La Dolce Vita: Dentons opens first Italian office with DLA hires

La Dolce Vita: Dentons opens first Italian office with DLA hires

Dentons has opened its first office in Italy having hired 21 lawyers, including three partners from DLA Piper, as well as from a local employment law boutique.

Leading the team from DLA is the firm’s former managing director for Europe and Africa, Federico Sutti, who also previously served as Italy managing partner for more than 16 years. He joins energy partner Matteo Falcione and real estate expert Federico Vanetti. Partners Aldo Calza and Iacopo Aliverti Piuri are also joining from employment law boutique hELP, which was founded by Calza after leaving DLA Piper.

Continue reading “La Dolce Vita: Dentons opens first Italian office with DLA hires”

Clifford Chance and Shearman deliver advice on Italy’s €4bn post office IPO

Clifford Chance and Shearman deliver advice on Italy’s €4bn post office IPO

Clifford Chance (CC) and Shearman & Sterling have landed lead advisory roles on the floatation of Italy’s post office, in an initial public offering expected to be valued between €8 and €10bn, allowing the government to raise up to €4bn from its partial privatisation.

Continue reading “Clifford Chance and Shearman deliver advice on Italy’s €4bn post office IPO”

The beautiful game: Cleary advises Inter Milan on sale of 70% stake to Indonesian tycoons

The beautiful game: Cleary advises Inter Milan on sale of 70% stake to Indonesian tycoons

One of Italy’s most successful football teams, Inter Milan, has turned to Cleary Gottlieb Steen & Hamilton as it becomes the latest European football club to be taken over by foreign investors.

The club has sold a 70% stake to International Sports Capital (ISC), which is indirectly owned by Indonesian billionaire Erick Thohir and prominent Indonesian investors Rosan Roeslani and Handy Soetedjo. Continue reading “The beautiful game: Cleary advises Inter Milan on sale of 70% stake to Indonesian tycoons”

Renaissance style – the battle to modernise Italy’s legal elite

Renaissance style – the battle to modernise Italy’s legal elite

In 2011 Stefano Simontacchi, then head of tax at the Italian legal giant Bonelli Erede Pappalardo, made a high-stakes presentation at the firm’s general partners’ meeting. The increasingly disastrous economic climate in Italy was forcing the firm to reappraise its strategy and Simontacchi, as part of a three-partner committee, had been approved by the firm’s board to find a solution.

‘We needed strategic thinking about whether we wanted to be a very small boutique or whether we wanted to remain at the size we were,’ recalls Simontacchi. ‘In which case, how could we survive when overall spending capacity of the market is decreasing?’

Continue reading “Renaissance style – the battle to modernise Italy’s legal elite”

White & Case continues capital markets drive as Milan boasts full DCM suite

White & Case continues capital markets drive as Milan boasts full DCM suite

White & Case has made no secret of its strategic objective to boost its global capital markets capability and last week saw a debt capital markets (DCM) team join in Milan from Magic Circle rival Allen & Overy (A&O).

A&O’s DCM and regulatory partner Paola Leocani (pictured) joins the Milan office alongside counsel Elena Radicella Chiaramonte, two senior associates, an associate and two trainees.

Rated by Legal 500 as third-tier for ECM and DCM in Italy, White & Case claims that it is now one of the only firms in the region with a full spectrum of capital markets and regulatory services across products, at a time when Italy has seen a decrease in bank lending and a corresponding growth in DCM. Continue reading “White & Case continues capital markets drive as Milan boasts full DCM suite”