Michele Crisostomo act on regulatory matters, while Federico Morelli is on hand for capital markets work. Regulatory expert Gabriele Buratti joined in October 2021 from Chiomenti.
Practice head(s):
Silvio Riolo; Gabriele Buratti; Michele Crisostomo; Federico Morelli
Other key lawyers:
Alessandra Davoli
Testimonials
‘Extremely competent lawyers, who are able to read facts, deals and negotiations from different perspectives.‘
‘Ability to provide excellent advice during negotiations and alternative views on single issues.‘
‘The firm showed the utmost availability, responding well to urgent matters and with extreme care for the client’s needs.‘
‘Always punctual and responds to the client’s satisfaction.‘
Key clients
Mediobanca
Unicredit
Hines Italy RE
Cassa Depositi e Prestiti
Nextalia SGR
Fondo Italiano Investimenti SGR
Blue SGR
Mediocredito Centrale
Illimity
Poste Italiane
Poste Vita
Assicurazioni Generali
Eurovita
ITAS Mutua
Work highlights
- Assisted AMCO with the second phase of a project involving the setting up of a platform for the management of loans classified as unlikely to pay.
- Assisted UniCredit with the aborted acquisition of MPS Bank, which included an analysis of regulatory and state aid issues.
- Assisted Mediobanca with a process carried out by Deutsche Bank, in relation to a potential transaction concerning a going concern operated by Deutsche Bank.