Artificial intelligence (AI) is increasingly transforming business processes and strategies across industry sectors. Companies are figuring out how to take advantage of AI, focusing primarily on customers' needs and...more
11/19/2020
/ Artificial Intelligence ,
Big Data ,
Board of Directors ,
Business Judgment Rule ,
Corporate Governance ,
Decision-Making Process ,
Duty of Care ,
Fiduciary Duty ,
Machine Learning ,
Risk Management ,
Technology
On July 16, 2020, the Italian Government enacted Law Decree No. 76/2020 introducing permanent and temporary measures aimed at simplifying rights issues and accelerating the approval of certain equity transactions....more
7/27/2020
/ Board of Directors ,
Capital Requirements ,
Coronavirus/COVID-19 ,
Italy ,
Pre-emptive Rights ,
Private Investment in Public Equity (PIPEs) ,
Relief Measures ,
Right of First Refusal ,
Rights Offering ,
Shareholder Rights ,
Shareholders ,
Temporary Regulations
Financial Institutions M&A sector trends: Payments — H1 2020 and outlook for H2 2020.
Lockdown utilisation levels encourage cross-border operators to scale-up and private equity investors to pile-in....more
A handful of large deals struck early in the year provided a few bright spots for Italian M&A activity in H1 2020.
A cluster of larger deals in early 2020 helped to put a shine on Italy’s M&A figures for the first half of...more
Over the last three months, the Italian Government has enacted a package of financial assistance designed to help Italian businesses survive the dramatic short-term effects of the coronavirus ("COVID-19") pandemic. The...more
7/14/2020
/ Board of Directors ,
Borrowers ,
Business Continuity Plans ,
Coronavirus/COVID-19 ,
Creditors ,
Federal Loans ,
Financial Assistance Policies ,
Italy ,
Liquidity ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Relief Measures ,
SACE Guarantee Scheme ,
Shareholders ,
Small and Medium-Sized Enterprises (SMEs) ,
Small Business
On April 8, 2020, in response to the COVID-19 emergency and following EU Commission guidelines issued on March 25, 2020 on the protection of European strategic assets and technologies, the Italian government issued Law Decree...more
On 8 April 2020, the Italian Government enacted Law Decree no. 23 of 2020 (the "Restore Liquidity" Decree). In combination with Law Decree no. 18 of 17 March 2020 (the "Cure Italy" Decree), it provides businesses affected by...more
4/10/2020
/ Directors ,
Fiduciary Duty ,
Financial Assistance Policies ,
Funding ,
Italy ,
Liquidity ,
Midsize and Large Business Loans ,
SACE Guarantee Scheme ,
Shareholders ,
Small and Medium-Sized Enterprises (SMEs) ,
Small Business Loans
On March 27, 2020, the United States Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") became effective. The primary purposes of the CARES Act is to provide businesses affected by the novel coronavirus...more
4/9/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Dividends ,
Employee Retention ,
Executive Compensation ,
Federal Loans ,
Foreign Subsidiaries ,
Interest Rates ,
Midsize and Large Business Loans ,
Relief Measures ,
Shareholder Distributions ,
Stock Repurchases
As the season for shareholders' annual general meetings is fast approaching, we are sharing with our clients and friends some suggestions that we believe provide strategic flexibility and reflect best practices in corporate...more
3/10/2020
/ Annual Meeting ,
Board of Directors ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Social Responsibility ,
Diversity ,
Environmental Social & Governance (ESG) ,
Italy ,
Publicly-Traded Companies ,
Remuneration ,
Shareholders ,
Sustainability
Financial institutions M&A sector trends: payments — H2 2019 and outlook for 2020.
Megadeals, including Global Payments/Total System Services, Fidelity National/Worldpay and PayPal/iZettle, have dominated headlines, but...more
2/25/2020
/ Acquisitions ,
Banks ,
Cross-Border Transactions ,
Financial Institutions ,
Financial Sponsors ,
Global Dealmaking ,
Industry Consolidation ,
Joint Venture ,
Mergers ,
Payment Processors ,
Payment Systems ,
Private Equity ,
Venture Capital
Listed companies that renew their corporate bodies starting from 2020 will have to increase from 1/3rd to at least 2/5th the quota of members of the board of directors and of effective members of their board of statutory...more
Deals are generally not blocked by the Italian government. However, in connection with the clearance process, conditions may be imposed that can have a significant impact on the investment.
The Italian government, which is...more
1/7/2020
/ Critical Infrastructure Sectors ,
EU ,
Filing Requirements ,
Foreign Acquisitions ,
Foreign Direct Investment ,
Italy ,
Member State ,
Mergers ,
National Security ,
National Security Review Proceedings ,
Notice Requirements
The Italian M&A market experienced positive growth in both domestic and cross-border transactions over recent years, with the number and value of deals steadily increasing, especially since 2017. While neither sellers nor...more
12/17/2019
/ Acquisitions ,
Arbitration ,
Chamber of Commerce ,
Commercial Arbitration ,
Cross-Border Transactions ,
Dispute Resolution ,
International Arbitration ,
Italy ,
Mergers ,
Multi-Party Litigation ,
Multiple Party Contracts ,
New Rules ,
Share Purchase Agreements ,
Shareholder Litigation
The season for shareholders' annual general meetings is fast approaching, and we would like to take this opportunity to provide our clients and friends with some suggestions that we believe provide strategic flexibility and...more
3/8/2019
/ Annual Meeting ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Diversity ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Internal Controls ,
Italy ,
Minority Shareholders ,
Publicly-Traded Companies ,
Share Buybacks ,
Shareholder Meetings ,
Shareholders
On January 24, 2019 the Italian Ministry of Economy and Finance ("MEF") published a press release announcing that the Italian government has readied a set of measures necessary to ensure full continuity for financial markets...more
1/31/2019
/ Cross-Border Transactions ,
EU ,
Financial Markets ,
Foreign Corporations ,
Investment Funds ,
Investor Protection ,
Italy ,
Member State ,
No-Deal Brexit ,
Passporting ,
Proposed Legislation ,
Transitional Arrangements ,
UK