Clifford Chance > Rome, Italy > Firm Profile
Clifford Chance Offices
PALAZZO GENTILI
VIA SISTINA 4
00187 ROMA
Italy
Clifford Chance > The Legal 500 Rankings
Italy > Banking and finance: Borrower side Tier 1
Mandated by large domestic and international groups, Clifford Chance's Milan-based Italy group handles high-stakes finance transactions, including acquisition finance, syndicated loans, export finance and debt restructuring deals. The team is headed up by longstanding banking and finance expert Giuseppe De Palma. Charles Adams is a renowned specialist in Italian and cross-border banking work. The practice also features leveraged finance and restructuring practitioner Ferdinando Poscio, along with Francesca Cuzzocrea, who was promoted to senior counsel in May 2023. Filippo Tassoni, Chiara Commis and Paolo Ballerini are also key team members.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Filippo Tassoni; Chiara Commis; Paolo Ballerini; Lucio Bonavitacola; Riccardo Coassin
Key clients
Banca Nazionale del Lavoro
Bank of America
BNP Paribas
Bper Banca
CaixaBank
Cassa Depositi e Prestiti
Crédit Agricole Italia
Deutsche Bank
Generali Real Estate
Goldman Sachs
FIEE SGR
Intesa Sanpaolo
Invesco Real Estate
Investec
SACE
UniCredit
Work highlights
- Assisted Generali Real Estate SGR with the financing aspects of the acquisition from Brioschi Sviluppo Immobiliare of two new buildings.
- Assisted Invesco with the financing for the acquisition, from IGEFI Group, of NH Collection Milano CityLife hotel.
Italy > Banking and finance: lender or arranger side Tier 1
Clifford Chance's Italy group is consistently mandated to advise on high-end finance transactions, such as investment grade deals, acquisition financings, export finance, syndicated loans, bonds and debt restructurings. The practice in Milan also covers real estate loans and international project financing. Practice head Giuseppe De Palma routinely acts on major banking and finance transactions. Charles Adams is renowned for his expertise in Italian and cross-border banking. Ferdinando Poscio specialises in general and syndicated lending, acquisition finance and restructuring. Other figures to note are senior counsel Francesca Cuzzocrea, Filippo Tassoni, Chiara Commis and counsel Paolo Ballerini.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Filippo Tassoni; Chiara Commis; Paolo Ballerini; Alberto Claretta-Assandri; Lucio Bonavitacola; Riccardo Coassin; David Neu
Testimonials
‘The firm represents a point of reference for the banking industry.’
‘Competence, problem solving and negotiation skills that are above average.’
‘Worldwide network, availability, high levels of competence in banking law.’
‘Accuracy and high-level advice.’
‘Partner Ferdinando Poscio and counsel David Neu always support clients with thoughtful advice.’
Key clients
Banca Nazionale del Lavoro
Bank of America
BNP Paribas
Bper Banca
CaixaBank
Cassa Depositi e Prestiti
Crédit Agricole Italia
Deutsche Bank
Generali Real Estate
Goldman Sachs
FIEE SGR
Intesa Sanpaolo
Invesco Real Estate
Investec
SACE
UniCredit
Work highlights
- Assisted a pool of financing banks on a transaction through which Ansaldo Energia implemented a financial manoeuvre, which related to the execution of its 2022-2027 business plan.
- Assisted both a pool of banks (comprised of Banca Nazionale del Lavoro, BPER Banca, Intesa Sanpaolo and UniCredit) and SACE with the underwriting by Edison of a long-term revolving credit line of €1bn.
- Assisted UniCredit and Investec with the financing for the design, construction, equipping and servicing, on a turnkey basis, of three regional hospitals for the Republic of Angola.
Italy > Capital markets: Debt Tier 1
Clifford Chance's Italian, English and US-qualified lawyers consistently advise on standalone bonds, EMTN programmes and covered bonds. Other specialist areas range from corporate hybrid bonds and liability management transactions to covered warrants, Italian Government bonds, securitisation and exchangeable and convertible bonds. Corporate finance expert Filippo Emanuele jointly leads the firm's global finance and capital markets practice; Gioacchino Foti is a highly-regarded hybrid bond expert; and Tanja Svetina heads the structured finance team in Italy. Laura Scaglioni also brings expertise to DCM matters. Key support is provided by senior associates Jonathan Astbury, Francesco Napoli, Alberto Maero and Alice Reali.Practice head(s):
Filippo Emanuele
Other key lawyers:
Gioacchino Foti; Tanja Svetina; Laura Scaglioni; Jonathan Astbury; Francesco Napoli; Alberto Maero; Alice Reali; Enrico Giordano
Testimonials
‘The Clifford Chance team is very strong and ranks at the top in Italy. The team provides high-quality and timely advice.’
‘Knowledgeable, always able to assist, and willing to discuss fees.’
‘Great team that’s always going the extra mile to solve problems; it facilitates negotiations and ensures that transactions run smoothly.’
‘Filippo Emanuele is extremely knowledgeable and always available.’
‘Filippo Emanuele is always willing to assist and go the extra mile.’
‘Laura Scaglioni and Jonathan Astbury are hard-working, dedicated to their clients, thorough, and very experienced.’
Key clients
Goldman Sachs International
J.P. Morgan AG
Mediobanca Banca di Credito Finanziario
UniCredit Corporate & Investment Banking
ABN AMRO Bank N.V.
Morgan Stanley
Credemholding
European Investment Fund
BNB Paribas
Amco
Work highlights
- Advised Terna on the placement of a senior unsecured bond for a nominal value of €750m.
- Advised Cassa Depositi e Prestiti on its debut on the American capital markets, through the launch of its first Yankee bond.
- Acted, as sole transaction counsel, on the restructuring by Banca Ifis of a securitisation carried out through vehicle Indigo Lease.
Italy > Capital markets: Equity Tier 1
Clifford Chance utilises the combined bench strength of its Italian, English and US-qualified lawyers to provide a comprehensive service covering IPOs, privatisations, rights issues, block trades, and exchangeable and convertible bonds. Finance and capital markets co-head Filippo Emanuele brings renowned expertise to the practice space. Within the counsel ranks, Stefano Parrocchetti Piantanida advises on capital strengthening and IPOs, while Laura Scaglioni assists with capital increases and block trades. Senior associate Jonathan Astbury is another active lawyer to note; and former Chiomenti partner Enrico Giordano, whose longstanding experience covers IPOs and rights’ issues, joined as senior of counsel in April 2023.Practice head(s):
Filippo Emanuele
Other key lawyers:
Testimonials
‘Professional skills, 24/7 availability, commitment and empathy.’
Key clients
Goldman Sachs International
J.P. Morgan AG
Mediobanca Banca di Credito Finanziario
UniCredit Corporate & Investment Banking
ABN AMRO Bank N.V.
Morgan Stanley
Credemholding
European Investment Fund
BNB Paribas
Amco
Work highlights
- Advised BofA Securities, Citi, Goldman Sachs and J.P. Morgan (as joint global coordinators), BNP Paribas, Deutsche Bank and Morgan Stanley (as senior joint bookrunners), Banco Santander, Barclays, Société Générale and UniCredit (as joint bookrunners), Commerzbank, Crédit Agricole CIB, Mizuho and Landesbank Baden-Württemberg (as co-lead managers) on the €9.4bn IPO of Porsche AG.
- Acting as international advisor to the issuer on an institutional offering that is concurrent with a translisting from the non-regulated Italian growth market to Euronext Milan.
- Advised a leading investment management company on an investment related to Monte dei Paschi’s rights issue.
Italy > Banking and finance: Bank regulatory Tier 2
Clifford Chance's Italy team is experienced in acting for domestic and international groups, arrangers and financing banks on the regulatory side to finance transactions. The group also assists with fintech-related issues. In 2022, Giuseppe De Palma was appointed global financial markets regional practice leader for Continental Europe, while Lucio Bonavitacola leads the investment funds and regulatory group. Other key figures are Charles Adams, Ferdinando Poscio and Gioacchino Foti; and in May 2023, Francesca Cuzzocrea was promoted to senior counsel. Riccardo Coassin is another name to note.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Lucio Bonavitacola; Charles Adams; Ferdinando Poscio; Gioacchino Foti; Francesca Cuzzocrea; Riccardo Coassin; Alberto Claretta-Assandri; Filippo Tassoni
Testimonials
‘Great ability to understand all the bank’s needs.’
‘A talented and professional team that is very collaborative.’
‘Very experienced and versatile team, and flexible to business needs without losing professional focus.’
‘Compared to other firms, there is an excellent internal ability to work in teams, punctuality in the delivery of work and an extensive international organisational network.’
‘Strong technical skills, availability (at all times) and strong problem-solving and interpersonal skills.’
‘Unique individuals who stand out.’
‘Lucio Bonavitacola and Riccardo Coassin are always available to resolve clients’ legal issues.’
‘Lucio Bonavitacola has a solid background and listens to the client. Very good at negotiating contracts.’
Key clients
Banca Nazionale del Lavoro
Bank of America
BNP Paribas
Bper Banca
CaixaBank
Cassa Depositi e Prestiti
Crédit Agricole Italia
Deutsche Bank
Generali Real Estate
Goldman Sachs
FIEE SGR
Intesa Sanpaolo
Invesco Real Estate
Investec
SACE
UniCredit
Work highlights
- Assisted a pool of financing banks on a transaction, through which Ansaldo Energia implemented financial manoeuvres concerning a 2022-2027 business plan.
- Assisted both a pool of banks, comprising Banca Nazionale del Lavoro, BPER Banca, Intesa Sanpaolo and UniCredit, and SACE, with the underwriting by Edison of a long-term revolving credit line.
- Assisted UniCredit and Investec with the financing for the design, construction, equipping and servicing, on a turnkey basis, of three key regional hospitals in the Republic of Angola.
Italy > Commercial, corporate and M&A Tier 2
Advising Italian corporations and international investors, Clifford Chance regularly acts on landmark M&A transactions. Domestic and cross-border deal practitioner, Paolo Sersale, heads up the Italy corporate M&A practice, and Umberto Penco Salvi is an expert in energy, M&A and restructuring. The team further features Claudio Cerabolini, who specialises in private equity, real estate and M&A transactions, and general corporate lawyer Francesca Casini. In 2023, private equity and M&A practitioner Filippo Isacco was promoted to partner in May, while senior of counsel and former Chiomenti partner, Enrico Giordano, is an April recruit.Practice head(s):
Paolo Sersale
Other key lawyers:
Umberto Penco Salvi; Claudio Cerabolini; Francesca Casini; Filippo Isacco; Enrico Giordano; Elisa Ielpo
Testimonials
‘Very well-connected team. All the team members are responsible and accountable.’
‘High-quality legal service based on a clear understanding of clients’ needs.’
‘A responsive and pragmatic approach.’
Key clients
Angelo Gordon
Aptiv Technologies
Arcelik
Bending Spoons
Cassa Depositi e Prestiti
Enel
Exprivia
Generali
Macquarie Asset Management
Mitsui & Co
Prologis
Rivean Capital
TeamSystem
UniCredit
Westmont Hospitality
Work highlights
- Advised Italian state lender Cassa Depositi e Prestiti on the plan to merge Telecom Italia’s infrastructure business with Open Fiber’s to create a single national telecoms network.
- Advised Enel on the signing of an agreement for the sale to Greek company Public Power Corporation of all the equity investments held by Enel Group in Romania.
- Advising the board of directors of Exprivia on a takeover offer received by Abaco Innovazione.
Italy > Compliance Tier 2
Part of the regulatory investigations and financial crimes team, Clifford Chance's Italy compliance group is consistently mandated to design, implement and execute compliance programmes, particularly systems and controls to prevent criminal offences. It also assists with internal investigations. Practice head Antonio Golino advises on compliance-related internal systems and controls, while Giuseppe Principato is an expert in prevention and disgorgement measures. Senior associate Stella Magistro focuses on 231 systems and controls for multinational companies.Practice head(s):
Antonio Golino
Other key lawyers:
Testimonials
‘The Italian compliance team has top-level expertise in compliance and Law 231.’
‘Always available to support, providing valuable input, prompt responses and high-quality deliverables.’
‘Clifford Chance shows great commitment towards diversity and organises social events to increase awareness on the topic.’
‘It always provides precious insights and looks around corners to spot red flags, simplifications and improvements.’
‘Clients appreciate the team for its hands-on approach and for being very flexible.’
‘A special mention must be given to Stella Magistro, who is always able to anticipate clients’ needs.’
Key clients
Citigroup
Master Italy
Master Lab
Master Srl
Rheinmetall S.p.A.
Italy > Dispute resolution Tier 2
Clifford Chance attracts instructions for civil, white-collar criminal and regulatory matters and handles cases before courts of all levels. The firm’s dispute specialisms include corporate and commercial, arbitration, restructuring and insurance, regulatory enforcement and criminal defence. Head of practice Fabio Guastadisegni represents clients before the Italian supreme court, with a focus on insolvency and restructuring as well as banking and finance. Carlo Felice Giampaolino specialises in commercial, insurance and corporate issues, regularly appearing before arbitral tribunals and the commercial courts. Andrea Tuninetti Ferrari is noted for his work handling IP and data law disputes.Practice head(s):
Fabio Guastadisegni
Other key lawyers:
Carlo Felic Giampaolino; Andrea Tuninetti Ferrari; Alessandro Sciarra; Giuseppe Principato
Testimonials
‘Antonio Golino and Giuseppe Principato are excellent, efficient and knowledgeable.’
‘Responsive team. Good understanding of the situation and the client’s needs. Technical knowledge and also a view on strategy to win the case.’
‘Carlo Felice Giampaolino and Alessandro Sciarra have strong technical knowledge and a clear view on strategies to win a case.’
‘Fabio Guastadisegni is a secure, established, exceptionally knowledgeable and respected partner.’
‘A broad set of competencies. Well balanced in terms of diversity. Very quick in assessing the issues, and exceptionally strong in identifying solutions and alternatives.’
Key clients
Webuild
Crédit Agricole
Citibank
Credit Suisse
Cinven
ING
Work highlights
- Assisting Citibank in a dispute commenced by the extraordinary commissioners of Tirrenia in bankruptcy to claw-back the security package granted by Moby S.p.A. and CIN – Compagnia Italiana di Navigazione S.p.A. on their fleet.
- Advising the board of directors of Cinven, a primary private equity house, on regulatory and litigation risks arising from the potential wind-down of Eurovita, a major insurance company.
- Assisting the Italian branch of a primary global bank headquartered in the Netherlands in relation to a major litigation brought before the High Court of Justice – Commercial Court by a Russian entity claiming the payment of advanced performance bonds issued by the Italian branch of the client in relation to a construction contract entered into between an Italian Corporate and the Russian entity.
Italy > Investment funds Tier 2
In addition to benefiting from its integration with the firm’s regulatory practice, Clifford Chance‘s funds team routinely leverages the expertise of its corporate, banking, finance and tax colleagues. The group is highly experienced in UCITS products, as well as AIFMD investment vehicles for private equity, real estate, and private debt and credit. Lucio Bonavitacola specialises in banking and financial regulations, along with fund-related matters and Alberto Claretta Assandri is an expert in fund formation and regulatory issues. Giorgio Di Stasio and Iolanda D’Anselmo are other key figures to note.Practice head(s):
Lucio Bonavitacola
Other key lawyers:
Alberto Claretta Assandri; Giorgio Di Stasio; Iolanda D’Anselmo
Testimonials
‘Strong multi-jurisdictional team of investment fund lawyers.‘
Key clients
LaSalle AIFM Europe
F2i SGR S.p.A.
Zencap Asset Management
Kartesia Management
CBRE Investment Management
Generali Real Estate
Cassa Depositi e Prestiti
FIEE SGR
EQUITA Capital SGR
Work highlights
- Advised LaSalle AIFM Europe on the structuring and establishment of an Italian lending platform (dedicated to insurance companies and pension funds).
- Advised on the structuring of a pan-European debit/credit fund.
- Assisting with the Italian authorisation procedure to obtain the required permit to engage in lending business (through three different French funds).
Italy > Private equity Tier 2
Part of its European private equity practice, Clifford Chance‘s 'dedicated' Italy team is consistently involved in headline transactions. Claudio Cerabolini specialises in private equity, real estate, and private and public M&A deals; and raised to partner in May 2023, Filippo Isacco's track record includes advising on some of the market's most complex private equity and M&A transactions. The practice further features Paolo Sersale, who heads up the corporate M&A practice in Italy and is 'truly a pleasure to work with', as well as Umberto Penco Salvi and Elisa Ielpo.Practice head(s):
Claudio Cerabolini; Filippo Isacco; Umberto Penco Salvi; Paolo Sersale; Elisa Ielpo
Testimonials
‘Dedicated, large, on-the-ground team of professionals with excellent product and commercial capabilities.’
‘The people are the real strength of this firm.’
‘Available 24/7, insightful, and always with an eye on the big picture.’
‘Claudio Cerabolini, together with his team, provides excellent and key support, notably the ability to focus the client on the key issues and offer problem-solving solutions.‘
‘Paolo Sersale and Filippo Isacco – true professionals, delivering the full package’
‘Paolo Sersale is truly a pleasure to work with.’
‘Full set of expertise and international reach.’
‘Dedication and availability.’
Key clients
Bending Spoons
Ardian
Cassa Depositi e Prestiti S.p.A.
CVC Capital Partners
Deutsche Beteiligungs AG
Eiffel Investment
Green Investment Group
Macquarie Infrastructure and Real Assets
Onex
Partners Group
Rivean Capital
TeamSystem
Permira
Work highlights
- Assisting Italian state lender Cassa Depositi e Prestiti with a complex matter involving the plan to merge Telecom Italia’s infrastructure business with Open Fiber’s to create a single national telecommunication network.
- Advised To-Increase, a portfolio company of Rivean Capital, on the acquisition of AX for Pharma (AXP) in Italy.
- Advised Macquarie on the acquisition of BayWa r.e. Bioenergy GmbH from BayWa r.e. AG.
Italy > Restructuring and insolvency Tier 2
Clifford Chance advises major multinational banks and companies on matters across the spectrum of restructuring and insolvency law. The firm assists in distressed refinancing, insolvency-related risk management litigation, distressed M&A and labour issues surrounding insolvency, such as reorganisations. In particular, the firm is strong in restructuring and insolvency litigation. The practice is headed by Giuseppe De Palma, an expert in the banking sector. Filippo Isacco was promoted to partner in May 2023; his strengths include advising on corporate restructurings.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Filippo Isacco; Carlo Giampaolino
Testimonials
‘They have fine knowledge in Italian insolvency law. They provide excellent support both on litigation and advisory matters.’
‘Carlo Giampaolino is a super expert on the restructuring and insolvency framework, very proactive in his support to clients and very skilled.’
‘Very knowledgeable, fully available, reliable and trustworthy.’
Key clients
Istituto Neurotraumatologico Italiano
Airbus
Citibank
Fintecna S.p.A.
Strata
Terna
Xebec Group
Work highlights
- Adivising Airbus and Strata (Mubadala Group), two of the three main clients and contractual counterparties of DEMA, in relation to the composition with creditors of DEMA.
- Advised Milanosesto on the management of the correspondence with lenders and on the various meetings of the board and with the lenders.
- Advised Xebec Canada on the filing for bankruptcy of certain European subsidiaries.
Italy > Employment Tier 3
Clifford Chance advises on the traditional aspects of employment law as well as a range of specialist areas, including ESG issues, equalities matters, internal investigations, data privacy and corporate governance. The firm also assists in management contract negotiations and employee incentive plan discussions. Simonetta Candela is the head of the firm’s Italian employment law department; she is experienced in employment law matters related to corporate law, restructuring processes and litigation.Practice head(s):
Simonetta Candela
Testimonials
‘Clifford Chance’s labour team is a true business partner which handles disputes with employees and HR issues in Italy.’
‘The Italian labour team at Clifford Chance has a thorough understanding of industry sectors and business models.’
‘Clifford Chance’s attorneys consistently produce top-notch work and always anticipate your needs.’
‘The team’s leading figure is Simonetta Candela, who is well-known for her success in labour lawsuits and defence procedures. She is a top expert in labour law in Italy.’
Key clients
Daikin Applied Europe S.p.A.
Hoerbigher
Work highlights
- Advised a global leader in IT infrastructure to set and implement its strategy of full return to office after the COVID-19 emergency in many European jurisdiction, coordinating cross border the offices of Clifford Chance and the external referral firms.
- Advised and assisted a leading international beverage company in internal investigations and in the consequent disciplinary procedure and termination of contract with a manager and with a sales agent, in analysing the position of other employees and suppliers, and in negotiating final out-of court settlements of the claims.
- Advising and assisting a major international retail group in extraordinary transactions, collective dismissal procedures and strategic litigation with employment authorities and with a former manager.
Italy > EU and competition law Tier 3
Clifford Chance’s team provides comprehensive advice across the full spectrum of EU and competitive law, including assistance in anticompetitive agreements, abuse of dominant proceedings, merger control, cartel investigation and state aid. Head of the team Luciano Di Via is recognised for his expertise in all antitrust and regulatory matters including state aids and golden power, while he is also active in the food and beverage, retail, insurance, energy and telecommunications sectors. A deep roster of clients from the private equity, TMT, fashion, retail and consumer goods regularly turn to Antonio Mirabile, while Maria Bazzini notably focuses on cartels and abusive conducts.Practice head(s):
Luciano Di Via
Other key lawyers:
Testimonials
‘Excellent availability and professionalism of the team. Ease of communication.’
‘The partners promptly understood our needs and found a satisfactory solution.’
‘Great team, communicates clearly and straight to the point. The firm’s professionals are knowledgeable and very responsive. They could clearly explain specific Italian procedures. Responsive.’
‘Luciano Di Via is knowledgeable and clear in communication.’
‘Maria Bazzini has very good case knowledge and is able to quickly understand relevant information on financial products.’
Key clients
Ansaldo Energia
Arçelik A.Ş.
Carrefour
Cassa Depositi e Prestiti
China National Tire & Rubber Corporation
Conserve Italia
Easyjet
Enel
flatexDEGIRO
Golden Goose
Mastercard
Permira
Simest
Work highlights
- Advised China National Tire & Rubber Corporation Ltd (CNRC), a subsidiary of Sinochem, on the Italian foreign investment filing triggered by the renewal of the shareholders’ agreement concerning the governance of Pirelli & C. S.p.A., executed with the second major shareholder Camfin S.p.A. and its controlling entity Marco Tronchetti Provera & C. S.p.A.
- Assisted Mastercard before ICA in relation to an investigation launched by the Authority for an alleged abuse of dominant position in the Italian market for payment cards.
- Assisted CDP Equity on Antitrust profiles in the context of the presentation, together with Macquarie Infrastructure and Real Assets (MIRA) acting on behalf of MAM Funds, of a non-binding offer for the purchase of TIM’s forthcoming NetCo, which will include the infrastructure network and the stake in Sparkle.
Italy > Industry focus: Energy Tier 3
Clifford Chance’s team of energy specialists routinely advises clients in the renewable energy, thermoelectric, hydroelectric and hydrogen sectors on all aspects of energy projects, including M&A, construction and project development, and real estate matters, as well as project and trade finance. Energy sector specialist Umberto Penco Salvi heads the practice, which includes Giuseppe De Palma, an expert in acquisition finance related to the energy sector, and global financial markets counsels Francesca Cuzzocrea and Chiara Commis.Practice head(s):
Umberto Penco Salvi
Other key lawyers:
Testimonials
‘Umberto Penco Salvi is an exceptional lawyer, with in-depth knowledge of the law, great negotiation and communication, and an analytical and logical approach.’
‘Exceptional technical skills, strong commercial attitude, reliability, deep understanding of client needs, unparalleled efficiency and precision in delivery.’
‘Umberto Penco Salvi is competent, pragmatic, with a strong commercial attitude and considerable negotiating skills.’
‘Clifford Chance is the best legal advisor you can find. Their experience in the energy sector is a must, which absolutely makes a difference when dealing with difficulties.’
Key clients
Macquarie Asset Management’s Green Investment Group (GIG)
Edison
Enel
Eni
Cassa Depositi e Prestiti S.p.A.
Infrastructure Investments Fund
Liquigas
F2i
Eiffel Investment Group
EQT Infrastructure
Cubico Sustainable Investments
DIF Capital Partners
Work highlights
- Advised Enel in relation to its agreement with Greek company Public Power Corporation for the sale of all the equity stakes held by the Enel Group in Romania.
- Advised Macquarie on the acquisition of BayWa r.e. Bioenergy GmbH from BayWa r.e. AG.
- Advised EQT in relation to the disposal, together with GEH, of GETEC to Infrastructure Investment Fund.
Italy > Real estate and construction Tier 3
Clifford Chance advises domestic and international entities active in the real estate industry, including property companies, investors, funds, asset managers and lenders. It is well versed in advising foreign investors on their entry into the Italian market. As the head of the real estate group, Claudio Cerabolini is an expert in complex real estate transactions for real estate funds and financial sponsors. Another key practitioner in the group, Angela Benincasa is proficient in acquisitions, disposals of real estate portfolios and construction management.Practice head(s):
Claudio Cerabolini
Other key lawyers:
Testimonials
‘The team is strong and involved in many deals in the market.’
‘Claudio Cerabolini has a strong expertise and can drive the discussion at the table.’
Key clients
Angelo Gordon
Westmont Hospitality Group
Kryalos SGR
Goldman Sachs
Invesco Real Estate
Prelios SGR
Prologis
Generali Real Estate SGR
Work highlights
- Advised Kryalos SGR on the acquisition of an office building located in Milan from Cromwell Property Group.
- Advised logistics real estate provider Prologis on the acquisition from Crossbay of a diversified portfolio of 128 logistics facilities and six under development in Italy, the Netherlands, Spain, Germany, France and Belgium.
- Advised Generali Real Estate SGR in connection with the real estate and financing aspects of the acquisition from Brioschi Sviluppo Immobiliare of two new buildings for office use.
Italy > Tax Tier 3
Key areas of focus for Clifford Chance are finance, M&A and real estate-related taxation. The group also handles tax controversies. The practice is headed by Carlo Galli, who ‘has a wealth of understanding of the Italian tax codes’, and advises on M&A, capital markets and structured finance-related taxation, as well as international tax planning. The team additionally features the ‘highly recommended’ Sara Mancinelli, along with Andrea Sgrilli and Roberto Ingrassia.Practice head(s):
Carlo Galli
Other key lawyers:
Testimonials
‘A great team with fantastic partners.’
‘The strength of Clifford Chance’s tax team is the significant and skilled experience accrued in the complex financial tax field, which puts them one step ahead of other firms.’
‘Highly professional and competent.’
‘They are efficient and helpful, and very easy to work with. They provide insightful guidance and support. They deliver on time and the product is of excellent quality. They always go to the extra mile.’’
‘When using Clifford Chance, clients expect the best, and Carlo Galli, the head of their Italian practice, certainly delivers.’
‘Carlo Galli has a wealth of understanding of the Italian tax codes, and a marvellous bedside manner (meaning he can distil complex tax issues into simple, understandable concepts for laypeople). He always delivers first-class outcomes.’
‘Andrea Sgrilli is a super-skilled practitioner, and clients appreciate his ability to explain complex matters in such an easy and clear way.’
‘Sara Mancinelli is an expert in all relevant Italian tax matters. Highly recommended.’
Key clients
Cassa Depositi e Prestiti
Enel
Eni
Admiral Group
Illimity SGR
Goldman Sachs
Kryalos SGR
Starwood Capital Group
Three Hill Capital Partners (THCP)
Morgan Stanley
Citibank
Work highlights
- Advised Enel on the tax aspects of an agreement for the sale to Greek company Public Power Corporation Sa (Ppc) of all the group’s shareholdings in Romania.
- Defended several tier-1 private equity houses against the tax police, tax authorities and public prosecutors, in relation to the legitimate application of double tax treaties and EU directives.
- Assisted Cassa Depositi e Prestiti with the tax aspects of a yankee bond issuance.
Italy > Industry focus: TMT
Clifford Chance > Firm Profile
The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.
Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.
Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.
Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.
Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.
Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.
Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.
The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.
The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.
International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**
*Linda Widyati & Partners in association with Clifford Chance
**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh
Staff Figures
Number of partners : 550 Number of other fee-earners : 3,300Legal Briefings
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Competition for competition claims?
Until recently, the lion’s share of follow-on claims in relation to large EU-wide cartels were brought in the English courts. The claimant is the one who decides where to bring the claim (subject to the chosen courts having jurisdiction) and the availability of broad disclosure and other aspects of English procedure have made England an … -
Securities litigation gathers momentum in the UK
Clifford Chance’s Ian Moulding, Chris Yates, Jason Epstein and Ryan Byrne consider the rising tide of US-style ‘stock drop’ shareholder class actions in the UK, and offer practical tips for in-house counsel on managing the risk of shareholder litigation Shareholders can bring claims against listed companies to recover losses suffered as a result of a drop …
Comparative Guides
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United States: Competition Litigation
Published: July 2023
Authors: William Lavery Joe Ostoyich Weisiyu Jiang Kimberly Shi
This country-specific Q&A provides an overview of Competition Litigation laws and regulations applicable in United States.
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United Kingdom: Merger Control
Published: October 2023
Authors: Alex NourryDaniel Harrison
This country-specific Q&A provides an overview of Merger Control laws and regulations applicable in United Kingdom.
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France: Real Estate
Published: December 2023
Authors: David GerardKaren BortolottiAntoinette Gru
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in France.
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Germany: Real Estate
Published: December 2023
Authors: Dennis Blechinger
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in Germany.
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Spain: Real Estate
Published: December 2023
Authors: Maria PradilloCarme BrieraFernando EscribanoJavier OlabarriLaura del Campo
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in Spain.
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The Netherlands: Real Estate
Published: December 2023
Authors: Liesbeth BuiterLotte de BruinStern FlikCile ArnoldyGülsah Vural
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in The Netherlands.
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United Kingdom: Real Estate
Published: December 2023
Authors: Michael CoxallMatt TaylorAlice Raine
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in United Kingdom.
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United States: Real Estate
Published: December 2023
Authors: Ness CohenEddie FrastaiJeanne Roig-IrwinKris FerrantiJon Newman
This country-specific Q&A provides an overview of Real Estate laws and regulations applicable in United States.
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Poland: Investing In
Published: January 2024
Authors: Agnieszka Janicka Tomasz Derda Bartosz Kaniasty Katarzyna Kuchta
This country-specific Q&A provides an overview of Investing In laws and regulations applicable in Poland.
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United Kingdom: Life Sciences
Published: March 2024
Authors: Stephen Reese Alex Walker Molly Margiotta
This country-specific Q&A provides an overview of Life Sciences laws and regulations applicable in United Kingdom.
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EU: Life Sciences
Published: March 2024
Authors: Dr. Gunnar Sachs, Maître en droit (Paris) Dr. Sabrina Vivekens, LL.M. (Melbourne)
This country-specific Q&A provides an overview of Life Sciences laws and regulations applicable in EU.
- Banking and finance: Borrower side
- Banking and finance: lender or arranger side
- Capital markets: Debt
- Capital markets: Equity