Firm Profile > Clifford Chance > Milan, Italy

Clifford Chance
VIA BROLETTO, 16
20121 MILANO
Italy

Banking and finance: Borrower side Tier 1

An Italian market leader, the 'always availableClifford Chance advises on headline finance transactions, including leveraged and bank and bond financing, real estate loans and bonds, and international project financing. The principal names to note are managing partner for Italy, Giuseppe De Palma; Italian and cross-border banking expert, Charles Adams; Ferdinando Poscio, who advises on complex leveraged finance, syndicated lending and restructuring transactions; and banking and financial regulation specialist, Lucio Bonavitacola. Providing notable support are counsel Francesca Cuzzocrea and senior associates Pasquale BifulcoLuca Maria ChieffoChiara CommisDavid Neu and Filippo Tassoni.

Practice head(s):

Giuseppe De Palma

Other key lawyers:

Charles Adams; Ferdinando Poscio; Lucio Bonavitacola; Francesca Cuzzocrea; Pasquale Bifulco; Luca Maria Chieffo; Chiara Commis; David Neu; Filippo Tassoni

Testimonials

The team was always (at any time and any day) available for clarifications, discussions and suggestions.

Known for its leadership on the market, experience, strong knowledge and international standards.

Senior associate David Neu possessed deep knowledge about the legal aspects surrounding the deal, as well as business and commercial matters. I felt that I had a real adviser and not just a lawyer.’

Key clients

Banca IMI S.p.A

Banco BPM S.p.A.

Dedalus Holding (Ardian)

Deutsche Bank and Nomura International

Eolo S.p.A

J.P. Morgan

Landi Renzo S.p.A.

Macquarie Infrastructure

Patrizia AG

Santander Consumer Bank S.p.A

UniCredit S.p.A.

Banking and finance: lender or arranger side Tier 1

Acting in high-profile, ground-breaking transactions in Italy, Clifford Chance's team has vast experience in advising large domestic and international groups, arrangers and financing banks on investment grade deals, acquisition, real estate and project finance, syndicated loans, and debt restructuring. The principal advisers are managing partner for Italy, Giuseppe De Palma; Italian and cross-border banking specialist, Charles Adams; and Ferdinando Poscio, who assists with leveraged finance, syndicated lending and restructuring. Providing key support are counsel Francesca Cuzzocrea, and senior associates Pasquale BifulcoDavid Neu and Filippo Tassoni.

Practice head(s):

Giuseppe De Palma

Other key lawyers:

Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Pasquale Bifulco; David Neu; Filippo Tassoni

Testimonials

Great for availability and ease of access.

Proactivity, ability and dedication.

Professionalism and presence, accompanying the client at every stage of the deal with the ability to preserve the client’s interests.

The firm stands out, not only for its brand and remarkable track record, but also for its high level of technical and legal skills, as well as the professional maturity of all its lawyers.

Excellent legal skills, with a  blend of English law and local jurisdictional expertise, as well as knowledge of market standards.

‘One of the points that distinguishes the firm, beyond its technical skills, knowledge of the market and availability, is the fact that the partners – while present when necessary – leave sufficient freedom of action to other less senior figures, guaranteeing efficient management of the file.

Solid technical skills, flexibility, client orientation and the ability to search for innovative solutions.’

Senior associate David Neu has a practical, solutions-led approach to resolving issues, which includes taking responsibility for delivering it.

Key clients

Banca IMI S.p.A

Banco BPM S.p.A.

Dedalus Holding (Ardian)

Deutsche Bank and Nomura International

Eolo S.p.A

J.P. Morgan

Landi Renzo S.p.A.

Macquarie Infrastructure

Patrizia AG

Santander Consumer Bank S.p.A

UniCredit S.p.A.

Capital markets: Debt Tier 1

Fielding a team of Italian, English and US-qualified lawyers, Clifford Chance's 'best-in-Italy' practice consistently plays a leading role in the market's most significant transactions. Alongside highly rated banking and finance specialist Charles Adams, DCM expert Filippo Emanuele jointly heads the Italian finance and capital markets practice, which includes Gioacchino Foti, a debt issuance and regulatory capital specialist, and Tanja Svetina, who heads the structured finance team in Italy. Also key to the group are counsel Laura Scaglioni, a US law expert, and senior associates Jonathan Donald Astbury and Alice Reali.

Practice head(s):

Filippo Emanuele

Other key lawyers:

Charles Adams; Gioacchino Foti; Tanja Svetina; Laura Scaglioni; Jonathan Donald Astbury

Testimonials

Very strong expertise in real estate financing and capital markets structuring – the best in Italy.’

Extreme dedication and excellent communication.

Key clients

AMCO

Banca IMI

Credito Emiliano

Dedalus Holding

Expert System

Eprice

Intesa Sanpaolo

Mediobanca

Municipality of Rome

RAI – Radio Televisione Italiana

UniCredit

Capital markets: Equity Tier 1

At the forefront of the equity markets, Clifford Chance covers the whole range of ECM products, including IPOs, privatisations, rights issues, exchangeable and convertible bonds, and block trades. A member of the firm's global capital markets leadership group, Filippo Emanuele co-heads the finance and capital markets practice. Paolo Sersale's broad practice includes complex ECM transactions. Stefano Parrocchetti Piantanida, who regularly advises on capital strengthening operations and IPOs, and US law expert Laura Scaglioni  are experienced counsels. Jonathan Donald Astbury is the senior associate to note. Alberta Figari left the firm in 2021.

Practice head(s):

Filippo Emanuele

Other key lawyers:

Paolo Sersale; Stefano Parrocchetti; Laura Scaglioni; Jonathan Donald Astbury

Key clients

AMCO

Banca IMI

Credito Emiliano

Dedalus Holding

Expert System

Eprice

Intesa Sanpaolo

Mediobanca

Municipality of Rome

RAI – Radio Televisione Italiana

UniCredit

Banking and finance: Bank regulatory Tier 2

Clifford Chance's banking and financial regulations specialist Lucio Bonavitacola heads up the firm's Italian regulatory team; Bonavitacola is in regular contact with Italy's regulatory bodies, the Bank of Italy and The Commissione Nazionale per le Società e la Borsa (CONSOB), the public authority responsible for regulating the Italian securities market. Gioacchino Foti is a banking, financial regulations and capital markets expert, while Alberto Claretta Assandri is the senior associate to note.

Practice head(s):

Lucio Bonavitacola

Other key lawyers:

Gioacchino Foti; Alberto Claretta Assandri

Commercial, corporate and M&A Tier 2

Advising private equity funds, multinationals, financial institutions and real estate players, Clifford Chance's Italy corporate practice consistently acts on high-end M&A deals. With longstanding experience, Paolo Sersale specialises in public M&A, regulated transactions, private equity, and corporate restructurings; Claudio Cerabolini's broad practice includes M&A transactions, joint ventures, IPOs and tender offers. Umberto Penco Salvi is the lead on the energy and infrastructure group. Filippo Isacco and recently promoted Stefano Parrocchetti Piantanida are experienced counsels. Alberta Figari left the firm in early 2021.

Practice head(s):

Paolo Sersale

Other key lawyers:

Claudio Cerabolini; Umberto Penco Salvi; Filippo Isacco; Stefano Parrocchetti Piantanida; Francesca Casini; Jacopo Garonna; Cristiana Visco

Testimonials

Professionalism at every level and promptness in responding.

Solving problems by directing the person to the partner with the right skills required for each deal.

Counsel Filippo Isacco has excellent availability, professionalism and skills, which were demonstrated through the conclusion of a big deal in a very short time.

Key clients

AMCO

Ardian

Assicurazioni Generali

Carrefour

Expert System

Lixil Group Corporation

Macquarie Infrastructure

Mediobanca

Prudential Financial Inc

Santander Consumer Bank

UniCredit

Compliance Tier 2

Clifford Chance's compliance group is part of the regulatory investigations and financial crimes team, which is led by Antonio Golino. He is a criminal defence, regulatory enforcement and compliance specialist. The team is experienced in designing, implementing and executing compliance programmes, particularly systems and controls to prevent criminal offences. It also assists with internal investigations. In 2020, Giuseppe Principato was hired as counsel from  Studio Legale Fares - Principato. Pasquale Grella is an experienced senior associate.

Practice head(s):

Antonio Golino

Other key lawyers:

Giuseppe Principato; Pasquale Grella

Key clients

Affinity Petcare

Biosensors

Chanel

Ferrero

Hearst Magazines

ING

Nike

Otsuka Pharmaceutical Italy

SAFE

Viasat Group S.p.A.

Wacker Chemie Italy S.r.l.

Dispute resolution Tier 2

At Clifford Chance, highly regarded litigator Fabio Guastadisegni heads up the dispute resolution department, which distinguishes itself through its combination of civil and criminal law experience. Guastadisegni focuses on insolvency and restructuring projects, as well as banking and finance litigation. Senior associate Andrea Tuninetti Ferrari specialises in corporate, commercial and securities litigation. The team provides the full spectrum of litigation services, with notable strengths in white-collar crime cases; Antonio Golino is a particular name to note in this space.

Practice head(s):

Fabio Guastadisegni

Other key lawyers:

Carlo Felice Giampaolino; Andrea Tuninetti Ferrari; Antonio Golino

Testimonials

‘Very high professionalism combined with a great practical sense.’

‘Ability to understand customer needs.’

Key clients

ATAC S.p.A

Barclays

Bank of New York Mellon

Biosensors

Clear Channel

Credito Valtellinese

Enel S.p.A.

ING Bank

IC Ictas

Mazars S.A.

Poste Italiane S.p.A.

Société Générale SA

EU and competition law Tier 2

Led by antitrust specialist Luciano Di ViaClifford Chance's experienced Italian competition group covers mergers, joint ventures, cartels and abuse of dominance cases. In addition, it is also active in market investigations, litigation and state aid work. Di Via's experience includes advising domestic and international clients on antitrust matters in the food and beverage, retail, insurance, energy, life sciences and telecoms sectors. Providing notable support is senior associate Pasquale Leone, who has approximately 15 years of experience in antitrust and competition.

Practice head(s):

Luciano Di Via

Other key lawyers:

Pasquale Leone

Key clients

AGC Group

Ardian

Carrefour

CVC

Enel

PWC

Industry focus: Energy Tier 2

Clifford Chance's energy and infrastructure team includes lawyers with expertise in corporate M&A, finance, capital markets, public law and tax. Practice head Umberto Penco Salvi has a particularly strong track record in projects involving joint ventures, tender offers, restructuring, construction and contracts. Clients mainly include Italian electric utilities and oil and gas companies. Also notable is that the firm is at the forefront of a number of innovative technology solutions aimed at clients, including an automated contract generating tool and a digital platform for compliance.

Practice head(s):

Umberto Penco Salvi

Other key lawyers:

Charles Adams

Key clients

A2A

Ansaldo Energia

Building Energy

E.ON Connecting Energies Italia

E2i Energie Speciali

Edison/EdF

EDP Renewables

Enel

ENI

ERG

F2I

Macquarie Group

MET Group

Partners Group

Private equity Tier 2

Clifford Chance acts for global and regional financial investors, including PE houses, banks and specialised infrastructure funds, sovereign wealth funds, direct lenders and pension funds, on all aspects of PE transactions, as well as throughout the investment lifecycle. PE and M&A specialist Claudio Cerabolini leads the Italy PE group, which includes Giuseppe De Palma, who assists with PE-related financings; and Paolo Sersale, who is experienced in all aspects of PE work. Filippo Isacco is the experienced counsel to note.

Practice head(s):

Claudio Cerabolini

Other key lawyers:

Giuseppe De Palma; Paolo Sersale; Filippo Isacco

Key clients

Allegro S.à.r.l.

Amundi PE

Ardian

Cinven

CLP S.r.l.

CVC Strategic Opportunities II

Macquarie European Infrastructure

Paladin Capital Partners

Restructuring and insolvency Tier 2

Leveraging a broad interdisciplinary group, Clifford Chance's 'professional and skilled' R&I practice acts on high-profile Italian restructurings, distressed refinancing and insolvencies. The experienced team includes Italian and cross-border banking specialist Charles Adams and Italy managing partner (and banking and finance expert) Giuseppe De PalmaCarlo Felice Giampaolino acts for financial institutions and corporates in major insolvency cases. Italian litigation head Fabio Guastadisegni and corporate and M&A head Paolo Sersale are also recommended. Filippo Isacco is an experienced counsel.

Practice head(s):

Charles Adams; Giuseppe De Palma; Fabio Guastadisegni; Paolo Sersale

Other key lawyers:

Ferdinando Poscio; Filippo Isacco

Testimonials

Their punctuality and competence are strong distinguishing points.

Carlo Felice Giampaolino is very well prepared and helpful.

The team is very professional and skilled.

Key clients

ATAC S.p.A.

Banco BPM

BNP Paribas

Citibank N.A.

Exprivia S.p.A.

IC Ictas

Mitsubishi Corporation

Mubadala Investment Company PSJC

Peramsteelisa

Employment Tier 3

Clifford Chance advises clients on the entire ambit of employment law issues, and its team is increasingly sought after to assist with remuneration policies, regulatory investigations and corporate governance. The team, which is led by Simonetta Candela, is particularly active in advice to banks, financial institutions and investment management funds. Candela is an expert in Italian, EU and UK regulation. Her team works closely with the tax and pensions departments, as well as practitioners across the firm's international network.

Practice head(s):

Simonetta Candela

Other key lawyers:

Carlo Galli

Testimonials

Competence, flexibility’

Key clients

AMCO S.p.A.

Antas S.r.l.

Carrefour

Daikin Applied Europe S.p.A.

Real estate and construction Tier 3

Clifford Chance leverages its international reach to act on real estate transactions at European level. The team, which is led by Claudio Cerabolini, has been particularly active recently in advising clients on acquisitions of portfolios and assets in the logistics sector. Elsewhere, the group's expertise includes private fundraising, development, debt finance transactions and restructuring.

Practice head(s):

Claudio Cerabolini

Testimonials

Young team, always available and responsive in requests. Excellent internal organisation and customer focus.’

‘Excellent interpersonal and coordination skills with the other Clifford Chance offices in Europe’

Key clients

Patrizia AG

AXA Investment Managers

Torre SGR

Meritz Financial Group

Prelios SGR S.p.A.

Corinthia Hotels Limited

Cromwell European Real Estate Investment Trust

Swiss Life Asset Managers France

UniCredit S.p.A.

Banco BPM

Tax Tier 3

The main areas of expertise at Clifford Chance include the taxation of financial transactions and financial instruments, M&A and real estate taxation and structuring, and tax disputes. Tax transactions and litigation expert Carlo Galli heads up the practice, which also includes experienced counsel Sara Mancinelli and senior associate Andrea Sgrilli.

Practice head(s):

Carlo Galli

Other key lawyers:

Sara Mancinelli; Andrea Sgrilli

Testimonials

The firm boasts an outstanding reputation for financial sector taxation.

Good all-round skills.

High levels of professionalism, speed and accuracy of analysis and responses. These factors identify the team as one of the best for managing tax issues.

Carlo Galli has very good all-round knowledge and expertise.

Carlo Galli and his team provide great personal availability and extremely satisfactory results.

Carlo Galli and senior associate Andrea Sgrilli both showed great availability and professionalism, as well as having established lasting and profitable relationships with us.

Key clients

Amco S.p.A.

Ardian and Dedalus Holding S.p.A

AXA

Carestream Health

Eni

Cassa Depositi e Prestiti S.p.A.

Leonardo S.p.A.

Lixil Group Corporation

Bain Capital Credit

Starwood Capital

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 Giuseppe De Palma is Head of the Italian Banking and Restructuring practice,…
 Filippo Emanuele  photo Filippo Emanuele Filippo Emanuele is Co-Head of Finance & Capital Markets in Italy. He…
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