Firm Profile > Clifford Chance > Milan, Italy

Clifford Chance
VIA BROLETTO, 16
20121 MILANO
Italy

Banking and finance: Bank regulatory Tier 1

Clifford Chance regularly advises leading domestic and international clients, including Italian and international banks, as well as Italian-headquartered global funds and corporations. Lucio Bonavitacola led advice to a number of Italian entrepreneurs on the provision of cryptocurrency-related services and the set-up of ad hoc platforms for the exchange of cryptocurrencies and tokens. Gioacchino Foti was promoted to partner and Riccardo Coassin and Alberto Claretta Assandri are key senior associates.

Banking and finance: Borrower side Tier 1

Clifford Chance advises large domestic and international groups, arrangers and financing banks on finance transactions such as investment grade, acquisition finance, syndicated loans, bonds and debt restructuring. Charles Adams co-heads the finance and capital markets practice alongside Filippo Emanuele, and Giuseppe De Palma is managing partner for Italy. Adams and De Palma advised Leonardo (formerly named Finmeccanica) on the renegotiation and signing of new revolving credit facilities with a pool of domestic and international banks. Ferdinando Poscio and counsel Francesca Cuzzocrea are also names to note.

Banking and finance: lender or arranger side Tier 1

Clifford Chance is at the forefront of leveraged and bank financing for arrangers and lenders, the syndication of real estate loans, and international project financing involving Italian sponsors and Sace (the Italian export credit agency). The team advised the arrangers, Intesa Sanpaolo-Banca IMI, Mediobanca and UniCredit, on a financing related to the takeover bid for masts group EI Towers. Charles Adams co-heads the finance and capital markets practice alongside Filippo Emanuele, and Giuseppe De Palma is managing partner for Italy. Ferdinando Poscio and counsel Francesca Cuzzocrea are also names to note, while Pasquale BifulcoDavid Neu, Chiara CommisIsabella Costelloe and Filippo Tassoni are key senior associates.

Capital markets: Debt Tier 1

Clifford Chance's team is 'professional, thorough, easy to work with and good value for money'; it plays a leading role in the market's most significant debt capital market and securitisation transactions. The practice advised Intesa Sanpaolo on the tender offer and acquisition of government-guaranteed senior notes, which were issued in 2017 by former Venetian Banks, Banca Popolare di Vicenza and Veneto Banca. Co-head of the Italian finance and capital markets practice Filippo Emanuele and recently promoted partner Gioacchino Foti 'provide excellent product and market knowledge'; the 'always available and quick to answerTanja Svetina is responsible for the structured finance and securitisation team; Lucio Bonavitacola leads the regulatory team; and counsel Laura Scaglioni has specific expertise in US law. The senior associates to note are Luca BaroniAlice Reali and recently promoted Jonathan Astbury. Former counsel Massimiliano Bianchi left for Studio Legale Tributario in Association with Ernst & Young.

Capital markets: Equity Tier 1

Clifford Chance advises on prominent equity capital markets (ECM) transactions, including major IPOs in Italy and high-profile capital raisings. Other areas of strength are rights issues, exchangeable and convertible bonds, and block trades The practice advised the joint global coordinators and joint bookrunners on the IPO and admission to listing of Pirelli on the MTA market; it also assisted Banca Carige with its €1bn capital strengthening plan, including a €560m capital increase. Filippo Emanuele co-heads the finance and capital markets practice and Alberta Figari and Paolo Sersale are also key advisers. Laura Scaglioni is a highly regarded counsel and Stefano Parrocchetti is an experienced senior associate.

Administrative and public law Tier 2

Clifford Chance provides ‘clear and complete opinions, which rarely need to be reviewed’. The team regularly acts for public and private companies including RAI and Enel under the leadership of Aristide Police and counsel Filippo Degni and is active in contentious and non-contentious matters arising from public tender procedures. Police also frequently advises domestic and international companies on various public law matters: he assisted the Lixil Group with the public law aspects of the sale of Permasteelisa to Grandland Holdings, and advised Fastweb on the public procurement of telecoms services.

Commercial, corporate and M&A Tier 2

Clifford Chance's recent experience includes corporate and M&A head Paolo SersaleUmberto Penco Salvi and counsel Filippo Isacco advising Japan-headquartered global housing and building entity Lixil Group Corporation on the sale of Permasteelisa, a global contractor in the engineering, project management, manufacturing, and installation of curtain walls and interior systems; Claudio Cerabolini advising ITV Studios, the TV production division of ITV, on the acquisition of a 51 per cent stake in Cattleya, a major independent producer in Italy; and Alberta Figari acting for Banca Ifis on the acquisition of a majority stake in Credifarma, which specialises in pharmacy lending. The senior associate to note is Francesca Casini.

Compliance Tier 2

Led by Antonio GolinoClifford Chance's compliance group is part of the regulatory investigations and financial crimes team in Italy. It is experienced in criminal defence and regulatory enforcement as well as the design, implementation, and execution of compliance programmes, particularly systems and controls to prevent criminal offences. Counsel Jean-Paule Castagno specialises in regulatory investigations and financial crimes.

Dispute resolution Tier 2

Corporate, financial and antitrust matters are the mainstays of Clifford Chance’s dispute resolution practice, as well as civil and criminal law issues. Head of team Fabio Guastadisegni and Carlo Felice Giampaolino represented Elipso Finance in the arbitration against Banca Monte dei Paschi di Siena regarding an alleged breach of guarantees connected to the selling of financial receivables; Antonio Golino and Jean-Paule Castagno are acting as counsel of record for the former managers of Seat Pagine Gialle and Permira in a criminal investigation concerning an alleged bankruptcy fraud.

EU and competition law Tier 2

The highly recommended Luciano Di Via leads the EU and competition team at Clifford Chance and is often involved in M&A-related matters; he recently advised Eolo on the antitrust aspects of the sale of a 49% stake of its business to global private investment firm Searchlight Capital Partners and acted for Arcaplanet on the acquisition of Mondial Pet Distribution. On the contentious side, he represented Autogas in proceedings opened by the ICA alleging unfair commercial practices and handled the subsequent appeal before Lazio's first instance administrative court.

Private equity Tier 2

Enjoying close relationships with leading PE houses, Clifford Chance handles large, high-profile PE deals. Recent matters include Italy PE head Claudio Cerabolini, Paolo Sersale and counsel Filippo Isacco advising Ergo Previdenza, an insurance company controlled by Gruppo Assicurativo Flavia (owned by international private equity firm Cinven), on the acquisition of Italian life insurance company Eurovita (controlled by private investment firm JC Flowers). Other key contacts are Alberta Figari and senior associate Jacopo Garonna.

Restructuring and insolvency Tier 2

Clifford Chance advises on high-profile restructurings, distress refinancing and insolvency-related transactions. Carlo Felice Giampaolino handled a restructuring and insolvency proceedings for Rome’s municipal transport company Atac. The other recommended names are Italy managing partner Giuseppe De Palma and Italian litigation practice head Fabio Guastadisegni, along with Charles Adams, Ferdinando Poscio and counsel Francesca Cuzzocrea.

Employment Tier 3

Led by Simonetta Candela, Clifford Chance's team regularly advises clients on compliance and regulatory-related matters, including GDPR implementation, internal investigations, whistleblowing policies, remuneration policies in the banking and financial services sectors and employee claims. The team also assists international clients with the reorganisation of their business in anticipation of Brexit and with M&A-related employment issues.

Industry focus: Energy Tier 3

Clifford Chance's energy team has expertise in corporate and M&A, project development and real estate. Recent highlights include assisting Energetický a Průmyslový Holding with its acquisition of two biomass power plants from Biomasse Italia and Biomasse Crotone. Umberto Penco Salvi is a key contact.

Investment funds Tier 3

Clifford Chance has a long track record of advising on UCITS' products and AIFMD investment vehicles, including private equity. Head of the funds and regulatory groups Lucio Bonavitacola acted for Cromwell Investment Services on the establishment of two Italian funds that focus on residential and commercial real estate;  Alberto Claretta Assandri is an experienced senior associate.

Real estate and construction Tier 3

Clifford Chance advises financial institutions, investment funds and clients in the retail and hotel sectors on real estate transactions, establishment of funds and financing, as well as on real estate-related taxation and regulatory issues. The ‘productive’ team, which is led by Claudio Cerabolini, is ‘easy to work with’; it recently acted for the Cromwell European Real Estate Investment Trust on the purchase of 14 properties in Italy for €400m in the context of the creation of a pan-European diversified portfolio, and advised the financiers on the establishment of a real estate fixed-capital investment society by an Italian property developer.

Tax Tier 3

Clifford Chance 'addresses matters effectively'. Its areas of expertise include the tax aspects of M&A and restructuring, financial markets and real estate as well as corporate taxation, EU and international tax law, litigation, transfer pricing and indirect taxation. The practice advised Goldman Sachs International on its dealings with the Italian tax authorities in relation to the acquisition of a portfolio of leasing performing loans from Hypo Alpe-Adria- Bank. Practice head Carlo Galli  is 'very knowledgeable'; the senior associates to note are Sara Mancinelli and the 'efficient and skilled' Andrea Sgrilli, the latter recently promoted. Former counsel Marco Palanca left for Simmons & Simmons.

Intellectual property Tier 4

The majority of Clifford Chance’s work revolves around the IT and technology sectors, but the team also has the capabilities to handle the full gamut of intellectual property matters. In a contentious matter, the group represented the Arvedi Group in the dispute brought by Danieli & C. Officine Meccaniche regarding Arvedi’s patents for ISP and ESP technologies. Other clients include Mazars, Hearst Magazine and Liquigas. Monica Riva joined Legance - Avvocati Associati as senior counsel in 2019.

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


Photo Name Position Profile
 Giuseppe De Palma  photo Giuseppe De Palma
 Filippo Emanuele  photo Filippo Emanuele
 Alberta Figari  photo Alberta Figari
Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices