Firms To Watch: Tax

Focused on the tax aspects of energy, real estate, M&A and finance, AndPartners Tax and Law Firm's Milan and Rome-based tax department is co-led at partner level by Pietro Bracco, Daniela Delfrate and Luca Di Nunzio.
Led by founding partner Carlo Garzia, Eptalex Garzia Gasperi and Partners' tax practice focuses on corporate taxation, transfer pricing, and the tax aspects of wealth planning and wealth management.
Led by name partner Giuliano Foglia, Foglia & Partners' domestic and international taxation practice is particularly experienced in M&A, financial instruments, real estate, transfer pricing and tax litigation.

Tax in Italy

BonelliErede

BonelliErede‘s team is highly involved in tax policy debates concerning corporate taxation, international tax and transfer pricing. Specialising in national and international taxation advice and litigation, Andrea Silvestri co-ordinates the practice, which includes Andrea Manzitti, ‘a highly experienced professional with strong interpersonal skills’; director of the Leiden Transfer Pricing Research Centre Stefano Simontacchi; and national and international tax law specialist Riccardo Ubaldini. The strong second line fields Marco AddaStefano Brunello and Matteo FanniFrancesco Scandone was made partner in May 2021; and Giulio Mazzotti is an experienced managing associate.

Practice head(s):

Andrea Silvestri

Testimonials

Technical competence with great listening skills and pragmatism.

Rarely for tax consultants, you always get a clear answer. Added to this is a close-knit team that is always available, which makes the client feel important.

Great ability to interact with the internal tax advisers of our company.

Ability to manage even very complex situations by identifying linear and effective solutions.

Technically very valid, and precise and punctual in tax litigation activities and requests for opinions.

Andrea Manzitti is a highly experienced professional with strong interpersonal skills.

Stefano Brunello stands out for his mix of technical and listening skills, and the ability to solve complex problems – a champion and the best tax lawyer I have met in almost 20 years of private equity operations.

Francesco Scandone has always shown highly analytical skills, and the ability to manage technical and relational aspects with extreme effectiveness.

Key clients

Amplifon

Ariston

Enel

Covivio

Ardian

TIM

Prada

Work highlights

  • Assisted France-based PSA Group with the Italian tax aspects of its merger with Fiat Chrysler Automobiles.
  • Advised Temasek Holdings (Private) on the Italian tax aspects of the acquisition by Moncler of the company that owns the Stone Island brand.
  • Provided tax advice to Edison in relation to the sale of its E&P business unit and restructuring of its Italian activities.

Chiomenti

In addition to Chiomenti's M&A and finance-related tax expertise, the practice has strong corporate tax, transfer pricing and tax litigation credentials. It also has an enviable private client practice. Cross-border specialist Raul-Angelo Papotti heads up the department, which showcases cross-border M&A expert Massimo Antonini; Marco Di Siena, a former Italian Fiscal Police representative; Paolo Giacometti, an expert in transaction-related tax structuring and financial product taxation; and real estate-related tax specialist Giuseppe Andrea Giannantonio. Also highly regarded are of counsels Giovanni Carpenzano and Antonino Guida, along with counsel Irene Pellecchia.

Practice head(s):

Raul-Angelo Papotti

Testimonials

Ability to provide the client with a multidisciplinary team that can deal with complex issues without neglecting any facet, especially in relation to new matters further to the most recent legal reforms.

The team is made up of excellent professionals with high levels of professionalism in the tax field.

The strengths and key skills of the team are its very solid preparation, in-depth tax knowledge, proactivity in the search for innovative solutions, passion for the law, vision and a multidisciplinary approach.

Raul-Angelo Papotti is an excellent team leader, who is able to support the client when choosing the best negotiation approach.

Massimo Antonini provides fantastic support. He stands out for his technical skills, friendliness and practical mindset – working with him is a great pleasure.

Paolo Giacometti and of counsel Antonino Guida are both very experienced in highly complex international tax planning – constructive approaches and the ability to break down complex issues into the most important points.

Giuseppe Andrea Giannantonio is an exceptional professional.

Counsel Gabriele Paladini has extraordinary expertise in the real estate sector and the tax aspects related to real estate finance.

Key clients

AC Fiorentina

Accor

Allegra Versace

Alpha Private Equity Fund

Alphasigma

Angelo Gordon

Apollo Management

Ardian Real Estate

AS Roma

ASTM

Banca Carige

Banca Generali

Bank of America Merrill Lynch

Bental Greenoak Capital

BNL

Casavo

CBRE Global Investors

CDP Group

Cerberus Capital Management

Cinven

Coudert Brothers Group

C-Quadrat Asset Management

Credit Suisse

Credito Fondiario

Dea Capital

Enel

Esprinet

Eurocommercial Properties

F2i SGR

Finleonardo

Forma Funds

Generali Real Estate

GoFundMe

Goldman Sachs

Hayfin Capital Group

Heidelberg Cement

Holmen Paper

HSBC

Huawei Technologies

Intesa Sanpaolo

Investindustrial Group

Italcementi

Italmobiliare

JP Morgan Chase

Kering Group

KKR

LifeBrain AG

Marquard Capital Group

Mediacom Group

Mediaset Group

Monte Paschi di Siena

Morgan Stanley

Naval Group

Nomura

Olympus Group

OpCapita

Panakes

Paref Group

Pic Dare

Prelios Sgr

Quinta Capital

Sace

Saipem Group

Savills Investment Management

SEB Life

Simest

The Friedkin Group

Unicredit

Work highlights

  • Assisted FCA Bank with pending tax litigation before the Italian Supreme Court.
  • Advised Amissima Holdings on the tax aspects of the sale of the corporate capital of insurance company Amissima Assicurazioni.
  • Advised KKR on the tax side to the acquisition, through Teemo Bidco, of a shareholding representing 37.5% of the share capital of FiberCop.

Gatti Pavesi Bianchi Ludovici

The January 2021 merger between Gatti Pavesi Bianchi and LUDOVICI PICCONE & PARTNERS created Gatti Pavesi Bianchi Ludovici, which assists both domestic and international clients on major tax matters. Paolo Ludovici’s expertise covers corporate reorganisations, M&A, structured finance transactions, and tax planning for HNW individuals and trusts. Other experienced partners are Pietro Piccone FerrarottiMichele AprileLoredana ConidiAndrea Iannaccone and Andrea Prampolini. At of counsel level, Massimo Giaconia recently joined from Studio Professionale Associato a Baker & McKenzie, while transfer pricing head Livio Zallo was hired from EY TAX & LAW ITALY.

Practice head(s):

Paolo Ludovici

Testimonials

They have been able to respond with great flexibility to the demands of our rapidly growing business.

They are always available to handle difficult situations – a leading firm that has the best professionals on the market for technical capacity and professional quality.

The quality of the service is excellent. They offer innovative solutions with a truly tailored approach to the client – there are no other firms that offer tax legal assistance service at this level.

Paolo Ludovici and Michele Aprile advised the company on complex financial and international taxation issues with extreme competence and precision.

Pietro Piccone Ferrarotti is an extremely competent professional, both as regards out-of-court transactions and judicial matters. He is an excellent lawyer and a very authoritative professional, who leads a team of highly competent young professionals – a business partner as well as a lawyer.

Andrea Prampolini is appreciated for his soft skills, through which he conveys his great technical preparation with ease.

Andrea Iannaccone is appreciated for his technical skills, analysis of the documents and understanding of the needs of the business. When asked about how to respond to a business demand, he never replies that it can’t be done, and always offers a range of possible solutions.

Of counsel Livio Zallo is great for his professionalism and knowledge of the Revenue Agency’s point of view.

Key clients

Ambienta

Anacap

Ardian Capital

Banca FarmaFactoring

Banca Generali

Barilla

Capvis Equity

CNH

Coca Cola HBC Group

De Agostini Group

EOS Investment Management

Gruppo Pam

illimity Bank

Julius Baer

Moncler

Nextalia SGR

Prelios

Proiezioni Future

Värde Group

Prysmian Group

Reale Mutua

The Equity Club

The Walt Disney Company

Unicredit

2R Capital

Work highlights

  • Assisting illimity Bank with various complex tax matters.
  • Assisting real estate company Värde with consolidating its presence in Italy’s real estate market, including the tax aspects of various transactions for the development of residential and non-residential construction projects.
  • Provided tax assistance to Pimco, GWM (with UniCredit) and Aurora Recovery Capital in relation to the implementation of the Sandokan 2 portfolio.

Maisto e Associati

Maisto e Associati consistently advises on major tax matters, such as complex tax litigation at all levels and international tax work, including major cross-border deals. Founding partner Guglielmo Maisto is well recognised as one of Italy’s leading tax practitioners; Marco Cerrato has extensive experience in domestic, European and international tax controversies and dispute resolution; and Marco Valdonio‘s practice covers M&A, private equity and real estate transactions, transfer pricing, and agreements with the Italian Revenue Agency. Other names to note are Aurelio Massimiano, Cesare Silvani and of counsel Gabriella Cappelleri.

Practice head(s):

Guglielmo Maisto

Testimonials

The level of in-depth analysis of subjects (with particular focus on international tax law and its evolutions) has no equal.

Response times from teams, including partners, are incredibly fast.

Represents excellence in national and international taxation. The team is characterised by a multidisciplinary approach that guarantees high levels of quality in the outcomes produced.

Great for its routine participation in national and international round tables and discussions, which guarantees constant updating and highly prepared professionals.

Particular attention is paid to the needs of the client during the administrative management of billing processes, as well as in the use of IT systems, which aim to guarantee security in the management of data and confidential information.

Deep knowledge of tax matters (national and international), high levels of availability, speed of analysis, and attention to clients’ needs.

The ease of interaction with the team of Cesare Silvani and Aurelio Massimiano is more effective than with the competition – you can always get in touch with them in a very short time.

Cesare Silvani has demonstrated and continues to demonstrate the ability to anticipate the effects on clients of changes in legislation, practice or jurisprudence.

Key clients

Angelini

Atlantia

Bayer

Coima

McDonald’s

Mediolanum

Permira

Sipcam Oxon Group

Stellantis

Sky Italia

Work highlights

  • Assisted Atlantia with the tax aspects surrounding the divestment of its controlling participation in Autostrade per l’Italia to a consortium.
  • Advised Coima SGR on the tax aspects of an awarded tender launched by FS Sistemi Urbani and RFI for the purchase of the Porta Romana railway yard in Milan.
  • Assisted private equity fund Permira with the tax aspects of the sale of its controlling participation in Arcaplanet to Cinven.

Tremonti Romagnoli Piccardi E Associati

Tremonti Romagnoli Piccardi E Associati is sought out by both domestic and international clients for its tax advisory services. Lorenzo Piccardi specialises in international taxation; transfer pricing; and corporate and M&A, banking, finance and capital markets taxation. Cristiano Caumont Caimi and Giancarlo Zoppini are highly rated tax litigators. Also integral to the practice are experienced partners Marcello ValentiLaura Gualtieri and Fabrizio Colombo, along with Antonio Vitali and Simone Zucchetti. Key associate partners are Stefania TrezziniLaura PudduFabrizio CancelliereMatteo Porqueddu and the recently promoted Anna Maria Gulino.

Practice head(s):

Lorenzo Piccardi

Testimonials

Tremonti is arguably the pre-eminent tax advisory practice in Italy. The partner/client dedication is apparent at the outset and enduring; and the firm’s ease in navigating technical Italian issues and progressing matters is impressive.

A dynamic team that is very attentive to tax news and proactive in stimulating the client to reflect on tax matters, so as to seize the best opportunities.

We have experienced excellent contributions in terms of knowledge of the subject matter, and above all the ability to direct the client to the most appropriate choice by making proposals and suggestions.

The focus dedicated to the issues dealt with, and above all the speed in arriving at solutions, have created great satisfaction for the company.

Cristiano Caumont Caimi brings a rare blend of technical expertise and practical ability to ensure the smooth progression of matters, and delivers timely conclusions. He is also easy to work with and fits well into multidisciplinary advisory teams, both within and outside Italy – he is not phased by unchartered waters.

Fabrizio Colombo is excellent. He does not sit on the fence when it comes to providing advice, or in relation to clear and practical guidance – a definite go-to tax lawyer in Italy.

I am pleased to express particular appreciation for partners Giancarlo Zoppini and Simone Zucchetti – both their human and professional qualities, great capacity for synthesis and clarity, and authority in their relations with third parties.

Antonio Vitali has excellent knowledge of very complex issues involving direct and indirect taxes, corporate reorganisations and requests for rulings.

Key clients

2i Rete Gas

AEDES SIIQ

AgosDucato

A2A

Amec Foster Wheeler Italiana

Assicurazioni Generali

Autostrade per l’Italia

Banca Popolare di Vicenza

Banco BPM

BC Partners

COIMA SGR

Credit Suisse

doBank

Domina Vacanze

Eurostazioni

FSI SGR

F2i SGR

Gamenet

GE Italia Holding

Goldman Sachs International

GVM Real Estate

Intesa Sanpaolo

Qatar Holding

Sapinda Holding

SIA

Sinterama

Trevi – Finanziaria Industriale

TUS-Holding Co

Unicredit Group

Unipol Gruppo

Work highlights

  • Advised SIA on a number of critical tax issues related to its merger into Nexi, which will result in the creation of a leading EU player in the electronic payments sector.
  • Advised Agos Ducato on a Patent Box agreement with the Italian tax authorities.
  • Assisted Intesa Sanpaolo with the tax aspects of the sale of a major branch of business.

CMS

CMS‘s practice ranges from corporate tax law and direct taxation to VAT, international taxation and transfer pricing. The group also advises on the tax implications surrounding the economy’s digitalisation, tax risk management, private client work and tax disputes. Giuseppe Ascoli leads the team, which includes Giovanni Calì, who assists corporations from the energy, travel and leisure, electronics, pharmaceuticals, real estate and insurance sectors. Other tax specialists in the team are Stefano Chirichigno, Federico Raffaelli, Mario MartinelliStefano Giuliano and Guido ZavadiniFabrizio Alimandi recently made partner, while Riccardo Vaccaro is an experienced counsel.

Practice head(s):

Giuseppe Ascoli

Testimonials

The strengths of the team are its precision and technical skills, and the ability to understand and manage the complexities that are inevitably found within large international groups.

In addition to the absolutely indisputable technical skills, I found the team highly available and committed.

Great competence and professionalism.

Great expertise and the compliance support, as well as the litigation advice, are of real quality.

The ability to immerse themselves in the company’s reality is impressive.

Availability, and with a collaborative attitude and focus on clients’ needs. It is also an exceptionally integrated team in the field of transfer pricing – a go-to practice in Italy.

Stefano Chirichigno has characteristics that make him absolutely outstanding. He has enormous technical competence, a business acumen absolutely beyond the average of the tax consultants with whom I have happened to work, and an excellent understanding of clients.

Carlo Gnetti and Mario d’Avossa are among the best professionals I have met in my career – not only theorists, but with great practical sense.

Key clients

Coty

Obton

Generali Real Estate

Ariston Thermo Group

Recordati Group

Owens-Illinois Group

Fabbrica Italiana Velocipedi Edoardo Bianche

Tecnimont Group

Work highlights

  • Advised Coty on the tax side to a carve-out of a business line in several European jurisdictions.
  • Advised Obton on the tax implications surrounding a project finance loan of approximately €102m.
  • Advised Ariston Thermo Group on international tax and transfer pricing matters.

DLA Piper

DLA Piper‘s Italy tax practice was recently particularly active in relation to tax audits and litigation, cross-border reorganisations and restructuring, along with M&A, wealth planning, VAT and transfer pricing. Co-heading the team are Antonio Tomassini, who acts in domestic and international investigations, settlements and rulings; and Christian Montinari, whose expertise includes domestic and international corporate reorganisations, M&A and structured finance. Also integral to the group are experienced partners Federico Pacelli, Andrea Di Dio, Giovanni Iaselli and Alessandro Martinelli, along with of counsel Antonio Martino and tax director Carlotta Benigni.

Testimonials

We really appreciate the responsiveness of the team and its insight of tax matters.

The strengths of the DLA team are its subject competence and the orderly application of its always up-to-date knowledge to specific cases.

The communication and technology they apply is in line with the best market standards, and the billing mechanisms are easy and neat.

Reactive and effective in proposing different solutions that are oriented to different business scenarios.

Professionalism and corporate mentality – it’s like working with an in-house department.

Christian Montinari is great for his extreme availability and the feeling of safety when he is by your side – his presence can prove decisive.

Andrea Di Dio is extremely knowledgeable in all aspects of tax law and very good at commercially deciding what the best approach is. He does not opt for aggressive solutions, as he knows we are not keen on that, yet he comes up with very well-articulated legal opinions and suggestions that resolve issues in a targeted and clear manner.

The entire team is brilliant but of counsel Antonio Longo is great for his eagerness to satisfy clients, availability, and sound and pragmatic tax advice.

Key clients

Saint-Gobain

Internazionale F.C. (Suning Group)

Hewlett-Packard

Telecom

Generali

Autogrill

AS Roma

Italcementi – Heidelberg

Omnam Italy

Credite Agricolè

Fideuram

Iliad

Sifi Group

Intesa San Paolo – Fideuram group

Econocom

Cremonini

FCA

Italcementi

Newlat

Work highlights

  • Acted on behalf of Saint Gobain before the Constitutional Court in a case concerning the possible unconstitutionality of Article 20 of the Consolidated Law on Registration.
  • Assisted the Suning Group, owner of a controlling stake in FC Internazionale Milano S.p.A., with the tax aspects of an issue of bonds for a total amount of €275m.
  • Assisting Telecom Italia on the transfer pricing policy applicable to intercompany transactions entered into by the headquarters with subsidiaries operating in over 30 jurisdictions.

Di Tanno Associati

Di Tanno Associati‘s tax practice is routinely involved in major M&A deals. It also focuses on private equity, infrastructure and real estate funds, in addition to tax litigation and HNW related work. Co-heading the group are Tommaso Di Tanno, an economic and fiscal policy expert, and Fabio Brunelli, who has a broad tax practice. Other esteemed partners are Enrico Pauletti and Marco Sandoli. Carlo Curti and Sabrina Tronci are the associates to note. In January 2022, Raffaele Villa and Luca Marraffa joined as partners from CBA Studio Legale e Tributario and EY TAX & LAW ITALY respectively. Former partner Ottavia Alfano and associate Antonio Cuoco joined Molinari Agostinelli in November 2021 and partner Paolo Serva left for Studio Legale Cappelli RCCD in January 2022. Since research concluded, Domenico Ponticelli left the firm.

Practice head(s):

Tommaso Di TannoFabio Brunelli

Testimonials

A very specialised and professional team that is very attentive to clients’ needs.

Always provides very in-depth analyses that allow us to arrive at efficient solutions, and great professionalism and attention to detail.

Ability to interact with third parties in a diplomatic and punctual way – very strong skills in Italian tax law.

Tommaso Di Tanno is highly appreciated for his professional reliability and tenacity in pursuing the objectives of clients.

Fabio Brunelli has great experience in tax law that is applied to the Italian private equity market.

Raffaele Villa is a very capable, innovative, solid, reliable and committed professional.

Key clients

Carlyle Group

Alma

Phoenix Asset Management – Pam

Apax Partners

Nb Aurora

Aeroporti di Roma

Sea

BFF Bank

Enel

Anima

Aksia Group SGR

Outokumpu Stainless Holding

IGI Private Equity

Work highlights

  • Advised Apax Partners on the tax aspects of an investment structure and agreement to acquire a majority stake in Lutech.
  • Advised BFF Bank on a tax settlement procedure.
  • Advised F2i SGR on the tax aspects of both an offer of a new fund for sustainable infrastructures and a co-investment by the managers.

Facchini Rossi Michelutti Studio Legale Tributario

Facchini Rossi Michelutti Studio Legale Tributario’s practice covers the taxation of companies, as well as financial institutions and private equity funds. Areas of particular note include M&A, international taxation, tax litigation and relationships with the financial authorities, management of incentive plans, and taxation of private individuals. Co-heading the practice are Riccardo Michelutti, who ‘has very deep knowledge of all legal/tax issues’; highly rated tax specialist Luca Rossi; and Francesco Facchini, who advises corporate groups, banks and non-profit entities. Of counsel Francesco Capitta joined from Macchi di Cellere Gangemi in 2020.

Other key lawyers:

Francesco Capitta

Testimonials

High levels of competence and effectively supports the client in making choices.

Great ability to propose solutions and proposals.

The strength of this firm is the ability to provide practical and concrete solutions to complex problems, thanks to the varied skills present within the firm.

They are professionals who are always available and proactive.

They tackle both simple and more complex topics with the same dedication.

The level of preparation is always very high.

Riccardo Michelutti has very deep knowledge of all legal/tax issues, particularly direct taxation in relation to international financial contracts that are by their very nature very complex.

Of counsel Francesco Capitta has a very high professional profile.

Key clients

CVC Capital Partners

Chiesi Farmaceutici

Ambienta

Facile.it Broker di Assicurazioni

CVC Genetic

Carraro Group

Sisal Group

BC Partners

BT Italia

EQT

Gianni & Origoni

Gianni & Origoni’s tax practice is consistently sought out in relation to M&A, financial products, litigation, transfer pricing and VAT. The department also fields experts in private client work, real estate taxation, patent boxes and revenue-related criminal law. Fabio Chiarenza heads the team, which includes highly rated tax specialist Luciano AcciariVittorio Zucchelli, who specialises in tax-related M&A, transfer pricing and supply chain restructuring issues; and recently promoted Luciano Bonito Oliva. The associate to note is Francesca Staffieri, while former practice-co-head Stefano Grilli left for Withers Studio Legale in October 2021.

Practice head(s):

Fabio Chiarenza

Testimonials

I have often had to deal with other law firms, but I have never found the professionalism and competence that I find in GOP.

GOP’s tax law department continues to confirm itself as a point of reference for the tax issues we manage within our team.

The full command of civil and fiscal legislation allows us to propose tailor-made solutions to our clients, which are always greatly appreciated.

What struck me most about Fabio Chiarenza was the simplicity with which he illustrated complex aspects of the proposed operation.

Fabio Chiarenza is the best tax consultant to entrust with complex issues in a short time.

I collaborated with Fabio Chiarenza and associate Francesca Staffieri, who have always shown excellent competence and availability.

Vittorio Zucchelli – excellent preparation and knowledge of the subject, and great at defining the best and most efficient strategy for the company.

Luciano Bonito Oliva is a very strong professional, who helped resolve our issues in the best possible way, while leveraging his network of specialists.

Key clients

Telecom Italia

KKR

FSI SGR

SKS Malta

Findomestic

Ferrovie dello Stato

UniCredit Group

Atalanta Calcio

Blackrock

La Rinascente Group

Central Retail Corporation

Amplifon

Piaggio & C

Ab Medica

Iper Montebello

La Mondiale Europartner

ENEL

Snam

Saras

Lombard International Assurance

Aquileia Capital Services

Poste Italiane

Coeclerici Group

Work highlights

  • Advised Telecom Italia on the tax aspects of the sale of a 37.5% stake in FiberCop to KKR.
  • Advised Intesa Sanpaolo and Banca IMI on the tax side to a three-year, €6.3bn credit facility granted to FCA Italy.
  • Provided tax advice to Salvatore Ferragamo in relation to a €250m financing agreement with Intesa Sanpaolo to fund environmental, social and governance objectives, as well as general cash flow needs.

Legance - Avvocati Associati

Legance – Avvocati Associati’s tax practice routinely handles the full gamut of tax matters, particularly in relation to real estate, project finance, fashion, luxury, financial institutions and investment funds. Luca Dal Cerro advises on the tax aspects of complex transactions; Marco Graziani assists with the tax structuring of sophisticated deals; and Claudia Gregori is an expert in the tax issues surrounding project finance, real estate and shipping matters. Also key to the group is senior counsel Francesco Di Bari, along with experienced counsels Gabriella Geatti, Davide Nespolino and Riccardo Petrelli.

Testimonials

Ability to solve any problem internally, thanks to teamwork between different professionals who collaborate with each other at the service of the client.

Legance is a joy to work with – they provide excellent advice and go beyond just answering questions.

Ability to provide assistance and opinions on complex and constantly evolving issues within required time frames.

In my experience, they are the best commercial tax practice in the Italian market.

They are always available and the quality of their work product is consistently high.

Reliability, creativity and availability at all times – strong will to invest in the relationship with clients and make its network of knowledge and contacts available.

Marco Graziani and counsel Riccardo Petrelli are exceptionally hardworking and technically strong tax lawyers, who work seamlessly with our team and are always available.

Claudia Gregori and counsel Gabriella Geatti combine in-depth knowledge of the subject with the ability to synthesise issues effectively.

Key clients

Altarea Cogedim

AXA Insurance Group

Aviva Investors

Bank of America Merrill Lynch

BNP Paribas

Cassa Depositi e Prestiti

Chequers Capital Partenaires

CBRE Global Investors

EF Solare Group

ENEL Group

ENI Group

Eurazeo

F2i

Ferragamo Group

Fortress

Goldman Sachs

Hayfin Capital management

Incus Capital

ING Group

Intermediate Capital Group

Intesa Group

Neuberger Berman

Quadrivio

Savills Investment Management

Partners Group

Denso Group

Moncada Group

Rhea Vendors Group

Tikehau Capital

TPG – Sixth Street Partners

Schroder Adveq

Lombard Odier

Vestas Asset Management

Westfield Unibail Rodamco

GIC

IPI Partners

ADVANT Nctm

Fielding both lawyers and qualified accountants, ADVANT Nctm has a strong track record in assisting with cross-border issues, tax structuring and tax litigation. Department head Federico Trutalli’s expertise includes telecoms and real estate-related tax planning for M&A deals and group reorganisations; and Piermauro Carabellese specialises in international tax, M&A structuring and tax litigation. Other notable tax experts are Barbara Aloisi, Paolo Agnesi, Manfredi Luongo, Guido Martinelli and Paolo Rampulla.

Practice head(s):

Federico Trutalli

Testimonials

Remarkable professionalism, timing and client support.

Extremely prepared and complete.

Experience, professionalism and availability.

Federico Trutalli is a professional, who is much appreciated because he is always able to offer very careful and targeted advice to clients.

Key clients

Vodafone Europe

Italo

ERG Renew Group

Techedge

William Hill

Lindt & Spungli

L Catterton

Fenzi Group

Cromwell Property Group

Ceetrus

Work highlights

  • Assisted Vodafone Europe with an accelerated bookbuilding process, aimed at selling 8% of INWIT’s shares to Italian and international institutional investors.
  • Assisted Italo with reviewing a tax calculation, including preparing and submitting tax returns, as well as assisting with ordinary and extraordinary tax issues.
  • Assisted William Hill with the definition and implementation of an employee stock ownership plan in Italy.

Studio Professionale Associato a Baker & McKenzie

Studio Professionale Associato a Baker & McKenzie assists software and digital industry clients with permanent establishment and transfer pricing issues, and unilateral and bilateral advance pricing agreements. Corporate and international taxation specialists Francesco Pisciotta and Michele Santocchini co-head the practice, which includes tax litigators Barbara Faini and Nicola Boella. Former partner Massimo Giaconia joined Gatti Pavesi Bianchi Ludovici.

Testimonials

Clarity in the presentation of the arguments and flexibility in understanding the client’s needs.

The team is flexible, business oriented and highly skilled.

The team has excellent general tax knowledge (both international and Italian).

The team works seamlessly with other B&M teams on international projects.

Michele Santocchini demonstrated understanding of business, as well as clarity in exposing problems and proposing solutions.

Michele Santocchini has excellent versatility and the ability to advise on different topics, from transfer pricing to international taxation.

Michele Santocchini is always available, highly skilled, and flexible when things are urgent. He takes a lot of time to listen to clients and understand their business.

Key clients

BMS

Defond Manufacturing

Almirall

Amgen

Ariston

Dompè Farmaceutici

Zambon

Diesel

Denso

Intesa Sanpaolo

Work highlights

  • Advised BMS on the tax side to the disposal of its manufacturing plant to Catalent.
  • Advised Defond on the tax aspects of its divestiture of the Italian and Chinese business of the ODE subgroup.
  • Advised Almirall on the tax side to the sale of the Ansiolin business to Nuraxpharm.

Biscozzi Nobili Piazza

Housing chartered auditors, accountants and lawyers, Biscozzi Nobili Piazzaalways delivers punctual and precise answers’. The practice assists companies and individuals with an array of tax matters on an ongoing basis (both in Italy and abroad). Co-heading the practice are Oliviero Cimaz, an expert in restructuring, banking and finance tax law; corporate taxation specialist Aldo Bisioli; and name partner Francesco Nobili, who is experienced in restructuring and family business-related issues.

Testimonials

The firm has been assisting companies and their shareholders for years – this historical link allows for visibility on the market.

Expertise, professionalism, and continuous support on important corporate transactions (demergers/creation of service companies).

Constant operational advice on how to manage our company better, both from a fiscal and organisational point of view.

Extreme availability, even for simple advice, and it always delivers punctual and precise answers.

Oliviero Cimaz is appreciated both as a person and as a professional.

Key clients

Altran

Azimut Holding

Banca Profilo

Bolton Group

Carnival Corporation

Damiani

Castello SGR

Credit Suisse

Davide Campari–Milano

De Longhi

Dolce & Gabbana

Eataly

Fondo Strategico Italiano

ICTeam

Italtrans

Officine Meccaniche Bandera

Patrizia Immobilien

Rothschild Italy

Schmolz + Bickenbach Italia

Rancilio Industries

Sixty Group

Sony Music Entertainment Italy

Telecom

Tesmec

Tod’s

Unichips / San Carlo

CBA Studio Legale e Tributario

Routinely assisting with corporate tax, VAT, income tax and indirect taxes, CBA Studio Legale e Tributario advises its banking and financial clients on the establishment of their respective structures, as well as investment and portfolio management phases. Angelo Rocco Bonissoni leads the team, of which tax specialists Stefano Petrecca, Michele Citarella, Francesco Assegnati and Giorgio Iacobone are key members. Former partner Giuseppe Alessandro Galeano recently left for Pavia e Ansaldo.

Practice head(s):

Angelo Rocco Bonissoni

Testimonials

The team comprises highly capable professionals.

Great empathy, and the correct and detailed definition of tasks.

Ability to understand business and propose tailor-made solutions with flexibility, but always with seriousness, values and skills.

Great at listening, speedy, and with great empathy skills.

Great professionalism and maximum versatility in dealing with issues of various kinds that are often very complex.

Stefano Petrecca is a high-profile professional for his ability, timeliness and clarity.

Key clients

Antares Private Equity

Oxy Capital

Prelios SGR

Elafood Group

Blue SGR

Arrow Global Italia

F2i SGR

WisdomTree

Red Graniti

ACP SGR

Kreion RE

FIEE SGR

Alimenta

CCR fund

Humangest S.p.A.

Finanziaria Internazionale Investments SGR

VGO Capital Partners

Sonepar

Banca Finanziaria Internazionale

Holding Farmacie 2

Work highlights

  • Assisted Elafood Group with proceedings before the tax authorities.
  • Assisted Arrow Global Italia with considering, assessing, implementing and commencing the operations of its Italian VAT Group.
  • Appointed as tax adviser to Blue SGR/Flaminia Core Fund in relation to the acquisition of a real estate asset in Milan.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton's Italy practice focuses on public and private M&A; hybrid financing and investment structures; debt and pre-IPO tax restructuring; derivatives and financial instruments; and employee benefit plans and executive compensation. The practice also has notable tax litigation expertise. Vania Petrella is a seasoned tax partner; and at senior attorney level, Gianluca Russo is an experienced corporate tax lawyer, while Paola Albano is a tax compliance expert.

Testimonials

High levels of professionalism and ability to make concepts clear.

A large organisational structure with many skills.

The high profile of the clientele and the firm’s high degrees of professionalism are undoubtedly pluses of this firm.

Guarantees the highest standard of service and with a great international network.

Outstanding quality of professionals at all levels.

Hands-on partners/senior professionals, who are quickly able to leverage other offices for cross-border topics.

Vania Petrella and senior attorney Gianluca Russo are high-level professionals, who are extremely reactive.

We worked primarily with Vania Petrella and senior attorney Paola Albano, who are both well-versed in Italian tax law and the procedural rules, and communicated well with us as their client.

Key clients

Gamenet Group (now Lottomatica)

Falck Renewables

ArcelorMittal

Euronext

Asterion Industrial Partners

Donatella Versace

Alstom

ACDC Fund LP

Community of Sant’Egidio

Work highlights

  • Advised Euronext on the tax side to its acquisition of the Borsa Italiana Group from the London Stock Exchange Group.
  • Assisted Gamenet Group (now Lottomatica) with the tax side to the acquisition of Lottomatica Scommesse and Lottomatica Videolot Rete.
  • Assisted Asterion Industrial Partners with the tax side to acquisitions.

Clifford Chance

Clifford Chance’s Italy team advises predominantly on tax-related transactions and disputes. Its representative expertise covers finance, M&A and real estate taxation, along with tax audits and enquiries, and litigation before the tax courts. Leading the tax practice, Carlo Galli advises on the tax side to M&A, capital markets, structured finance and international tax planning. Providing key support are counsel Sara Mancinelli, and senior associates Andrea Sgrilli and Roberto Ingrassia.

Practice head(s):

Carlo Galli

Testimonials

Highly specialised in the taxation of financial products.

Satisfies the specific needs of clients and represents fair value for money.

The tax team is very well structured and able to offer a complete service, ranging from assistance on the actual operation to litigation.

Very attentive to the client, and the team is endowed with great flexibility in proposing commercial solutions that are suitable to the required service.

What distinguishes them is their proactivity in reporting news and ideas that may be of interest, as well as maximum openness to discussion.

Excellent professionals who are co-ordinated by Carlo Galli, who has deep knowledge of the subject as well as his clients.

Carlo Galli’s wealth of experience made him really stand out. There seemed to be no tax item that he had not seen and negotiated before. But what was really special was his commercial approach, and ability to communicate and negotiate with non-tax counter-parties – this is quite rare for tax lawyers, who are often very technical and hide behind corporate lawyers during final negotiations.

Carlo Galli is incredibly well connected within the industry, and so was able to have side discussions to put forward our point of view in a more informal way.

Key clients

Ardian

AMCO

Bain Capital

Blackstone Real Estate Debt Strategies

Edison

Eni

Leonardo

Primonial Real Estate

Prysmian

Starwood Capital

Work highlights

  • Assisted Ardian, through its portfolio company Dedalus Holding, on the tax aspects of the acquisition of the Healthcare Software Solutions business of DXC Technology.
  • Advised a consortium, comprising Cassa Depositi e Prestiti, Blackstone and Macquarie, on the tax side to their acquisition of Autostrade per l’Italia.
  • Assisted Eni with the tax aspects surrounding the issue of a worldwide sustainability-linked bond.

Dentons

Dentons’ Italy tax team is able to leverage the firm’s global practice of over 200 tax advisers. The practice covers the tax structuring of cross-border investments, M&A and real estate tax, as well as the tax implications of wealth management, tax litigation, tax crime, and co-operative compliance. Italy tax head Andrea Fiorelli has a broad tax practice; Fabrizio Capponi is Italy head of international tax; and Roberta Moscarolidelivers positive results’.

Practice head(s):

Andrea Fiorelli

Testimonials

Solid technical preparation and willingness to be available to face any complex situation.

Great professionalism, competence and prompt assistance.

Support with prompt and immediate responses.

Excellent ability to read our needs, analyse problems and manage individual processes.

A complete team with all the necessary skills, great speed, effectiveness, and high levels of excellence.

Andrea Fiorelli is appreciated for his ability to propose and understand complex investment structures.

Roberta Moscaroli always makes herself personally available to achieve the desired result.

Roberta Moscaroli is an excellent professional who delivers positive results.

Key clients

Illimity Bank

BNP Paribas REIM Italy

Prelios SGR

Prim Promozioni Immobiliari

Intesa Sanpaolo

Unicredit

Ferrovie dello Stato

GEDI – Gruppo Editoriale

Work highlights

  • Assisted GEDI – Gruppo Editoriale with filing an advance tax ruling on digital service tax.
  • Assisted Mediobanca with the tax aspects of the acquisition of trophy asset Palazzo Cordusio in Milan.
  • Assisted a pool of banks with the tax aspects surrounding the issuance of a green bond by the Italian Ministry of Economy and Finance.

McDermott Will & Emery Studio Legale Associato

McDermott Will & Emery Studio Legale Associato’s tax offering covers international taxation, transfer pricing, withholding tax, patent boxes, litigation and international transactions. The team also acts on private equity-related taxation and investment funds. Carlo Maria Paolella leads the group, which includes domestic and international tax specialist Andrea Tempestini; and Emidio Cacciapuoti, who advises on the tax aspects of funds and alternative investment fund structures. Simone Serretti is an experienced counsel.

Practice head(s):

Carlo Maria Paolella

Testimonials

Excellent international experience at the client’s service, as well as an excellent knowledge of different industries and proximity to business processes.

Excellent network of foreign correspondents, who guarantee global, efficient and effective coverage.

Great availability and proactivity are distinctive features when compared to other firms.

The practice has one of the very few highly experienced private equity fund-focused teams in Italy, which makes the team exceptional in the market.

It is not only Carlo Maria Paolella’s technical expertise that makes him stand out, but also the calm and well-organised style of his approach to work that makes working with him great.

Andrea Tempestini and counsel Simone Serretti have great knowledge and experience in domestic and international tax issues, as well as the ability to interact within the client’s business organisation and with other professional firms.

Andrea Tempestini is, above all, that rare combination of high technical skills and appropriate pragmatism, which makes it possible to think out of the box and find solutions in line with clients’ expectations.

Emidio Cacciapuoti provides precise advice on complex Italian tax law issues.

Key clients

Bonatti

Davide Campari Milano

EssilorLuxottica

Ducati Motor Holding

Automobili Lamborghini

Infravia Capital Partners

Janssen-Cilag

Johnson & Johnson

Recordati

Manpower

Furla

Barilla

Loro Piana

Pedersoli Studio Legale

Pedersoli Studio Legale‘s ‘team members have in-depth knowledge of tax regulations that is difficult to find elsewhere’. Recent tax work covered dispute resolution, restructuring and debt restructuring, M&A, and financial and capital market transactions. In addition, the team assists its clients with ongoing tax advice, and advises high-profile families on generational wealth transfers. Tax practice head Giovanni BanderaAndrea de’ Mozzi and Daniela Caporicci all have broad tax expertise.

Practice head(s):

Giovanni Bandera

Testimonials

Pedersoli is an independent firm that is based on fairness, transparency, confidentiality, renowned longstanding history, and an ability to assist within the main market practices at 360° – and it has always been present on large transactions.

The firm is very strong in global strategic consulting and tax planning, and its team members have in-depth knowledge of tax regulations that is difficult to find elsewhere.

Unlike many other firms, the tax team is autonomous and well structured and staffed, although it operates in the same integrated and synergistic manner as most large firm structures.

Great competence, availability, experience and professionalism.

A team of highly trained professionals, who are constantly available.

Andrea de’ Mozzi is always very present. On the client side, you benefit a lot from his supervision.

Daniela Caporicci is very prepared, as well as being careful to present the possible consequences of the choices suggested.

Daniela Caporicci’s presence is very important.

Key clients

Anthilia Capital Partners SGR

Clessidra SGR

Intesa Sanpaolo

FCA Group

DiaSorin

THUN

F&P4BIZ

8a+ Investimenti SGR

TrenDevice

WIIT

Work highlights

  • Assisted the FCA Group with the tax aspects surrounding a €6.3bn financing guaranteed by SACE.
  • Assisted DiaSorin with the tax aspects of a financing for the acquisition of Luminex, as well as the tax issues surrounding DiaSorin’s issue of a €500m senior unsecured equity-linked bond.
  • Assisted Viridis Energia with the tax aspects of the sale to Tages Capital SGR (as management company of reserved closed-end alternative real estate investment fund Tages Helios II) of a portfolio of photovoltaic plants.

Pirola Pennuto Zei & Associati

Pirola Pennuto Zei & Associati’s ‘always available’ tax team recently experienced growth in relation to alternative real estate assets, banking sector-related M&A; and real estate-related financing and structured finance. Stefano Tronconi is an international tax expert; Massimo Di Terlizzi is co-managing partner; Guido Doneddu‘s practice includes corporate taxation and transfer pricing; Andrea Pirola is an international taxation and tax litigation expert; and Nathalie Brazzelli is a private equity specialist.

Testimonials

Prepared, always available and very solid.

Andrea Pirola advises us as if it is his personal business – well beyond the duties of a professional. The other team members are also very good.

Key clients

Bain Capital

Mercury UK Holdco

Esselunga

Spandex

Antonello Manuli Holdings

Toshiba Tec Italia Imaging Systems

Falck Renewables Group

Grandi Magazzini e Supermercati Il Gigante

Equinova Holding

Siram

Falck Group

Mare Group

Breitling Italia

Techedge

Allen & Overy - Studio Legale Associato

Allen & Overy – Studio Legale Associato's team provides a combined tax, regulatory and accounting offering in relation to corporate, financial, and real estate tax transactions. It also advises on fund formation, transfer pricing and tax investigations. Francesco Guelfi heads up the practice, which includes experienced senior associate Elia Ferdinando Clarizia.

Practice head(s):

Francesco Guelfi

Other key lawyers:

Elia Ferdinando Clarizia

Testimonials

Focused on finding solutions to related tax problems.

Great expertise in local and supranational legislation.

Professionalism and expertise in specific matters, including the taxation of structured finance transactions, securitisations, corporate reorganisations, bond issues, taxation of financial instruments, and direct and indirect taxation.

Strong ability to grasp the client’s needs and formulate appropriate solutions.

Excellent interpersonal skills.

Francesco Guelfi stands out for having a highly pragmatic approach to tax issues.

Francesco Guelfi has great competence and total availability.

Great professionalism and availability from the reference partner Francesco Guelfi (as well as his team) in assisting the client on time and in the manner requested.

Key clients

Algebris Investments

Apollo Global Management

Aviva

Banco BPM

Bank of China

Bank of New York Mellon

BNP Paribas

China Construction Bank

Davide Campari-Milano

DBG Advisors

Epic SIM

Intesa Sanpaolo

Banca IMI

Kharis Capital Advisory

Mediobanca

NatWest

Nuveen

PayPal

PIMCO

Rheinmetall Italy

Société Générale

Sumitomo Mitsui Banking Corporation

The Children’s Investment Fund

The Riverside Company

UBS

Ventura Invest

Zodial Equity Trading

Work highlights

  • Advised Aviva on the tax aspects of the €1.3bn multi-deal disposal of its insurance business in Italy to Allianz, UBI Banca, Intesa Sanpaolo and CNP.
  • Advised JP Morgan and UBS on the tax aspects of the structuring and execution of financing agreements, in relation to a partial non-proportional demerger that involved a non-performing asset portfolio.
  • Advised Algebris Investments (Ireland) on the regulatory and tax structuring of a securitisation platform for non-performing loans, which was originated by Italian banks and secured by real estate assets.

Belluzzo International Partners

The result of a 2021 merger between Belluzzo International Partners and Mercanti e Associati, Belluzzo International Partners's team is co-led by managing partner Luigi Belluzzo; Daniele Carlo Trivi, whose practice includes financial and international taxation; Walter Andreoni (previously at Maisto e Associati); and Giovanni Mercanti, who has a broad tax practice.

Practice head(s):

Luigi Belluzzo; Daniele Carlo; Walter Andreoni; Giovanni Mercanti

Testimonials

Belluzzo Mercanti has formidable experience in relation to generational changes for entrepreneurs.

I have been working with the firm for many years, and I immediately appreciated their international vocation and network. I also appreciate their openness to the inclusion of young people, who have been able to grow in harmony with the values of the firm.

The ability to work in a team to obtain the best result.

Competence in wealth management issues that is combined with a solid technical base; and the team is strongly oriented towards satisfying clients’ needs, including adherence to compliance and best practices.

Passion, motivation and availability – an international tax law firm with a strong presence abroad.

Walter Andreoni is a great tax professional and communicates well with clients.

Luigi Belluzzo is responsive and personable; he is very knowledgeable regarding the Italian tax system, particularly the non-dom/lump sum taxation regime for new Italian residents.

Luigi Belluzzo has the ability to be proactive and speak the same language as clients.

Key clients

Manuli Rubber Industries Group

Cherry Bay Capital

Cornelli

Carnelutti Studio Legale Associato

Carnelutti Studio Legale Associato’s practice has significant expertise in M&A-related tax issues and tax planning, and its recent experience includes notable growth in tax litigation and transfer pricing work. Co-leading the group are Paolo Baruffi and Gilberto Comi, who both advise the top-level management of industrial and commercial companies.

Practice head(s):

Paolo BaruffiGilberto Comi

Testimonials

Competence, professionalism and updating of clients.

Paolo Baruffi’s team carries out quality work and pays great attention to the client.

Key clients

Arcobalegno

Arkema France

Arkema

Bentel Security

Lega 3000

Lemanik

Nexans Italia

Westlake Compounds Italy

Work highlights

  • Advised Lemanik on the fiscal process surrounding the setting up of a subsidiary and opening of an office.
  • Assisted Arkema with the tax litigation concerning the alleged violation of the transfer pricing rules during 2013-2014.
  • Assisted Lega 3000 with a tax dispute concerning the non-deductibility of costs and VAT for operations which were allegedly non-existent during the financial year for 2012.

De Berti Jacchia Franchini Forlani

De Berti Jacchia Franchini Forlani’s core tax areas remain transfer pricing and permanent establishment issues, as well as national and international tax matters, APAs, MAPs, pre-contentious matters, tax audits and tax litigation. Massimiliano Gazzo is a national and international taxation specialist, while Tiziana Zona is a transfer pricing expert.

Practice head(s):

Massimiliano GazzoTiziana Zona

Testimonials

Great attention is paid to the client.

What is striking is the professionalism, as well as the care with which they treat each topic.

Great value is attributed to the team. They are always the same professionals – additions are made but nobody leaves. This means that they are a family!

An excellent quality/price ratio, which does not hurt at all in today’s day and age.

Massimiliano Gazzo and Tiziana Zona are the best partners that a company can have on its business journey – precise, fast, solid performers and attentive. With them we have always brought home the target.

Key clients

De Rigo Group

Lesaffre

TDV Industries

Eudorex

EnerGas

Kalorgas

Rhiag

IKN

Global Blue

Wacoal France

SiteGround Group

Optimo Next

Brioni

Stanley International  Betting

Culligan Group

Sandvik Group

Commerzbank

Currie & Brown

Koopman Group

Cendres+ Métaux Group

Crane Worldwide Logistics

PM Plastic

Selgas

Coripet

Work highlights

  • Assisted De Rigo Group with APAs, MAPs and EU Arbitration Convention procedures.
  • Advised Koopman Group on developing its business in other countries, which involved (inter alia) transfer pricing and permanent establishment issues.
  • Assisted Cendres+Métaux with the tax aspects of its business restructuring process.

Eversheds Sutherland Associazione Professionale

Co-led by Marco Melisse and Sebastiano Sciliberto, Eversheds Sutherland Associazione Professionale focuses on transfer pricing and tax litigation in relation to cross-border transactions; and the practice has a strong client base in the automotive, food distribution, agribusiness and healthcare sectors. It is also able to leverage an enviable international network.

Gattai, Minoli, Partners

Gattai, Minoli, Partners’ tax department regularly acts for global private equity funds and international banks on the tax issues surrounding cross-border acquisitions. Heading the five-strong group, Cristiano Garbarini consistently advises on M&A tax structuring and LBO transactions; and recently promoted counsel Alban Zaimaj has international taxation and corporate tax experience. Domenico Ponticelli was a new arrival in March 2022.

Practice head(s):

Cristiano Garbarini

Other key lawyers:

Alban Zaimaj; Valentina Buzzi; Domenico Ponticelli

Testimonials

The Gattai team is extremely responsive and easy to work with, ensuring a good deal of trust can be established in the client-adviser relationship.

They are excellent at introducing other service lines, as well as network contacts when queries arise outside of Italy.

The team is very attentive to client management.

Competence, experience and tenacity.

Cristiano Garbarini is an excellent adviser, who is always very flexible in making himself available to assist with queries and very pragmatic when it comes to offering solutions to complex issues – he also has broad and deep knowledge of the Italian tax considerations that impact our investments and investors.

Great for the competence and professionalism of Cristiano Garbarini.

Cristiano Garbarini is always very helpful, highly skilled and knows how to navigate every litigation stage.

I worked with Cristiano Garbarini and counsel Alban Zaimaj, who are characterised by their considerable expertise in Italian tax and broad visions of international taxation – great availability and professionalism.

Key clients

Intermediate Capital Group

BlueGem Capital Partners

Alpha Private Equity

Investcorp

Italmobiliare

HPS

BNP Paribas

Goldman Sachs

Teamsystem

Barclays

J P Morgan

UniCredit

Intesa San Paolo

The Carlyle Group

Morgan Stanley

Work highlights

  • Advised Investcorp funds on the structuring of the acquisition of an Italian tech group.
  • Advised a consortium of banks (J P Morgan, Barclays, BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs, Morgan Stanley, Nomura and UniCredit) on the tax aspects of a €1.6bn acquisition financing.
  • Advised a consortium of banks (J P Morgan, Goldman Sachs International and UniCredit Bank) on the tax aspects arising from the arrangement and funding of €350m high-yield senior secured notes, which were issued by an Italian provider of facility management services.

Hogan Lovells International LLP

Hogan Lovells International LLP’s practice covers the tax issues arising from M&A deals, capital markets, restructurings, and venture capital and private equity funds. It also assists with administrative matters and tax proceedings. Counsel Serena Pietrosanti heads the Italian tax practice, which includes experienced senior associate Maria Cristina Conte.

Practice head(s):

Serena Pietrosanti

Other key lawyers:

Maria Cristina Conte

Testimonials

The advice and answers are always very relevant, and the team is very available and efficient.

The tax team is very active, attentive to clients, always available to resolve doubts and issues, and has a particular approach to cost benefits.

Good digital capacity that allows us to maintain continuous relationships even during this difficult pandemic period.

Great network of relationships and skills, and good availability of services.

The tax department of the firm demonstrates an in-depth knowledge of subjects, above all the tax issues surrounding financial and structured finance transactions.

Compared to other law firms, I particularly appreciated the commercial attitude and proactivity to finding the most suitable solution for the client’s needs.

Counsel Serena Pietrosanti is an excellent professional, who is always attentive, available and has excellent analytical skills – she pays particular attention to ensuring that the result complies with the rules, as well as being the most appropriate solution.

Senior associate Maria Cristina Conte is appreciated for her experience in financial transactions (above all securitisations, including real estate) and her knowledge of the sector. Her ability to manage the relationship with the client, and to understand issues that are sometimes not easy for those who are not experts in the subject, make her an important point of reference for tax work.

Key clients

Argo Group

Banca Monte dei Paschi di Siena

Banca Valsabbina

BNP Paribas Cardif

Cassa Depositi e Prestiti

Equita SIM

Ferrovie dello Stato

Nissan Italia

Kuwait Petroleum

Work highlights

  • Assisted BNP Paribas Cardif with the tax aspects surrounding the sale of Cargeas Assicurazioni to Intesa Sanpaolo Vita.
  • Assisted UniCredit Banking Group with the tax aspects surrounding the structuring of a securitisation of tax claims.
  • Advised BNP Paribas/BNL on the sale of 80% of Axepta Italy to Worldline, including all tax implications of the deal and the consequent creation of a joint venture with Worldline.

Macchi di Cellere Gangemi

Macchi di Cellere Gangemi‘s department is best known for international taxation; tax audits and tax litigation; energy tax and environmental taxation; VAT and excise duties; automotive and car rental tax issues; real estate transactions; and private client work. Domestic and international corporate taxation expert Bruno Gangemi leads the team.

Practice head(s):

Bruno Gangemi

Testimonials

The availability and constructive approach are features that I have been able to appreciate a lot.

I had the pleasure of collaborating with partner Federico Di Cesare, whose quality and commitment were appreciated.

Key clients

Interflora

Supergas

PayPal SE Italia

European Space Agency

EMC Computer Systems Italia/Dell

Diesel

Work highlights

  • Advised Interflora on several complex VAT issues connected to its business structure.
  • Advised PayPal SE Italia on the procedure for obtaining an advance pricing agreement with the Italian tax authorities.
  • Advised the European Space Agency on the application of registration tax to selected agreements entered into in Italy with private counterparties.

Nunziante Magrone

Nunziante Magrone’s practice recently experienced an uptick in tax litigation. The group is co-headed by Claudio Giordano, a specialist in transfer pricing, optimisation of dividends, interest and royalties, VAT, and tax litigation; Carlo Sallustio, whose career includes working at the Italian Tax Authority; and hotel sector expert Fabio Capezzone.

Other key lawyers:

Alice Cogliati Dezza

Testimonials

The team is very responsive and experienced.

Excellent collaboration and great competence.

I am highly satisfied with the firm’s service – response times are excellent, and most importantly these responses are precise, professional and to the point.

Claudio Giordano is a superb lawyer with an exceptional ability to explain complex matters in a down-to-earth way.

I was able to appreciate the accuracy of Carlo Sallustio’s work, as well as his availability and preparation, as he assisted me in an excellent way during my company’s extraordinary transactions, not only from a fiscal point of view, but also from a corporate and legal point of view.

Carlo Sallustio’s greatest advantages, compared to competing firms and professionals, are his considerable professional preparation, accuracy of advice, availability, and speed in dealing with problems submitted to him.

Fabio Capezzone covers a wide range of sectors/industries, is very responsive, a solution maker, and pleasant to work with.

Fabio Capezzone provides an outstanding level of service that adds value to our business.

Key clients

Global Knafaim Leasing

Net Service

Molo Hotel Group

Toyota Motor Europe

General Motors

Electrolux

Radisson Hotel (Milan and Rome)

Southern Cross Group

Adamis Group Italia

The British School at Rome

Agile Sports Technologies

Clyde Bergemann

Sogemar

AGSM AIM

International Christian Fellowship

Roxcel

Misumi Europe

Work highlights

  • Advised General Motors on both a transfer pricing audit and the subsequent application for an arbitration procedure under the EU Arbitration Convention.
  • Advised Adamis Group Italia on a consultancy service, based on a proprietary technology branded “My Beauty Whisper”.
  • Assisted Molo Hotel Group with the various options available in order to structure future acquisitions tax-efficiently.

PwC TLS Avvocati e Commercialisti

PwC TLS Avvocati e Commercialisti routinely advises multinationals, Italian corporations, family businesses and HNW individuals. Fabrizio Acerbis leads the tax practice, which includes cross-border specialist Alessandro Caridi; M&A taxation and TMT corporate tax expert Nicola Broggi; and corporate taxation practitioner Dario Sencar. Experienced counsel Giulio Andreani joined from Dentons in 2020.

Practice head(s):

Marco Maulepas

Other key lawyers:

Michele Lenotti; Nicola Broggi; Dario Sencar; Claudio Valz; Giulio Andreani

Testimonials

Able to anticipate market trends.

Great willingness to understand clients’ needs.

Competence and professionalism.

Solid reputation for its professionalism, approach and problem-solving skills.

Great willingness to listen and speed in solving problems.

Professionalism and great people skills.

The 2020 addition of counsel Giulio Andreani to the PwC tax team has brought competence and authority that is difficult to match, both in terms of interpretation of tax law and the ability to communicate with the client.

Giulio Andreani effectively resolved the obstacles encountered during discussions with the financial administration – a highly trained professional.

Key clients

Intesa Sanpaolo

Euronext

Intesa San Paolo

Generali Group

Barry Callebaut

Technoprobe

Waster Italia

KSM

Eviva

Best International

Tupy

Pedrollo

Enel Group

Blackstone Infrastructure Partners

CPP Investments

Comer Industries

Etro

Foresight Group

Glennmont Partners

PGGM

SIT

Unicredit

BPER Banca

Carige

Work highlights

  • Assisted Intesa Sanpaolo with the direct and indirect taxation and transactional tax implications, which arose from the integration of the UBI Banca Group into the Intesa Sanpaolo Group.
  • Assisted Euronext with the tax side to the acquisition of the Borsa Italiana Group from the London Stock Exchange Group.
  • Assisted Intesa San Paolo, UniCredit and Generali Group with regulatory compliance with the recently implemented European Directive DAC6 and the transposition regulations in different member states.

EY TAX & LAW ITALY

EY TAX & LAW ITALY’s group is co-led by transfer pricing leader Davide Bergami; tax policy and controversy head Maria Antonietta Biscozzi; Quirino Walter Imbimbo, a transaction tax team member; Alessandro Padula, who has ‘extensive experience and knowledge’; business tax services leader Alexia Pinter; and the ‘always available’ Savino Tatò.

Practice head(s):

Davide Bergami; Maria Antonietta Biscozzi; Quirino Walter Imbimbo; Alessandro Padula; Alexia Pinter; Savino Tatò

Testimonials

Very competent team with all members aligned and easily interchangeable, which therefore allows a lot of flexibility and availability.

Extremely helpful, and in cross-border corporate transactions the team was able to co-ordinate and manage issues comprehensively (even with UK colleagues).

A competent and well-structured team that is flexible and constructive.

Deal-oriented approach.

Alessandro Padula has extensive experience and knowledge of international funds and related structures.

Savino Tatò is always available.

Key clients

Auchan

Aler Milano

Safilo

KKR

Peninsula Capital

Springwater Capital

Rhone (PE Fund)

Link Mobility

Permobil

Carrefour

Albany

Bertschi

Vestas

FIVELEX Studio Legale e Tributario

FIVELEX Studio Legale e Tributario’s group is co-headed by real estate and financial taxation specialist Francesco Mantegazza; and corporate tax, VAT and tax litigation expert Fabio Oneglia, who joined from Pirola Pennuto Zei & Associati. The team advises groups, institutional investors and private equity funds on acquisitions, mergers and reorganisations.

Other key lawyers:

Gianluca Pozzi

Testimonials

A team that is highly specialised in tax matters.

The firm is characterised by a boutique approach, and it is firmly at the service of clients’ needs with 24/7 assistance.

The key strength is the ability to synthesise and analyse problems, and to combine that ability with impeccable professional knowledge.

Solid experience gained with foreign clients, which in many cases also facilitates the management of tax issues by the SGR.

Defines very specific support that responds exactly to the client’s requests.

The professional, as well as human, skills of Francesco Mantegazza make him extremely efficient during negotiation phases, as well as being precise and punctual in his analysis.

‘Fabio Oneglia is a professional who knows how to combine great professional preparation with 360° support for the client. He becomes a partner for every strategic and important decision, gaining the trust of the company’s top management and shareholders, thanks to his pragmatic and substantive approach.

Fabio Oneglia demonstrates excellent knowledge of the issues discussed, great availability and promptness in supporting us.

Key clients

Kryalos SGR

Kervis Asset Management

HIG Capital

SC Lowy

Savills Investment Management SGR

BNP Paribas REIM Italy SGR

AEW Europe

BNP Paribas REIM Luxembourg

DeA Capital Real Estate SGR

BARINGS Real Estate

Blackstone Real Estate Advisors

Bain Capital Credit

CarVal Investors

P3 Logistic Parks

Primonial Luxembourg Real Estate

Reale Immobili

Invesco Real Estate

JP Morgan Real Estate

Work highlights

  • Assisted the European Impact Property Fund – EIPF (managed by BNP Paribas Real Estate Investment Management) with the tax aspects surrounding the acquisition of an Italian company that owns an office building in Milan’s Via Benigno Crespi.
  • Assisted the European Core Property Fund (managed by Italian asset management company Kryalos SGR and fully subscribed by Barings-advised Luxembourg funds) with the sale of an Italian company that manages the Parco Fiore Retail Park in San Fior (Treviso).
  • Assisted Reale Immobili with the tax side to the acquisition from BentallGreenOak of all the shares of an Italian real estate fund named GO Italia IV, which owns a large real estate complex in Rome’s Piazzale Flaminio.

K&L Gates

K&L Gates’ Italy tax practice leverages expertise from the firm’s other European and non-European offices, and the group is particularly experienced in providing transactions-related tax advice. Vittorio Salvadori di Wiesenhoff is an expert in the tax aspects of financial transactions, corporate reorganisations, M&A, and private equity and real estate deals.

Testimonials

Always offers punctual solutions, especially in tax law, and the costs are always in line with the market.

The professionals of the firm are all very prepared and proactive.

Vittorio Salvadori di Wiesenhoff is an expert in tax and fiscal law, and extremely helpful.

Vittorio Salvadori di Wiesenhoff is a very clear and commercial adviser, with strong regulatory and market knowledge to back up his tax expertise.

Key clients

Barings Real Estate Advisors Europe

DeA Capital Real Estate

UBS Asset Management

GWM Capital Advisors

Allianz Real Estate

Anima Alternative SGR

Crea.Re Group

Savills Investment Management SGR

Stonehill Group

Work highlights

  • Assisted CreaRe Group with the tax aspects of its co-investment (together with Zetland Capital) in Italian closed-end real estate fund Gran Torino.
  • Assisted Anima Alternative SGR with the establishment of an Italian closed-end reserved alternative investment fund that complies with the investment limitations and restrictions of the Italian individual savings plan tax regime.
  • Assisted Stonehill with the tax side to the development of purpose-built student accommodation in Bologna.

LCA Studio Legale

LCA Studio Legale’s practice covers income tax, VAT, indirect taxation, excise fees and customs duties. It also handles international tax issues. Practice head Roberto Pellizzari is noted for financial, corporate and international taxation, as well as for his experience in the tax issues surrounding extraordinary transactions. Giulio Azzaretto left the firm.

Practice head(s):

Roberto Pellizzari

Testimonials

The firm’s strengths are professionalism, competence, experience, network of relationships, a very direct approach and transparency.

The firm brilliantly and promptly resolved a couple of longstanding issues with the Milan Revenue Agency (tax credits) that had been dragging on for years, and which other professionals had worked on without obtaining anything.

Roberto Pellizzari is a highly empathic and very competent person, who does not place himself on a pedestal, but who points the way, making the client understand the suggested path.

Key clients

Trenord

Veolia Water Technologies Italia

Omer

Libera Energia

Nord Energia

Emcure Pharmaceuticals

Emera Group

Casinò de la Vallée

Consorzio Agrario Terrepadane

Antonio Carraro

Isagro

Geneplanta

ASR Moda International

Dea Holding

H – Farm

Work highlights

  • Provided tax assistance to Geneplanta (both at national and international level), in relation to the structuring phase of a sale and purchase agreement, as well as during the selling phase.
  • Assisted Antonio Carraro during the re-evaluation of the asset value of its historical brand, which allowed the company to optimise a depreciation-related tax deduction.
  • Assisted Isagro with several tax issues in relation to a sale and purchase agreement with FMC Corporation.

LDP Tax & Law

LDP Tax & Law fields specialists in international taxation, compliance and transfer pricing, along with the tax aspects of M&A, corporate finance, private equity, and restructuring and insolvency. Co-led by Giuseppe La Naia and Monica Di Oronzo, the team also acts in tax litigation and dispute resolution.

Other key lawyers:

Raffaele Caso; Fabio Galliani

Key clients

Pepco Italy

Newsana

Medis Medical Imaging Systems

Advance Medical Imaging Development

IDT-Systems

Rossow Group

Eurowind Energy

Richard Mille

Enervitabio Santa Reparata Società Agricola

Piksel

Petronas

Tarkett

Brunel International

ADP Italy

Docebo

World International School

Auto Export Corporation

Health Data Specialists

Morri Rossetti e Associati

Co-led by partners Davide Attilio Rossetti, Daniela Pasquarelli and Fabrizio Gaetano PacchiarottiMorri Rossetti e Associati advises on the tax issues surrounding the planning and implementation of corporate transactions (both ordinary and extraordinary), real estate deals, acquisitions and sale of equities, and the reorganisation and restructuring of companies and groups.

Testimonials

The firm is well structured and able to satisfy all client needs.

Capable of providing advice directly (with the help of a team of collaborators) or redirecting to another colleague in the case of very specific issues. The firm also sends an interesting weekly newsletter!

Very flexible in adapting to different requests and very quick in providing answers.

Very friendly, never arrogant – super-easy to establish a fruitful collaboration.

Professionalism and fairness.

Davide Attilio Rossetti and Daniela Pasquarelli are always very willing to provide direct advice and opinions; and in the case of critical issues, they always undertake to carry out in-depth analyses and internal research, avoiding expressing hasty opinions that have little added value.

Key clients

CSI – Compagnia Surgelati Italiana

Jindal Films Europe Virton

Eat & Joy

Gruppo IVA Kruk Italia

Hackett Italy

Data 4 Italy

Pavia e Ansaldo

In January 2021, Pavia e Ansaldo recruited private equity-related M&A tax structuring expert Giuseppe Alessandro Galeano (as partner), and a team of six tax advisers, from CBA Studio Legale e Tributario. In addition to M&A-related tax mandates, the practice has strong tax litigation credentials. Marco Jannon advises on energy-focused tax matters.

Testimonials

Excellent knowledge of the needs of private equity operators.

Professionalism, competence and transparency.

A close-knit team with client care and timeliness.

The consultancy service provided by Pavia e Ansaldo is characterised by utmost professionalism, flexibility and orientation to the client’s needs. We confirm that we have an excellent relationship in place.

Giuseppe Alessandro Galeano is competent, precise and punctual.

Key clients

Enovos

Contourglobal

Stirling Square Capital Partners Italy

Tüv Rheinland Italia

Basell Poliolefine

Obton

Asaro Matteo-Cosimo-Vincenzo

Christie’s International SA Filiale Italiana

ENPAM

Fondoposte

McKinsey & Company (Italia)

Ogury Italy

Asahi Intecc

Stena Line

Montrasio Italia

Valvitalia

Bruni Glass

Work highlights

  • Advised Fondoposte on the tax ramifications of an investment in an alternative investment fund.
  • Assisted Ogury with its appraisal of a UK-based holding company.
  • Advised Valvitalia on various tax issues, including the tax elements of M&A and other corporate/commercial transactions.

Simmons & Simmons

Simmons & SimmonsMarco Palanca leads its Italian tax practice. Palanca is an experienced tax adviser and chartered accountant, who specialises in the taxation of structured finance transactions, complex financial instruments, and domestic and cross-border M&A deals. Providing further support in Milan are supervising associate Davide Pellegrini and associate Federico Ceccon.

Practice head(s):

Marco Palanca

Key clients

21 Invest

2R Capital

Arcmont Asset Management

Anacap

Ardian

Banca IFIS

Banco BPM

Bank of America Merrill Lynch

Berggruen

BlueBay Asset Management

BlueCrest Capital

BNP Paribas

BNYM

Bodino Group

Charterhouse Capital Partners

China Telecom

Citi

Credit Agricole

Credit Agricole Corporate & Investment Bank

Credit Suisse

Dedalus

DWS

Enel

F2i SGR

Flexagon Capital Solutions

Generali

Generali Global Infrastructure

Goldman Sachs

Greensill

HSBC

Kairos

IMI Fabi

Intermediate Capital Group

Lumenis Group

Lutech

Macquarie Group

Mediobanca

Monnalisa

Morgan Stanley

Nadella Group

Nuova Castelli Group

Octo Telematics

SIFI

SEDCO Holding

Pramerica

Pronto Pro

Prysmian

Royal Bank of Canada

Solution Bank

Three Hills Capital Partners

Tikehau Capital Management

Tudor Investment Corporation

Two Sigma Investments

UBI Banca

Unicredit

Saxa Gres Softlab

Vanguard Group

White Bridge

Witor’s

Xenon Private Equity

Studio Tributario Tognolo

Studio Tributario Tognolo’s practice covers assessments on places of effective business; gentlemen’s agreements; tax litigation; EU Arbitration Convention procedures; unilateral and bilateral APAs; patent box matters; and Italy’s co-operative tax compliance programme. Paolo Tognolo regularly provides tax advice to Italian multinationals, and Francesco Spurio has a broad tax practice.

Practice head(s):

Paolo Tognolo

Other key lawyers:

Francesco Spurio

Testimonials

Extreme competence in tax law, with extremely quick responses to the problems posed and openness to suggestions made by the client.

Reactivity, competence and willingness to listen.

An outstanding firm in all senses.

The team is very professional and serious. It carefully assesses and investigates the topics covered by the mandate; and over time, it has strengthened the team by including specific professional figures to cover clients’ needs fully, thereby limiting response times.

It is appreciable that the same professional follows you from the beginning of the instruction to the end, the advantage being not having to explain yourself again or finding yourself with an unknown professional at hearings.

A firm that stands out, as it looks for the best solutions for clients and with constant in-depth analysis; and its specialisation in international taxation is a real strength of the firm.

Paolo Tognolo is a precise and transparent person, who is always attentive to clients’ needs, and he relates with grace, professionalism, certainty and clarity. He has broad and in-depth knowledge of different areas and markets, which make him a unique partner for clients.

Paolo Tognolo and Francesco Spurio work very well together, and have the ability to interpret clients’ needs in order to satisfy them.

Key clients

Pirelli Group

Caterpillar Italy

TAL Group

Dolce & Gabbana Group

Bolton Group

Pearson Italy

DiaSorin Group

Prometeon Group

Work highlights

  • Assisted Pirelli International Treasury with both the filing of a ruling procedure for new investments and admission to Italy’s co-operative compliance programme.
  • Assisted Dolce & Gabbana with patent box matters.
  • Advised Pirelli Group on the definition of a transfer pricing policy, and in relation to bilateral APAs with the Italian tax authorities.

AC Avvocati e Commercialisti

AC Avvocati e Commercialisti routinely assists with tax compliance, national and international taxation, tax due diligence, legal opinions, and tax-related litigation. The names to note are Angelo Carlo Colombo, a former member of Lombardy’s Regional Tax Commission, and fellow founding partner Marilena Biella, as well as Luca NicolettiDavide Albonico and Roberto Rizzuto.

Testimonials

Professionalism and promptness in the responses.

Great availability.

Focus on the client, and knowledge and skills gained by highly experienced professionals are the elements that characterise the firm.

The firm provided me with personalised and quality legal and tax assistance.

Supported me in my most important choices, providing me with solid  answers.

The team of professionals is very united and they have always helped us achieve our goals, thanks to their technical preparation and practical experience.

Angelo Carlo Colombo is a professional with considerable technical preparation and an entrepreneurial spirit that allows you to establish a collaborative relationship that is in tune with the client and counterparties.

Marilena Biella is a trained and meticulous professional, who has a strong practical sense and a marked aptitude for grasping business opportunities for clients.

Key clients

Gorillas Italy

Guangdong SACA Precision

Ale International Branch

Artemide Group

Auto1 Group

Balconi Pressecentriche Clinica Veterinaria Nord Milano

Cving

Enza Zaden Group

Fondazione Politecnico

Gilardoni

Italian subsidiaries of Hager Group

Polihub Scarl

SBB Cargo Italia

Valdani Vicari & Associati

Valentino

Van Drie Group Italy

Zep Europe

Work highlights

  • Advises Valentino on VAT and customs issues.
  • Assisted Bocchiotti with VAT, AEO and other customs issues.
  • Advised Hager Lumetal on AEO and other customs issues.

Andersen in Italy

With over 30 years’ experience in international taxation and business reorganisations, the recent focus of Andersen in Italy’s European and Italian tax co-ordinator, Maricla Pennesi, covers the digital economy and risk management, including co-operative tax compliance and tax risk related good governance. Francesco Marconi co-ordinates the international tax division in Italy.

Practice head(s):

Maricla Pennesi

Testimonials

Proactivity, attention to clients’ needs, respect for deadlines, and excellent price ratio quality.

A qualified, well-matched team with strong leadership from the reference partner.

Strong professional ethics, clarity of fees, 360° interaction, and efficient and effective.

Focus on the client, availability and professionalism of the firm’s partners.

Professional ethics and clarity of fees.

Maricla Pennesi is extremely professional and has very high levels of technical expertise.

Stefano Rossi is a competent professional, who stands out for his strong empathy, as well as for his professional knowledge.

Paolo Trevisanato is appreciated for his precision and ability to manage the client.

Key clients

FCA

TIM

Jermann

Leasys

Bonvecchiati

Zoogamma

Feelera

Work highlights

  • Assisted FCA Bank with negotiations with the Italian Revenue Agency, in relation to signing an APA.
  • Advised Bonvecchiati on a tax structuring memorandum.
  • Assisted Jermann (a historic Friulian wine brand) with the due diligence, and contractual and fiscal aspects, surrounding a sale of its majority share to Antinori.

Ashurst

Ashurst’s tax practice in Italy is experienced in finance, fund matters, energy, real estate, VAT, and M&A and project finance transactions. ‘Always attentive and proactive’Michele Milanese has approximately 20 years’ experience in advising domestic and international clients, and his broad practice includes pre-litigation, litigation, tax compliance and transfer pricing.

Practice head(s):

Michele Milanese

Testimonials

A firm with very dynamic professional lawyers who are ready to meet your needs.

Strong clarity even for extremely complex matters.

Excellent relationship with Michele Milanese, who is always attentive and proactive in underlining relevant news – great availability in answering different questions, and the automatic alert service is also excellent.

Proactivity and competence from Michele Milanese.

Key clients

Generali Investments Partners SGR

Natixis

Pricoa

Kartesia

Work highlights

  • Assisting Generali Investment Partners with the tax side to opening new branches in Spain and Germany, and the expansion of its business in Portugal, Austria and Switzerland.
  • Advised Natixis on the refinancing of SUPERNAP Italia through a secured hybrid transaction, which included tax aspects.
  • Acted for Pricoa Private Capital, as initial purchaser of notes issued by HLD Italy Due to acquire the majority of the share capital of S3K (which included tax issues).

Bird & Bird

Bird & Bird’s 11-member tax group was recently particularly active in relation to transfer pricing (including patent box matters) and tax dispute resolution. Its assistance also covers compliance, M&A, and tax opinions on domestic and cross-border issues. Gaetano Salvioli leads the Italian tax practice, which includes senior counsel Giuliana Polacco.

Practice head(s):

Gaetano Salvioli

Other key lawyers:

Giuliana Polacco

Testimonials

The team at Bird & Bird has been great. Each team member has contributed to the final product, and the product was better because of the team’s full engagement.

The entire team at Bird & Bird was excellent and all of them were very knowledgeable.

Caiazzo Donnini Pappalardo & Associati – CDP Studio Legale

Caiazzo Donnini Pappalardo & Associati – CDP Studio Legale’s tax practice was set up in July 2020 by Francesco Bonichi, whose career includes leading Allen & Overy – Studio Legale Associato’s Italian tax team for approximately 20 years. The tax group covers private equity, alternative funding, fintech and smart contracts, ICM products and banking.

Practice head(s):

Francesco Bonichi

Other key lawyers:

Antonio Festa

Testimonials

Skills, professionalism and ethics.

Francesco Bonichi – seriousness, honesty and competence.

Key clients

Fineco Bank

Coca Cola HCC

Spafid

Telios Fund

Tik Securities

Zurich Insurance Group Italia

Rete Ferroviaria Italiana

UniCredit Leasing

Fondo Sistema Infrastrutture

Work highlights

  • Advised Fineco Bank on both the registration of a temporary office in the UK and the launch of ISA accounts.
  • Advised Coca Cola HCC on a corporate restructuring matter following the acquisition of an Italian brand.
  • Advised Fondo Sistema Infrastrutture on the liquidation of a mutual fund.

Giordano-Merolle Studio Legale Tributario

Giordano-Merolle Studio Legale Tributario was founded in 2017 by Vittorio Giordano and Andrea Merolle, both formerly at Ludovici & Partners. Giordano has substantial experience in trials before the Italian Supreme Court and the Italian Constitutional Court; and Merolle’s experience includes acting before the Italian Tax Courts, as well as tax planning work.

Other key lawyers:

Martina Bettarini

Testimonials

The firm is characterised by a personalised approach and in-depth knowledge and experience in tax law. Despite the young age of the partners and collaborators, what characterises the firm is the ability to offer, at a competitive cost, consultancy services and litigation activities on extremely complex issues.

Compared to other law firms operating in the same sector, the firm stands out not only for its expertise in some of the most challenging areas of taxation (such as financial taxation or judicial representation before the Court of Cassation), but also for the type of answers it is able to offer in a short time.

One of the most important characteristics is the ability of the firm’s partners and collaborators to offer pragmatic, clear and concise answers, which are based on profound analyses of the discipline and the general applicable principles.

The team is very close-knit and does excellent teamwork. I was struck by the ability to combine its considerable experience gained in tax audits and litigation, which allowed us to prevent disputes with the financial administration.

All the professionals of the firm, with whom I had the opportunity to interface, have profound technical knowledge of the subject and are highly available.

Vittorio Giordano is a point of reference for all tax litigation issues, and stands out from many of his competitors for his experience in judgments before the Court of Cassation.

Andrea Merolle is a go-to adviser for financial taxation issues and for tax planning, including international matters, where he stands out for the innovative and tailor-made solutions proposed.

Equally valid are the younger collaborators, particularly senior tax lawyer Martina Bettarini, who impressed me with her technical skills in business income, as well as her versatility.

Key clients

Findomestic Banca

Unicredit

Banca Nazionale del Lavoro

BNP Paribas

International Factors Italia

Unicredit Leasing

Cardif Assurance Vie

Cardif Assurances Risques Divers

Consorzio RFX

BNP Lease Leasing Solutions

Italo Calvino’s Estate

Work highlights

  • Assisted Findomestic Banca with the tax issues concerning the securitisation of receivables that derived from consumer loans.
  • Assisted Unicredit with various Tax Court and Supreme Court claims for the reimbursement of miscellaneous tax credits.
  • Assisted Banca Nazionale del Lavoro with both a settlement procedure and before the tax court, in relation to real estate taxes.

Giovannelli e Associati Studio Legale

Giovannelli e Associati Studio Legale’s Eugenio Romita advises on the corporate taxation aspects of M&A, reorganisations, litigation and real estate. Romita also assists with finance taxation and family business tax, and serves as industrial and financial companies’ statutory auditor. Giorgio Vaselli recently joined as partner from Withers Studio Legale.

Practice head(s):

Eugenio Romita

Other key lawyers:

Giorgio Vaselli

Testimonials

Professionalism, competence and rapid response times.

Competence and reliability, particularly from Eugenio Romita.

Eugenio Romita has great technical knowledge and is an assertive person, who is competent but also skilled in simplifying complex concepts for the client.

Key clients

Amber Capital SGR

Banca Galileo

Benvic Europe

CMT Utensili Group

Equita Capital SGR

Genextra

Green Stone SICAF

Immobiliare.it

Investindustrial

Italian Wine Brands

Mediobanca Group

Mezzanove Capital

Objectway Group

Permasteelisa

Profilmec Group

Riello Investimenti Partners SGR

ABC Farmaceutici

SABO

Gitti and Partners

Gitti and Partners’ tax practice is co-led by Diego De Francesco, who advises corporate and private clients on international taxation and cross-border transactions (particularly M&A and private equity matters for investment funds in Italy); and Marco Ettorre, a tax defence practitioner. Paolo Ferrandi provides tax advice to significant European funds.

Key clients

ARDIAN

Principia SGR

Mandarin

Dea Capital

Nuo Capital

Aksia SGR

LED Taxand Studio Legale Tributario

LED Taxand Studio Legale Tributario is the Italian member of global tax organisation Taxand. Alfredo Fossati assists with complex tax issues involving Italian and multinational groups and financial investors; and Guido Arie Petraroli is an international tax and tax litigation specialist. Jean-Paul Baronimakes the complicated Italian tax system simple’.

Testimonials

Great people and expertise.

Excellent professionalism and availability.

Jean-Paul Baroni makes the complicated Italian tax system simple, and is always ready to find a solution.

Jean-Paul Baroni and his collaborators assist clients with all matters, from fiscal to civil and administrative law, compliance and M&A.

Key clients

AnaCap

Bayview

ADEO Group (In Italy – Leroy Merlin Italia S.r.l. and Bricoman Italia S.r.l.)

Xenia Real Estate

Arya SPV

Genetic

Coima SGR

Edenred

Ritrama

Hines

Groupe Atlantic

Klépierre

Work highlights

  • Advised Genetic on the tax aspects of CVC Strategic Opportunities’ agreement to acquire a majority stake in the Genetic business.
  • Assisted ADEO Group with the tax aspects of the transfer of seven real estate assets in Italy to a new investor.
  • Advised Bayview on the tax aspects of the implementation of a real estate securitisation vehicle.

Valente Associati GEB Partners

Valente Associati GEB Partners’ practice covers tax planning, restructuring, tax governance and transfer pricing; and its assistance includes pre-litigation and dispute resolution phases, as well as criminal tax law. Piergiorgio Valente regularly advises on complex group reorganisations, and Federico Vincenti’s experience includes APAs, investment rulings, MAPs and transfer pricing.

Practice head(s):

Piergiorgio Valente

Other key lawyers:

Marco Bolzoni; Federico Vincenti

Work highlights

  • Assisted a client from the robotics sector with the tax aspects of a post-IPO reorganisation.
  • Assisted several automotive and chemicals industry sector clients with  mutual agreement procedures.