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  • Article

    The European Commission Issues Statement Of Objections Over Proposed Acquisition Of VMware

    On 12 April 2023, the European Commission (EC) informed Broadcom that its acquisition of VMware may restrict competition in the market for certain hardware components...
    European UnionAntitrust/Competition Law
    Orsingher Ortu – Avvocati Associati
    Orsingher Ortu – Avvocati Associati
  • Article

    Welcome To Spada Partners From Milan

    Spada Partners has established itself as a premier tax advisory firm serving businesses and families across Italy, offering comprehensive support in transactions, turnarounds, corporate finance, and M&A processes. With over 70 professionals, the firm provides dedicated expertise in tax and financial planning, governance support, and generational transitions for both domestic and international clients seeking deep connections within the Italian market.
    ItalyTax
    GGI | Global Alliance
    GGI | Global Alliance
  • Article

    New Article 2506.1 Of The Italian Civil Code On Demerger By Spin-Off (Scissione Mediante Scorporo)

    Legislative Decree No. 19 of 2 March 2023 (Implementation of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132...
    European UnionCorporate/Commercial Law
    Orsingher Ortu – Avvocati Associati
    Orsingher Ortu – Avvocati Associati
  • Article

    Directive (EU) No. 2019/2121 On Cross-Border Conversions, Mergers And Divisions Implemented

    The Italian Government has approved Legislative Decree No. 19 of 2 March 2023 implementing in Italy Directive (EU) 2019/2121 of the European Parliament...
    ItalyCorporate/Commercial Law
    Orsingher Ortu – Avvocati Associati
    Orsingher Ortu – Avvocati Associati
  • Article

    European Commission – Approval Of Unicredit's Acquisition Of Banco BPM Subject To Commitments

    European Commission ("Commission") has approved the acquisition of Banco BPM S.p.A. ("BPM") by UniCredit S.p.A. subject to commitments.
    European UnionAntitrust/Competition Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Merger Leveraged Buy-outs And VAT Deductibility Of Transaction Costs In Italy

    Italy's Revenue Agency has issued Resolution No. 7/2026, fundamentally reshaping the VAT treatment of transaction costs in merger leveraged buy-out structures. The ruling addresses whether special purpose vehicles qualify as taxable persons and whether acquisition-related expenses can be classified as deductible preparatory costs, marking a significant departure from previous formalistic interpretations that focused narrowly on shareholding activities.
    ItalyTax
    GGI | Global Alliance
    GGI | Global Alliance
  • Article

    VAT Deductibility Of Transaction Costs In MLBO Transactions

    Following a European Commission complaint by the Italian Association of Chartered Accountants, Italy has aligned its VAT treatment of merger leveraged buy-out transactions with EU law.
    ItalyTax
    GGI | Global Alliance
    GGI | Global Alliance
  • Article

    Acquisition Financing: The Debt Is Not Inherent To The Transferred Business

    The Italian Supreme Court recently ruled on the applicability to the loan entered into for the acquisition of a business of the rules governing the contracts and debts of the business itself...
    ItalyCorporate/Commercial Law
    Molinari Agostinelli Studio Legale
    Molinari Agostinelli Studio Legale
  • Article

    Italian Merger Filing Thresholds Increased

    The Italian Competition Authority ("ICA") annually amends the turnover thresholds for notification of transaction based on the gross national product price deflator index.
    ItalyAntitrust/Competition Law
    Jones Day
    Jones Day
  • Article

    M&A In 2014? Luxury Brands On Sale Or Seeking For Financial Partners

    The last quarter of 2013 saw a substantial M&A activity in the luxury and premium branded goods industry.
    ItalyCorporate/Commercial Law
    Portolano Cavallo
    Portolano Cavallo
  • Article

    Italian Court Of Cassation Confirms Deductibility Of VAT On Transaction Costs In MLBO Transactions

    With decision no. 22608/2024, the Italian Court of Cassation confirms the deductibility of VAT on transaction costs incurred by the SPV in the context of merger leveraged buy-out (MLBO) transactions.
    ItalyTax
    Gianni & Origoni
    Gianni & Origoni
  • Article

    Supercharging Company Performance: The Essential Role Of Interim CFOs In Navigating Disruption And Driving Transformation

    Interim CFOs often operate in an environment characterized by significant transformation and exceptional transactions. This provides numerous opportunities for companies that are navigating...
    ItalyCorporate/Commercial Law
    AlixPartners Asia LLC
    AlixPartners Asia LLC
  • Article

    EU Council of Ministers Approves Merger Law

    On January 20, 2004, the European Union Council of Ministers approved Council Regulation No. 139/2004 EC Merger Regulation (ECMR), a new merger law that became effective on May 1, 2004, concerning the control of concentrations between undertakings. This new regulation, which replaced Regulation 4064/89, increases the powers of the commission to review and block transactions that have a European Community scope. It also introduces more flexibility to the notification review process.
    ItalyCorporate/Commercial Law
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    Stocks, Bonds, Gold...Sport? Is Sport Now An Alternate Asset Class For Investors?

    Whilst sport globally, from football to the Olympics Games, has been severely impacted by the global pandemic, structural and regulatory changes, as well as disruptive technology...
    ItalyMedia, Telecoms, IT, Entertainment
    Studio Legale Withers
    Studio Legale Withers
  • Article

    Adapt Or Die? How Businesses Can Survive

    It is not startling that the official government statistics relating to the Gross Domestic Product (GDP) record the most significant slump for a considerable time
    ItalyCoronavirus (COVID-19)
    Giambrone
    Giambrone
  • Article

    Input VAT Deduction In Case Of Leveraged Buy-Out

    Con la Sentenza n. 3755, depositata il 20 dicembre 2023, la Corte di Giustizia tributaria di secondo grado della Lombardia ha legittimato la detrazione dell'IVA...
    ItalyTax
    IPG Lex&Tax
    IPG Lex&Tax
  • Article

    Italian Competition Law Reform Receives Greenlight By The Government

    On 4 November, the Italian Council of Ministers approved the draft "Annual Competition Law", pursuant to Article 47 of Law n. 99/2009, which empowers the Italian Government with the possibility to adopt a set of rules ...
    ItalyAntitrust/Competition Law
    Bird & Bird
    Bird & Bird
  • Article

    Italian Court Annuls EUR10.9 Million Fine For Abuse Of Dominance In The Context Of Completed Mergers

    At the end of March, the Regional Administrative Court of Lazio (RAC) annulled the decision of the Italian Competition Authority (ICA) finding that CTS Eventim-TicketOne group (TicketOne)...
    ItalyAntitrust/Competition Law
    Allen & Overy
    Allen & Overy
  • Article

    Digitalization And Corporate Governance: Challenges And Opportunities Under EU Directive 2025/25

    The digital revolution in corporate law introduced by EU Directive 2025/25 and its implications for governance and cross-border transactions.
    ItalyCorporate/Commercial Law
    Withers LLP
    Withers LLP
  • Article

    From Spreadsheet Chaos To Audit Automation: Introducing RobotX To The GGI Alliance

    Professional services teams in audit, tax, M&A, and finance spend countless hours on manual Excel tasks that don't require their expertise. RobotX, GGI's newest global partner, offers an AI-powered automation platform that eliminates these repetitive workflows, with some firms reporting 80% time savings in their test-of-details processes.
    ItalyTechnology
    GGI | Global Alliance
    GGI | Global Alliance

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