Clifford Chance > Milan, Italy > Firm Profile
Clifford Chance Offices
VIA BROLETTO, 16
20121 MILANO
Italy
Clifford Chance > The Legal 500 Rankings
Italy > Banking and finance: Borrower side Tier 1
Clifford Chance‘s practice fields a go-to team for finance transactions, including investment grade, and acquisition and export finance deals. It also assists with syndicated loans and debt restructuring transactions. Banking and finance specialist Giuseppe De Palma leads the practice, which features Charles Adams, a veteran Italian and cross-border banking practitioner, investment funds and regulatory head, Lucio Bonavitacola and Ferdinando Poscio, who acts on leveraged finance and restructuring. The counsels to note are Riccardo Coassin, Filippo Tassoni, Francesca Cuzzocrea, and recently promoted Chiara Commis. Paolo Ballerini is a key senior associate.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Testimonials
‘The team is collaborative and goal oriented.’
‘Extremely solid expertise, experience and professionalism, and manages matters with care, attention and flexibility.’
‘A remarkably efficient service, outstanding transparency and clear communication.’
‘Always promotes fee certainty and transparency, along with specific details on how they staff, execute, track and bill for the services provided.’
‘Ferdinando Poscio and counsel Chiara Commis are outstanding professionals, who always offer the best solution for different and complex issues.’
‘Ferdinando Poscio and Chiara Commis analyse each issue in a personalised way, while offering continuous and timely assistance during the borrowing process, in particular helping to manage the relationship and discussions with lenders and other law firms involved.’
‘Ferdinando Poscio and Chiara Commis demonstrate extremely high levels of preparation and professionalism.’
‘Counsels Francesca Cuzzocrea and Chiara Commis are very competent problem solvers.’
Key clients
Cassa Depositi e Prestiti
Infrastructure Investment Fund
Intesa Sanpaolo
Leonardo
Macquarie Infrastructure and Real Assets
Milione
Pirelli
SACE
The Student Hotel
UniCredit
Work highlights
- Advised Pirelli on a €1,6bn term and revolving facility agreement with ESG features.
- Assisted Leonardo with the signing of a new revolving credit facility.
- Advised The Student Hotel on securing €145m social and environmental impact financing for the development of two new locations in Italy.
Italy > Banking and finance: lender or arranger side Tier 1
Clifford Chance‘s Italy group acts for arrangers and financing banks on investment grade matters, syndicated loans, debt restructuring, and acquisition and export finance. Charles Adams is a leveraged finance, syndicated lending and project finance expert, whereas Giuseppe De Palma has a longstanding banking and finance practice. Ferdinando Poscio is also a leveraged finance and restructuring specialist. At counsel level, Francesca Cuzzocrea and Chiara Commis are ‘problem solvers‘, while Filippo Tassoni specialises in export finance and syndicated loans. The finance and capital markets practice also comprises experienced senior associate Paolo Ballerini.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Chiara Commis; Filippo Tassoni; Paolo Ballerini; Alberto Claretta Assandri; Lucio Bonavitacola; Riccardo Coassin
Testimonials
‘The diverse team is very competent and focused on achieving targets. Available and collaborative, the team never hesitates to take the time to provide additional explanations.’
‘Up to date with the latest market trends and characteristics of the the Italian market. Well-distributed work flows, always available to discuss, and always reachable.’
‘The team is broad enough to manage complex and time-challenging procedures.’
‘Offers all the services that clients need, ranging from deal structuring to tax and swaps – very reliable and trustworthy.’
‘Ferdinando Poscio is very engaged, leading clients through very tough rounds of document negotiations.’
‘Counsels Francesca Cuzzocrea and Chiara Commis are problem solvers and hard workers.’
‘Francesca Cuzzocrea is very experienced in energy project finance and real estate, as well as in fund regulatory issues. She is a true reference point for lender clients.’
‘Chiara Commis is excellent at leading a pool of lenders during negotiations – very experienced in energy project finance and also in administrative legal matters.’
Key clients
Cassa Depositi e Prestiti
Infrastructure Investment Fund
Intesa Sanpaolo
Leonardo
Macquarie Infrastructure and Real Assets
Milione
Pirelli
SACE
The Student Hotel
UniCredit
Work highlights
- Assisted Intesa Sanpaolo and UniCredit (and other international and national banks) with the renegotiation of a €1.5bn credit line (guaranteed by SACE), which was granted to Saipem.
- Assisted a pool of international and national banks with a €2bn credit facility (guaranteed by SAC) to TIM, (the largest telecoms services provider in Italy).
- Assisted SACE and UniCredit with a €250m credit facility (guaranteed by SACE) to large Italian steel company, Acciaierie d’Italia.
Italy > Capital markets: Debt Tier 1
Fielding Italian, English and US-qualified practitioners, Clifford Chance‘s ‘dedication to clients is unrivalled‘. The practice consistently acts on the market’s most significant transactions, with its recent experience including advising on large-value green bonds, and sustainability-linked bond issuances under Euro medium-term note (EMTN) programmes. Filippo Emanuele‘s broad expertise covers DCM work, Gioacchino Foti specialises in debt issuances and regulatory capital, and Tanja Svetina is Italy structured finance head. Counsel Laura Scaglioni assists with bond issuances and liability management transactions, while Jonathan Donald Astbury and Alice Reali are active senior associates.Practice head(s):
Filippo Emanuele
Other key lawyers:
Testimonials
‘A very knowledgeable team that is always available and willing to assist clients.‘
‘Extremely experienced and talented lawyers.‘
‘Its dedication to clients is unrivalled. The lawyers work really hard and go the extra mile with their problem-solving attitude and creative solutions.‘
‘Filippo Emanuele is an expert in the Italian market. A very safe pair of hands, who is always reliable and always available – a real pleasure to work with.‘
‘Unlike partners from other Magic Circle firms’ local offices, Filippo Emanuele is always involved and always available to discuss clients’ needs and concerns.‘
‘Filippo Emanuele’s polite approach, sound judgement and market knowledge are his secret weapons, and they really make a difference, particularly when it comes to tough negotiations.‘
‘Jonathan Astbury is a very talented senior associate.‘
‘Jonathan Astbury puts so much energy and hard work into everything he does, from the smallest of matters to the most complex transaction; and he really knows what clients need/want.‘
Key clients
Goldman Sachs International
J P Morgan
Banca di Credito Finanziario
UniCredit Corporate & Investment Banking
Maire Tecnimont
ABN AMRO Bank
Morgan Stanley
Credemholding
European Investment Fund
BNB Paribas
Work highlights
- Assisted the joint global coordinators and joint bookrunners in relation to Industrie De Nora’s listing on Euronext Milan.
- Advised Maire Tecnimont on its first Euro commercial paper programme.
- Advised the joint lead managers on the placement of Banco BPM’s first green covered bond issue (aimed at institutional investors).
Italy > Banking and finance: Bank regulatory Tier 2
Clifford Chance‘s financial regulation team advises domestic and international groups, arrangers and financing banks on high-profile matters. Lucio Bonavitacola heads the investment funds and regulatory team, with clients benefiting from his regular contact with regulatory bodies, the Bank of Italy and CONSOB. Gioacchino Foti‘s track record includes advising the Italian Banking Association while other key figures within the group include banking and finance partners Charles Adams, Giuseppe De Palma and Ferdinando Poscio. At counsel level, Francesca Cuzzocrea is experienced in banking products, while Riccardo Coassin advises on regulatory issues.Practice head(s):
Giuseppe De Palma
Other key lawyers:
Lucio Bonavitacola; Gioacchino Foti; Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Riccardo Coassin; Filippo Tassoni; Alberto Claretta Assandri
Testimonials
‘A very coordinated and competent team.’
‘Always available and proactive – ensures a high level of service by working cohesively.’
‘In addition to the excellent technical skills and the always very polite and collaborative approach, clients report a strong aptitude for problem solving.’
Key clients
Cassa Depositi e Prestiti
Intesa Sanpaolo
Leonardo
Macquarie Infrastructure and Real Assets
Milione
Pirelli
SACE
The Student Hotel
UniCredit
Work highlights
- Assisted Intesa Sanpaolo and UniCredit (and other international and national banks) as lenders, with the renegotiation of a €1.5bn credit line granted to Saipem.
- Advised Leonardo on a revolving ESG-linked credit facility with a pool of international and national banks.
- Advised The Student Hotel, a global developer and operator of accommodation centres, on securing €145m in social and environmental impact financing from UniCredit.
Italy > Capital markets: Equity Tier 2
Comprising ‘highly skilled professionals‘, Clifford Chance‘s Milan-based team can boast Italian, US and English Law expertise. It covers the whole range of ECM work, from IPOs to privatisations, rights issues, block trades, and exchangeable and convertible bonds. The practice of finance and capital markets practice co-head, Filippo Emanuele, includes high-profile ECM matters. At counsel level, Stefano Parrocchetti Piantanida‘s ECM transactional workload includes capital strengthening operations and IPOs, and US law expert Laura Scaglioni assists with IPOs, capital increases and block trades. Jonathan Astbury is an active senior associate.Practice head(s):
Filippo Emanuele
Other key lawyers:
Testimonials
‘The capital markets team at CC is made up of highly skilled professionals.‘
‘Very keen to find well-balanced solutions so as to address the requests of all parties involved.‘
‘Counsels Laura Scaglioni and Stefano Parrocchetti Piantanida are very experienced and highly recommended professionals, who have a sound commercial attitude.‘
Key clients
Goldman Sachs International
J P Morgan AG
Banca di Credito Finanziario
UniCredit Corporate & Investment Banking
Maire Tecnimont
ABN AMRO Bank
Morgan Stanley
Credemholding
European Investment Fund
BNB Paribas
Work highlights
- Assisted the joint global coordinators and joint bookrunners in relation to Industrie De Nora’s listing on Euronext Milan.
- Advised Goldman Sachs International, J P Morgan, Mediobanca – Banca di Credito Finanziario and UniCredit Corporate & Investment Banking (as joint global coordinators and joint bookrunners) on Juventus’ capital increase.
- Advised Deutsche Bank Investment Bank, Equita SIM, J P Morgan, UniCredit Bank Milan Branch (as joint global coordinators and bookrunners) and Citigroup Global Markets (as bookrunner only) on the IPO of ordinary shares of Sisal on the electronic share market.
Italy > Commercial, corporate and M&A Tier 2
Clifford Chance hones its focus on high-end, cross-border deals, catering to a roster of leading corporates and investors alike. The practice is headed by Paolo Sersale, who excels in both public and private M&A, in addition to restructurings; he is supported by Umberto Penco Salvi, who is especially accomplished in construction and energy-related matters, as well as Claudio Cerabolini, who serves as a go-to for asset managers, real estate companies and private equity players. At counsel level, Filippo Isacco is also a standout name who is dual qualified as both a lawyer and chartered accountant, and Francesca Casini counts joint venture and takeover deals among her core strengths.Practice head(s):
Paolo Sersale
Other key lawyers:
Key clients
Atlantia
Athora Holding Ltd.
Ardian
Assicurazioni Generali
Cassa Depositi e Prestiti
Cinven
Edison
Enel
Eni
Gruppo Arvedi
Infrastructure Investment Fund
ITV Studios
Leonardo
Macquarie Infrastructure and Real Assets
Mitsui & Co Ltd.
Partners Group
Prudential Financial
Stellantis
Trinseo
UniCredit
Work highlights
- Advised Infrastructure Investment Fund, a long-term investor in infrastructure and infrastructure-related assets managed by JP Morgan Asset Management, on the acquisition of control and take private of Falk Renewables.
- Assisted Macquarie Infrastructure and Real Assets in relation to the acquisition of a stake in the corporate capital of Open Fiber S.p.A. from Enel S.p.A.
- Assisted the consortium set up by the Italian infrastructure fund F2i and the international fund DWS in the acquisition, from the private equity fund Permira, of Althea group, a pan-European leader in integrated services of biomedical technologies.
Italy > Compliance Tier 2
Experienced in criminal defence, regulatory enforcement and compliance, Clifford Chance‘s compliance team is part of the firm’s regulatory investigations and financial crimes practice. The group designs, implements and executes compliance programmes, including systems and controls that prevent criminal offences, and assists, as internal investigator, with remedying legal and regulatory violations. The practice of team leader Antonio Golino includes compliance matters involving internal systems and controls. At counsel level, Giuseppe Principato is experienced in criminal defence work for corporate entities and individuals, while Pasquale Grella is an experienced senior associate.Practice head(s):
Antonio Golino
Other key lawyers:
Testimonials
‘Pasquale Grella and his team are able to provide legal assistance at the highest levels.‘
‘Having built a solid track record in compliance, Pasquale Grella and his team are able to assist clients from various business sectors.‘
‘Pasquale Grella and his team are extremely passionate and enthusiastic people – it is a pleasure to work with them.‘
‘Being part of one of the most important law firms, Pasquale Grella and his team are able to offer assistance on particularly complex and multidisciplinary issues.‘
Key clients
PHSE
Euricom Group
Cassa Depositi e Prestiti
Macquarie Infrastructure and Real Assets
Chanel
Affinity Petcare
Ferrero
Nike
Carrefour
Viasat Group
Wacker Chemie Italy
Thelios
Biosensors Group
Altuglas
Work highlights
- Advised a consortium, comprising Cassa Depositi e Prestiti, Blackstone and Macquarie, on the risk management, compliance and criminal law aspects of the investment in Autostrade per l’Italia.
- Assisted Macquarie Infrastructure and Real Assets with the risk management issues surrounding the acquisition of a stake in the corporate capital of Open Fiber from Enel.
- Advised Citigroup on drafting and implementing a Law 231 compliance programme for its new Italian branches.
Italy > Dispute resolution Tier 2
Clifford Chance‘s litigation and dispute resolution department houses integrated subteams dedicated to civil litigation, white-collar crime and regulatory investigations. Renowned insolvency, restructuring, banking and finance litigator and commercial arbitrator, Fabio Guastadisegni, heads up the team which includes Carlo Felice Giampaolino; he litigates in Milan and Rome before the commercial courts, in addition to the Supreme Court, on a wealth of complex commercial, insurance and corporate law matters. White-collar and compliance expert, Antonio Golino, frequently advises financial institutions on sensitive matters arising from regulatory enforcement issues and investigations.Practice head(s):
Fabio Guastadisegni
Other key lawyers:
Carlo Giampaolino; Antonio Golino; Giuseppe Principato; Andrea Tuninetti Ferrari
Testimonials
‘Antonio Golino in particular a strong partner with extensive experience of appearing in Italian Courts. Very user friendly, focused and attentive.’
‘Very reactive and responsive. Think outside the box and one step further.’
‘Very kind and available.’
‘The C&C Team is very collaborative and supportive. Their help in decision making is really important.’
‘Unique customer nearness, always aiming to maximize clients inputs.’
‘The partner Fabio Guastadisegni is carrying the relationship through the years ( 10y), always delivering exceptional results.’
Key clients
Cassa Depositi e Prestiti
Citibank
Credito Valtellinese
HSBC Bank
Kidiliz
Macquarie Aircraft Leasing Services
Poste Italiane
Trenitalia
Work highlights
- Assisted the consortium of purchasers in the assessment of the exposure for litigation risk deriving from the pending and threatened disputes with a nominal value of over EUR 20mio.
- Advising an Italian bank with regards to a contentious activity, focused first on the analysis of the bank’s former corporate bodies’ conducts, and the commencement of a civil liability claim against them on behalf of the bank, which suffered damages as consequence of their unlawful conducts.
- Acted as counsel of record of a former senior managing director of a German bank in the appellate proceedings, after a first instance conviction issued by the Court of Milan on charges of aiding and abetting market manipulation by allegedly disclosing false financial statements.
Italy > EU and competition law Tier 2
The Italy practice at Clifford Chance covers merger control work, anti-competitive agreements, abuse of dominance proceedings and state aid. It also assists with foreign direct investment, consumer protection issues and private enforcement. The career of Italy antitrust department head Luciano Di Via includes ten years at the Italian Competition Authority, while his sector expertise covers the retail, insurance, energy, telecoms, and food and beverage industries. Associate-level support is provided by EU and Italian competition law specialist Antonio Mirabile, and cartel and abusive conduct expert Maria Bazzini (a 2022 hire from Grimaldi Alliance).
Practice head(s):
Luciano Di Via
Other key lawyers:
Key clients
Admiral Group
Atlantia
Conserve Italia
Hoshizaki Corporation
Infrastructure Investment Fund
Macquarie Infrastructure and Real Assets
Mastercard
Mitsui & Co
Sanoma
Vivaticket
Arvedi
Carrefour
Cassa Depositi e Prestiti
CVC
Easyjet
Enel
Partners Group
Permira
Syngenta
Work highlights
- Assisted Macquarie Infrastructure and Real Assets with the antitrust and Golden Power filing for the acquisition of a controlling stake in Open Fiber’s corporate capital.
- Assisting Mastercard before the Italian Competition Authority in relation to an investigation into an alleged abuse of dominant position in the Italian payment card market.
- Assisted a consortium (made up of Cassa Depositi e Prestiti, Blackstone and Macquarie) with the antitrust and Golden Power issues surrounding the acquisition of Autostrade per l’Italia.
Italy > Industry focus: Energy Tier 2
Clifford Chance‘s Italian group routinely acts for players in the renewable energy, thermoelectric, hydroelectric and hydrogen markets, along with domestic and multinational oil and gas companies. The team comprises specialists in energy-related M&A, tax structuring, real estate, commercial contracts, and project and trade finance. Other areas of expertise range from capital markets to IP, antitrust and international private law. Longstanding energy sector specialist Umberto Penco Salvi heads the Italian energy and infrastructure group, which features Italy managing partner Giuseppe De Palma, along with global financial markets counsels Francesca Cuzzocrea and Chiara Commis.Practice head(s):
Umberto Penco Salvi
Other key lawyers:
Giuseppe De Palma; Francesca Cuzzocrea; Chiara Commis; Michele Bernardi
Testimonials
‘Very high level of legal competence with a strong commercial acumen that allows the CC team to make the difference during complex negotiations.’
‘Fully dedicated to the deal and the client, particularly Umberto Penco Salvi.’
Key clients
Ascopiave
Edison
Enel Green Power
Eni
Gruppo Arvedi
Infrastructure Investments Fund
Liquigas
Synergo
Total
Work highlights
- Advised Infrastructure Investment Fund on the acquisition of Falck’s entire stake in Falck Renewables.
- Advised Edison on the sale to a Predica vehicle company of a 49% stake in Edison Renewables.
- Advised Eni on an agreement with Azora Capital involving the acquisition of nine renewable energy projects in Spain.
Italy > Private equity Tier 2
Clifford Chance's team operates throughout the entire investment lifecycle, acting for private equity houses, asset managers and direct lenders in addition to specialised debt, hedge, real estate, pension and sovereign wealth funds. Practice head Claudio Cerabolini leverages over 20 years’ experience in overseeing buy-out, public-to-private, growth capital, merger and joint venture transactions. Filippo Isacco is also a key name on the transactional front and is distinctly dual-qualified as both a lawyer and chartered accountant.Practice head(s):
Claudio Cerabolini
Other key lawyers:
Key clients
Ardian
Athora Holding Ltd.
Macquarie Infrastructure and Real Assets
Cassa Depositi e Prestiti
CVC Capital Partners
DWS – Deutsche Asset & Wealth Management
EQT Infrastructure
F2i
Permira
Work highlights
- Advised EQT Infrastructure in the disposal, together with GETEC Energie Holding, of its respective stake in G+E GETEC Holding GmbH, to Infrastructure Investments Fund, which is managed by JP Morgan Asset Management.
- Assisted the consortium set up by the Italian infrastructure fund F2i and the international fund DWS in the signing of the agreements aimed at the acquisition, from the private equity fund Permira, of Althea group, a pan-European leader in integrated services of biomedical technologies.
- Advised Infrastructure Investment Fund, which is managed by JP Morgan Asset Management, on the acquisition of control and take private of Falk Renewables, an international pure play company working in the field of renewables, listed on the STAR segment of the Milan Stock Exchange.
Italy > Restructuring and insolvency Tier 2
Clifford Chance is reputed for its handling of high-profile Italian restructurings, distressed refinancing, and insolvency transactions. The practice offers strategic guidance on structuring corporate acquisitions, drawing on a wide interdisciplinary group that includes tax and employment lawyers. In the Rome office, Carlo Felice Giampaolino is an expert on corporate and bankruptcy markets, assisting financial institutions in major insolvency cases. The managing partner, Guiseppe De Palma, has in-depth experience in transactions involving leveraged and acquisition finance, while Fabio Guastadisegni and Paolo Sersale are also noted.Practice head(s):
Charles Adams; Giuseppe De Palma; Carlo Felice Giampaolino; Fabio Guastadisegni; Ferdinando Poscio; Paolo Sersale
Other key lawyers:
Filippo Isacco; Alessandro Sciarra
Key clients
Citibank
Codere Group
HSBC Bank PLC
Intesa Sanpaolo
Kidiliz Group Italy
Mitsubishi Corporation
UniCredit
Work highlights
- Assisted Permasteelisa a on a very complex transaction comprising the transfer from Permasteelisa and Metalsigma to a company of the Fincantieri Group of their quotas in Marine Project Solutions S.c.a.r.l..
- Advising an Italian state-owned financial management company which specializes in maximizing value and facilitating the divestment of real estate assets by way of privatisation.
- Advised the Codere Group, a leading player in the private gaming industry, on its restructuring by way of a new money offering and consent solicitation, the need for which arose from continuing COVID-related restrictions and closures which impacted materially on the group’s gaming and casino businesses.
Italy > Employment Tier 3
Clifford Chance‘s employment department combines local expertise with access to a strong, global network which allows the team headed by Simonetta Candela to assist leading companies on all employment law matters pertaining to multijurisdictional corporate transactions, trade union negotiations and industrial relations. Candela has particular expertise in remuneration and regulatory matters in the credit and financial sector, restructuring processes and litigation; she is assisted by associate Marina Mobiglia.Practice head(s):
Simonetta Candela
Other key lawyers:
Testimonials
‘All team members are always very collaborative, they try to clearly understand your needs and provide timely support.’
‘Marina Mobiglia is a very qualified labour lawyer.’
Key clients
Athora
Arvedi
Cassa Depositi e Prestiti
Daikin Applied Europe S.p.A.
Deutsche Asset & Wealth Management
Edison
F2i
Hoshizaki Corporation
Infrastructure Investment Fund
Macquarie
Partners Group
Sanoma
Work highlights
- Advising and assisting Daikin Applied Europe S.p.A. on all employment matters in relation to termination of employment and Health and Safety issues.
- Advised Infrastructure Investment Fund in relation to the labour aspects of the acquisition of the 60% of the share capital of Falck Renewables.
- Assisted a primary foreign group active in large-scale distribution in a successful restructuring plan that was concluded by a union agreement envisaging a group’s reorganisation with particular attention to processes of professional requalification and management of internal active policies.
Italy > Investment funds Tier 3
Fully integrated within the firm’s regulatory team, Clifford Chance‘s Milan-based investment funds practice also routinely works alongside its corporate, tax, and banking and finance departments. It has a long track record of advising on UCITS products and AIFMD investment vehicles, in relation to private equity, real estate, and private debt and credit matters. Regulatory specialist Lucio Bonavitacola leads the regulatory and funds team, which also showcases key senior associate Alberto Claretta Assandri.Practice head(s):
Lucio Bonavitacola
Other key lawyers:
Alberto Claretta Assandri; Riccardo Coassin; Giorgio Di Stasio
Testimonials
‘Great technical and commercial team that knows the regulations and the regulators – clients are very happy with its work.‘
‘Extensive knowledge of the investment funds sector and a network of skilled professionals in all the major markets.‘
‘The team has sound knowledge of market practices, understands the parties’ business needs, and is incredibly responsive at any given time.‘
‘Lucio Bonavitacola is experienced, commercial, responsive and reliable. Everything clients want in a partner of his seniority.‘
‘Lucio Bonavitacola’s knowledge of the industry is outstanding, and he reads the parties’ specific aims and key concerns during negotiations perfectly.‘
‘Lucio Bonavitacola correctly identifies potential issues and often comes up with solutions or alternatives that benefit transactions. He also always makes himself available to further discuss and clarify, and he is extremely responsive.‘
‘Alberto Claretta Assandri is excellent.‘
‘Alberto Claretta Assandri has great experience and deep knowledge of the industry. He is extremely responsive, and can bring matters to a timely and successful conclusion. He is also extremely proactive in his assistance to clients.‘
Key clients
F2i SGR
Cassa Depositi e Prestiti
Kartesia Management
Zencap
LaSalle AIFM Europe
Optimum Asset Management
Generali Real Estate
CBRE Investment Management
Work highlights
- Advised a primary asset management company on the structuring and establishment of its first Italian lending platform (dedicated to institutional investors).
- Advised Cassa Depositi e Prestiti on its proposed investment in Luxembourg fund Muzinich Diversified Enterprises Credit II.
- Assisting Kartesia Management with the Italian authorisation procedure for a permit to engage in lending business.
Italy > Real estate and construction Tier 3
In addition to acting for property companies, and domestic and international investors, Clifford Chance advises funds, asset management companies and lenders on their real estate interests in Italy. Practice head Claudio Cerabolini specialises in real estate, private equity, and private and public M&A deals. Giuseppe De Palma and counsel Francesca Cuzzocrea both assist with real estate financings, while senior associate Angela Benincasa handles real estate portfolio acquisitions and disposals.
Practice head(s):
Claudio Cerabolini
Other key lawyers:
Key clients
Angelo Gordon
Goldman Sachs
HSBC Italia
Kervis SGR
L’Oreal Italia
The Student Hotel
Prelios SGR
Patrizia AG
Work highlights
- Advised Patrizia AG on the real estate and corporate aspects of the sale to Starwood Capital Group of the Oppeano Logistics Park.
- Assisted Prelios SGR with the sale of a property in Rome.
- Advised Goldman Sachs Asset Management and Kervis SGR on the acquisition of two pieces of land in northern Italy.
Italy > Tax Tier 3
‘The perfect adviser for complex, cross-border deals‘, Clifford Chance’s practice focuses on the tax aspects of finance, M&A and real estate transactions. On the disputes side, the team’s expertise includes tax audits, along with litigation before the tax courts. Tax head Carlo Galli is also part of the firm’s global tax leadership group, while counsel Sara Mancinelli is ‘extremely competent‘. Andrea Sgrilli and Roberto Ingrassia are experienced senior associates.
Practice head(s):
Carlo Galli
Other key lawyers:
Testimonials
‘What makes the Clifford Chance tax practice unique is the high-quality work, combined with a strong focus on the business aspects.‘
‘Always looks for solutions to ensure that the deal closes.‘
‘The perfect adviser for complex, cross-border deals – it has an unrivalled European tax practice.‘
‘Exceptionally commercial and with great industry knowledge.‘
‘Sara Mancinelli is one of the most valuable professionals around for real estate tax. She is a go-to person when there is a complex or sensitive tax issue to be handled.‘
‘Sara Mancinelli is extremely competent from a technical perspective, especially in cross-border structuring and VAT matters.‘
‘What makes Sara Mancinelli different from competitors is the way she manages issues – she anticipates and prevents them from becoming problems or deal breakers. When she is on a deal, clients know that every tax aspect is under control and properly managed, and that there will be no surprises.‘
Key clients
Atlantia
Athora Holding
Infrastructure Investment Fund
Cassa Depositi e Prestiti
Coima Sgr
Eni
Macquarie Infrastructure and Real Assets
Primonial
Starwood Capital
Work highlights
- Advised Atlantia on the tax aspects of an agreement with the Siemens Group for the acquisition of Yunex Traffic.
- Assisted Coima Sgr with the tax aspects of a forward purchase agreement for a Grade A logistics development portfolio.
- Assisted Starwood Capital with the tax aspects of a strategic investment from controlled affiliates of Starwood Capital Group, consisting of the subscription of a minority stake in DoveVivo.
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
Lawyer Profiles
Photo | Name | Position | Profile |
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Giuseppe De Palma | Giuseppe De Palma is Head of the Italian Banking and Restructuring practice,… | View Profile | |
Filippo Emanuele | Filippo Emanuele is Co-Head of Finance & Capital Markets in Italy. He… | View Profile |
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