Francesco Di Carlo > FIVELEX Studio Legale e Tributario > Milan, Italy > Lawyer Profile

FIVELEX Studio Legale e Tributario
20121 MILAN

Work Department

Banking and finance, Insurance, Listed companies, Corporate and commercial, Mergers and acquisitions, Anti-money-laundering.


Equity partner and co-managing partner.


Founding partner and co-managing partner of FIVELEX Studio Legale e Tributario, Francesco Di Carlo began practicing in 1995 and after significant experience at leading Italian firms, in 2000 he co-founded Annunziata e Associati, where he was stayed until the foundation of FIVELEX Studio Legale e Tributario.
He has longstanding experience in advising financial institutions and Italian and foreign funds on banking, financial, insurance and company law matters.
His expertise is mainly focused on the incorporation and authorization of financial industry players and funds, M&As and Italian and international corporate reorganizations, the provision of cross-border reserved transactions, the structuring of remuneration plans and policies, the structuring of financial products and club deals, the support to family offices and private bankers in relation to issues and needs of private clients and assistance to intermediaries with the administrative stage of the penalty proceedings initiated by Supervisory Authorities.
He has also developed significant experience with the regulatory supervision of listed companies, with particular regard to the protection of minority shareholders, corporate governance, related-party transactions, reporting obligations and market abuse.
He has assisted major international institutional investors in the management of their shareholdings in listed companies at the various stages of their investments, including with respect to governance issues and damages claims.
He is often involved in innovative projects related to legislative changes in his areas of practice.
He has been working for years with the major Italian and international Authorities.
Awarded and ranked on banking, finance and regulatory.


Italian, English.


Registered with the Register of Chartered Accountants and Tax Advisors in 1999.


Degree in Economics from Università Cattolica del Sacro Cuore, Milan, in 1994.

Lawyer Rankings

Italy > Investment funds

FIVELEX Studio Legale‘s team advises on the structuring and implementation of collective investment management schemes, in relation to public equity, private equity, venture capital and real estate investment funds. It also assists with setting up and distributing units and shares in funds. Francesco Di CarloEdoardo Guffanti and Mara Fittipaldi are the key contacts.

Italy > Commercial, corporate and M&A

FIVELEX Studio Legale has expertise in high-profile M&A, particularly in relation to primary mid-cap companies. Alfredo Craca regularly acts on major acquisitions, mergers and joint ventures; and Francesco Di Carlo and Claudio Tatozzi both advise on corporate matters. Further support is provided by salary partners Carlo Sbocchelli and Flavio Acerbi.

Italy > Banking and finance: Bank regulatory

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

Comparative Guides

Italy: Alternative Investment Funds September 2021 This country-specific Q&A provides an overview to Alternative Investment Funds laws and regulations that may occur in Italy.