CMS > Milan, Italy > Firm Profile

CMS
GALLERIA PASSARELLA, 1
20122 MILANO
Italy

Italy > Tax Tier 2

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):

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.

Italy > Banking and finance: Bank regulatory Tier 3

Acting for banks, funds, investment companies and payment institutions, CMS‘ Italy practice assists with the regulatory issues surrounding investment services, asset management activities, insurance, and financial and payment services. With longstanding regulatory experience, Paolo Bonolis is the contact partner for several leading domestic and international banks and financial institutions; counsel Maria Giovanna Pisani‘s areas of expertise include the regulatory compliance issues surrounding banking and financial and investment services.

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Testimonials

Competence, professionalism and versatility.

The team that follows us is very prepared in relation to regulatory matters, and it is used to working in international contexts – at the same time the team is very precise when identifying possible differences that differentiate the Italian legislation from European laws, and is able to suggest dedicated solutions to comply with both.

A well-established and very collaborative team that works very closely with clients, and suggests ad-hoc solutions depending on the problem.

The team is able to advise on all relevant areas from a single source and the quality of the support is very high.

The availability of the team is always guaranteed, even at very short notice – collaboration with the responsible partner and team members is simple, efficient and pleasant.

Paolo Bonolis responds with high professionalism and speed to our requests. He has high levels of expertise in our areas of law, both at national and European level, and has an important international background. He knows our business well, and is able to find pragmatic and efficient solutions.

Counsel Maria Giovanna Pisani is always available to analyse the legislation. She stands out because she manages to apply the implementation of the regulatory part to our reality and suggest valid solutions.

The added value of Maria Giovanna Pisani is that she is clear, precise and proactive.

Key clients

Intesa Sanpaolo

Aberdeen Group

Legal & General Investment Management

Aareal Bank

SIX Payment Services

Commerzbank

CMC Markets UK

Quantessence Financial

Zurcher Kantonalbank

Nuveen

Macquarie

Monese

IM Global Partners

Barings

Beerfin

La Banque Postale

Binance

Work highlights

  • Advised Aberdeen Asset Managers on the process of obtaining CONSOB’s authorisation for the provision of investment services in Italy as a non-EU investment company.
  • Advised Legal & General Investment Management on the establishment of its Italian branch and the regulatory aspects surrounding the provision of investment services in Italy.
  • Advised Six Payment Services on the regulatory aspects surrounding the transfer of acquiring agreements from BPER.

Italy > Industry focus: TMT Tier 3

CMS‘ technology, media and communications global practice comprises two Italian offices, one in Rome, led by Italo de Feo, and one in Milan under the leadership of Paolo Scarduelli. Both teams are highly specialized on matters relating to IT, data privacy and commercial law and particularly stand out in the healthcare and telecom sectors, with an emphasis on telemedicine and solutions for start-ups and SMEs. Matia Campo ‘is very fast, flexible and always able to suggest the best legal assistance related to the subject at hand.’

Practice head(s):

Italo De Feo; Paolo Scarduelli

Other key lawyers:

Testimonials

‘The team is made up of highly competent people capable of finding business-oriented legal solutions.’

‘The professionals are extremely helpful and always reachable in case of urgency.’

‘Professional competence and customer orientation.’

‘Italo de Feo – punctual and pragmatic support with appreciable speed and flexibility in providing solutions and assistance. Mariangela Selvaggiuolo – accuracy and punctuality in the preparation of legal documents and in the management of problems related to the area of expertise’.

‘Absolute and undoubted competence of Italo de Feo and his team.’

‘Italo de Feo stands out for its professionalism but also for its fairness towards collaborators and customers.’

‘The firm and in particular Matia Campo are always ready to answer any question in a short time and allowing a type of invoicing that is far more convenient if compared to other law firms of equal / similar rank.’

‘Matia Campo is very fast, flexible and always able to suggest the best legal assistance related to the subject at hand. Highly recommended!’

Key clients

Intesa Sanpaolo

Audible

Telepass

TIM Ventures

Alchimia

Ultraspecialisti

ufirst

Corriere dello Sport/Tuttosport

Warner Chappell Music

Zentiva

Avanade

Bolttech

Mr. Alex Knaster/Pisa Calcio

Microsoft

Intesa Sanpaolo

HP

Ebay

Telepass

TIM Ventures

Alchimia

Keyless Technology

Ultraspecialisti

Ufirst

Corriere dello Sport/Tuttosport

Warner Chappell Music

Zentiva

Avanade

Bolttech

Brembo

AIG

Porsche

Volkswagen

Sony

Geosmartcampus

Work highlights

  • Assisted Intesa Sanpaolo in the drafting and negotiation of the cloud services agreements signed with TIM and Google.
  • Advising the Italian headquartered digital toll-road payment company, Telepass, on its concession agreements in Italy and in other European countries and on the launch of its services in several European countries, including Switzerland Germany, Hungary, Belgium, France, Poland and Austria.
  • Assisting TIM Ventures in different investments in start-ups and other companies offering innovative products and services.

Italy > Investment funds Tier 3

CMS‘ Italy practice advises on a range of investment funds, including UCITs and AIFs; the team is regularly sought out for fund formation matters and ongoing activities. Clients also appreciate the firm’s incorporation of a funds group team, which operates on a cross-border basis. Widely respected banking and financial law head Paolo Bonolis and AIF specialist Andrea Arcangeli (who was made partner in April 2021) are the names to note.

Practice head(s):

Testimonials

Great attention to the client, who is supported during different and new phases of innovative operations.

Great willingness to deal with new issues and propositions so as to identify innovative solutions.

Key clients

Global Solar Fund

Legal & General Investment Management

Aberdeen Asset Management

Columna Capital

AON Investment

Sagitta SGR

citizenM Financial Holding

Hedge Invest SGR

Lemanik Asset Management

Heritage Capital

TIM Ventures

Work highlights

  • Advised Heritage Capital on the launch of a new fund of private equity funds, operating by way of a fintech platform.
  • Advised Sagitta SGR on the launch of a credit fund.
  • Assisted Citizen Financial Holdings with the set-up of a real estate fund, as well as the negotiation of the investment agreement and the terms and conditions of the funds with the fund manager.

Italy > Private equity Tier 3

CMS has strength in finance, capital markets, tax, competition and regulatory matters, in addition to a wealth of transaction types. Paolo Scarduelli leads the private equity practice, handling deals in a range of sectors including technology, media and communications, automotive, banking and insurance; his team is integrated with the global CMS Funds Group which supports key players with fund formation, fund merger, restructuring and debt finance mandates, among others.

Practice head(s):

Paolo Scarduelli

Other key lawyers:

Pietro Cavasola; Massimo Trentino; Paolo Bonolis; Andrea Arcangeli

Testimonials

‘The firm has excellent international colleagues.’

‘There is always a reference partner to deal with.’

‘Great attention to the customer and to support them in different and new phases of particular operations.’

‘Great willingness to deal with new issues and proposals to identify innovative solutions.’

‘It is able to adapt to local needs also in terms of price by adopting a specific policy and not limiting itself to international schemes.’

Key clients

Mr. Alex Knaster/Pamplona Fund

York Capital

Authentic Brands Group, Sparc

STS Group AG / Mutares

Nahrin AG

Landini Giuntini S.p.A.

Tubilux Pharma

TIM Ventures

Columna Capital Fund

SCM SIM S.p.A.

Lemanik Asset Management

Azimut Libera Impresa – Corporate Cash I

Swiss Crypto Advisors

Mr. Alex Knaster/Pamplona Fund

York Capital

Authentic Brands Group, Sparc

STS Group AG / Mutares

Nahrin AG

Landini Giuntini S.p.A.

Tubilux Pharma

TIM Ventures

Columna Capital Fund

SCM SIM S.p.A.

Lemanik Asset Management

Azimut Libera Impresa – Corporate Cash I

Swiss Crypto Advisors

Work highlights

  • Representing Mr Alex Knaster/ Pamplona in the purchase of the majority of Pisa Calcio, the historic Tuscan soccer club. The transfer of 75% of the company shares, and therefore of the current majority shareholding, from the Ricci and Paletti families to Alex Knaster, who acquired them personally and not through his investment fund, was formalised.
  • Assisting the family shareholders in the sale to PPF (Cinven Group) of the entire corporate capital of Landini Giuntini.
  • Assisting TIM Ventures with the acquisition of a relevant stake in Satispay (an Italian company leader in the digital payment sector) for a value exceeding €95m.

Italy > Commercial, corporate and M&A Tier 4

CMS caters to both Italian and multinational companies, with a focus on the energy, life sciences, healthcare, automotive, transport, construction and engineering industries. Practice head Pietro Cavasola is a veteran of many M&A, joint venture, contractual and commercial litigation mandates; he leads a team that is primarily focused on mid-market transactions.

Practice head(s):

Pietro Cavasola

Other key lawyers:

Matteo Ciminelli; Massimo Trentino; Dietmar Zischg; Paolo Scarduelli; Daniela Murer

Testimonials

‘Dedication to the customer, sharing of objectives, respect of deadlines and high quality output.’

‘Professionalism, customer-orientation, objectivity and problem solving.’

‘Good communication skills; good short term availability; efficient and timely approach.’

Key clients

NH Hotels S.A.

Landini Giuntini S.p.A.

Synlab Holding Italy

Volkswagen AG

Authentic Brands Group, Sparc

Mr Alex Knaster/ Pamplona

Portals

Voith GmbH & Co. KGaA

Tubilux Pharma

Periodica Srl (Gruppo Amodei)

SPRL 9Hôtel Collection International (Tagerim Group)

Tim Ventures

STS Group AG / Mutares

Strix Group

Coty Inc

Charles Taylor Adjusting Limited

Nahrin AG

Vita Research – Shareholders

Vita International Limited

Charles Taylor Adjusting

Emerson Progea

Work highlights

  • Advised NH Hotels on the acquisition of operations (business and personnel) of a portfolio of eight high-end hotels located in Rome, Florence, Venice (x2), as well as in Nice, Prague and Budapest (x2) from Covivio Hotels, in the context of the acquisition by Covivio Hotels of the whole portfolio (including hotel properties) from Varde, for a total value of approx. €573m.
  • Assisted the family shareholders in the sale to PPF (Cinven Group) of the entire corporate capital of Landini Giuntini.
  • Ongoing assistance (since 2013) – both in M&A (more than 30 M&A transactions the last year) and in public procurement, regulatory and commercial contract sectors to Synlab Holding Italy, one of the largest European medical diagnostics group.

Italy > Compliance Tier 4

CMS' Italy team leverages notable business crime capabilities, covering both defence work in relation to criminal prosecutions and investigations, as well as compliance advice. Heading the fraud and corporate criminal defence department in Italy, the 'absolutely reliable' Emilio Battaglia has substantial expertise in relation to Decree 231-related criminal liability work.

Practice head(s):

Testimonials

A team comprising trained and available professionals.

Preparation, professionalism and fairness.

Exceptional competence, availability and flexibility with respect to client needs.

Emilio Battaglia is an absolutely reliable person when compared with other lawyers.

Emilio Battaglia has the ability to offer simple solutions to complex problems with competence and pragmatism.

Key clients

AAreaal Bank – Rome branch

Conduent Business Solutions Italia

Porsche Italia

Centro Porsche Padova

Porsche Haus

Nardò Technical Center

Iberdrola Clienti Italia

Italy > Banking and finance: lender or arranger side Tier 5

Acting for major banks and lenders, CMS' Italy team is regularly involved in financing and refinancing transactions, while clients additionally benefit from the firm's banking-related tax structuring expertise. Paolo Bonolis has approximately 25 year's experience in the banking and finance space, and counsel Maria Giovanna Pisani assists with structuring finance transactions.

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Other key lawyers:

Testimonials

The team is well structured in multiple areas of expertise.

Paolo Bonolis is an excellent lawyer, who understands the commercial, as well as the legal, needs of clients.

Key clients

Aareal Bank

Raiffeisen Bank International

VTB Capital

Commerzbank Aktiengesellschaft

Bank Leumi

LTG Capital

La Banque Postale

Work highlights

  • Advised Aareal Bank on the restructuring of a loan, in the context of the sale of a development project.

Italy > Dispute resolution Tier 5

At CMS, the joint efforts of the dispute resolution and the tax teams results in a highly successful practice, specialised in investment-related matters and tax-litigation, with a strong track record in insurance and reinsurance disputes. Laura Opilio, who also heads the insurance practice, and Paola Ghezzi are the two key names in the team; they assist clients before all Italian courts.

Practice head(s):

Laura Opilio; Paola Ghezzi

Testimonials

‘Very knowledgeable and helpful.’

‘Competence, availability and the ability to listen and understand the information provided.’

Key clients

Generali Italia S.p.A.

Merck S.p.A.

Liberty Mutual Insurance Europe SA

AmTrust Europe Ltd

Brit Insurance Holdings Ltd

Allianz S.A.

AIG S.A.

QBE Insurance Europe Ltd

Arch Insurance Europe

WRB Ltd

Diageo S.p.A.

Istituto Figlie di San Camillo (medical centers and hospitals)

Work highlights

  • Assisted Renault Italia in a proceeding whose juridical subject is to determine the extent of contractual powers.
  • Assisted concrete manufacturing company Calme S.p.A. in a dispute concerning the construction of a concrete production plant.
  • Assisted an important company providing engineering services in the field of software design for major Italian car manufacturers in a case of unjustified termination by one of its sub-suppliers who had closed a deal with all the car manufacturers.

Italy > Industry focus: Energy Tier 5

CMS‘ Italy energy group has extensive experience in both upstream and downstream oil and gas markets. It also fields experts in electricity, renewables, and has niche experience in minerals. Heading the energy department, Pietro Cavasola routinely assists companies with the structuring and management of major energy production projects in Italy.

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Other key lawyers:

Key clients

TotalErg (now known as Italiana Petroli)

Encavis

Solaria Energia y Medio Ambiente

Global Solar Fund

Senec

Raffineria di Roma

Total Italia

Total E&P

Q8 Italia

Quarzwerke

Enviromena

SPI Renewable Energy

Italy > Real estate and construction Tier 5

CMS‘ Italy team regularly advises on real estate-related investments, financing and taxation, as well as traditional development advice such as specialist planning, environmental and construction matters. Rome-based Marco Casasole advises on domestic and cross-border real estate transactions; in Milan, Dietmar Zischg assists investment funds with property purchases and sales.

Practice head(s):

Testimonials

Coverage of thematic areas, completeness of team skills, and a national and international network.

Availability, professionalism, competence and the ability to understand clients’ needs.

Differs in its availability, flexibility and ability to manage complex counterparties in an excellent manner.

Great collaboration with Dietmar Zischg.

Key clients

NH Hotels

SPRL 9Hotel Collection International

Immofinanz

Allianz Real Estate (through VGP European Logistics Sarl 2)

CitizenM Financial Holding

Quntar Hungary Logistics KFT

Dorottya Investments Zrt

Axa Real Estate Investment Managers

Work highlights

  • Advised NH Hotels on the acquisition of the operations (business and personnel) of a portfolio of eight high-end hotels.
  • Assisted the Tagerim Group, a global expert in property development, hotels and wealth management, with the acquisition of the entire corporate capital of NEW HOMS, which is active in the hotels and leisure sector.
  • Assisted Allianz Real Estate (through a joint venture company) on the acquisition of the entire share capital of VGP Park Valsamoggia, which owns two real estate properties to be used as logistics warehouses.
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DepartmentNameEmailTelephone
Banking and finance
EU and competition
Consumer products
Corporate/M&A
Dispute resolution
Employment and pensions
Energy
Fraud and corporate criminal defence
Hotels and leisure
Infrastructure and project finance
Insurance and funds
Intellectual property
Life sciences
Private equity
Real estate and construction
Tax litigation
Corporate tax law
Taxation of individuals
International taxation
Transfer pricing
VAT
TMC – technology, media and communications
Commercial
Administrative law
Number of lawyers : 100
at this office : 20
Albanian
English
French
German
Spanish
Contact : Paolo Scarduelli
Other offices : Rome
Other offices : Tirana
CMS members : CMS is an international full-service law firm, acting for major global and domestic corporations. 4,500 lawyers work for CMS in over 74 offices.