Press Releases

articolo_mergers

31 May: The Firms in Xenon’s entry into Miorelli

The Firms in Xenon’s entry into Miorelli Milan, May 30, 2024 – The acquisition by Xenon Private Equity of Miorelli Service S.p.A., an Italian leader in soft facility management based in Mori (Trento, Italy), has been concluded. Xenon Private Equity was assisted in all aspects of the transaction by Pavia e Ansaldo Studio Legale with a multidisciplinary team coordinated by partner Giuseppe Besozzi and composed, for corporate and M&A profiles, by partner Giuseppe Besozzi, counsel Erica Lepore and trainees Arianna Bellani and Beatrice Trombi, and for labor law profiles by partner Valentina Simonelli, counsel Francesco Vitella, and trainee Pieralberto Rosini,…

articolo_desk_russia

31 May: Russia: expropriation of assets belonging to the United States of America (or related subjects) as compensation for damages suffered by the Russian Federation and the Central Bank of the Russian Federation

Russia: expropriation of assets belonging to the United States of America (or related subjects) as compensation for damages suffered by the Russian Federation and the Central Bank of the Russian Federation On May 23, 2024, the President of the Russian Federation promulgated Decree no. 442 “On the special procedure for compensation for damages suffered by the Russian Federation and the Central Bank of the Russian Federation in Russia due to hostile actions of the United States of America” (“Decree 442”). Decree 442 binds the Russian Government to establish within 4 months from the date of entry into force of the…

articolo_mergers

28 May: Zefi.ai closes a €1.6 million pre-seed investment round: the Firms involved

Zefi.ai closes a €1.6 million pre-seed investment round: the Firms involved Milan, May 28, 2024 – Zefi.ai, a company established just 9 months ago, developer of a platform that allows companies to automate the analysis of all conversations had with their customers, such as reviews, calls, questionnaires, tickets, requests to customer support, etc., in real time through artificial intelligence algorithms, has raised a €1.6 million pre-seed funding round involving major international investment funds in order to complete the technological development of its product and accelerate its commercialization at the European level. Zefi.ai’s pre-seed stands to be one of the most…

articolo_desk_russia

28 May: Russia: interim seizure of Unicredit’s assets by Russian court

Russia: interim seizure of Unicredit’s assets by Russian court An interim seizure of Unicredit’s assets was issued by the Commercial (Arbitrazh) Court of St Petersburg and the Leningrad Region during proceedings commenced by RusChemAlliance OOO (RCA). What is it about? In August 2023, RCA sued UniCredit Bank AG in front of the Commercial (Arbitrazh) Court of St Petersburg and the Leningrad Region seeking the recovery of about EUR 450 million, plus interest, under certain bank guarantees issued by UniCredit Bank AG in favour of RCA. RCA argues that, due to Russian procedural counter-sanctions, the arbitration clause contained in the guarantees,…

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27 May: Sanzioni dell’Unione Europea nei Confronti della Federazione Russa 

sanzioni dell’Unione Europea nei Confronti della Federazione Russa A seguito dell’ulteriore deterioramento dei rapporti tra la Federazione Russa e l’Ucraina, sfociato in aperto conflitto, l’Unione Europea ha adottato una serie di provvedimenti sanzionatori nei confronti della Federazione Russa che allargano e inaspriscono i divieti già in vigore dal 2014 e ne introducono di nuovi.   Alla data odierna (status juris: 27 MAGGIO 2024), l’impianto sanzionatorio adottato dall’Unione Europea nei confronti della Federazione Russa a seguito dell’aperto conflitto con l’Ucraina si articola nei seguenti atti principali normativi:   Regolamento del Consiglio UE n. 833/2014 “concernente misure restrittive in considerazione delle azioni…

articolo_desk_russia

13 May: «Nationalization» of OOO Ariston Thermo Rus

«Nationalization» of OOO Ariston Thermo Rus Lately there has been a lot of talk about the “nationalization” of the Russian subsidiary of Ariston Holding N.V., the company “Ariston Thermo Rus”. What is it about? On April 25, 2023, the President of the Russian Federation issued Decree n. 302 “On the temporary management of certain properties“. As stated in the decree itself, this act was issued “in relation to the need to adopt urgent measures to respond to the unfriendly and contrary to international law actions of the United States of America and foreign States and international organizations aimed at illegally…

Dip Comunitario

06 May: EU withdraws from the Energy Charter Treaty

EU withdraws from the Energy Charter Treaty Recently the EU Council and the EU Parliament approved the coordinated withdrawal of the European Union from the Energy Charter Treaty (ECT). The ECT was signed in December 1994 and entered into the force in April 1998. The main goal of the ECT is to provide guarantees to investors in energy sector. Based on the Definitions of the ECT (art. 1) the “energy sector” means “an economic activity concerning the exploration, extraction, refining, production, storage, land transport, transmission, distribution, trade, marketing, or sale of energy materials and products except those included in Annex…

articolo_commerciale

30 Apr: Green Oleo S.p.A. becomes a Benefit Company, the advisors: Pavia e Ansaldo and Milano Notai

Green Oleo S.p.A. becomes a Benefit Company, the advisors: Pavia e Ansaldo and Milano Notai Milan, April 30, 2024 – At its annual meeting held on last April 23, Green Oleo S.p.A., a company listed on Euronext Growth Milan, acquired the status of a Benefit Company pursuant to Law no. 208 of December 28, 2015, by amending its bylaws with the integration of common benefit within its corporate purpose, which now also reflects the nature of the company’s core business, its recent adherence to the UN Global Compact as well as a series of corporate practices and conducts – including…

articolo_bancario

29 Apr: Pavia e Ansaldo with ViViBanca Group in the acquisition of a 100% stake in I.F.I.V.E.R.

Pavia e Ansaldo with ViViBanca Group in the acquisition of a 100% stake in I.F.I.V.E.R.   Milan, April 29, 2024 – The law firm Pavia e Ansaldo, with a team composed of partner Massimiliano Elia and senior associate Rossana Tirenna, assisted the ViViBanca S.p.A. Group, a private and independent institution specialized in household credit through assignment of one-fifth of salary, personal loans and other related products, in loans to Small and Medium Enterprises, as well as in funding on the retail market, on all corporate M&A and banking aspects related to the transaction for the acquisition of 100% of the…

articolo_bancario

24 Apr: Xenon finalizes acquisition of Solana

Xenon finalizes acquisition of Solana Milan, April 24, 2024 – Gelmetti Studio Legale Associato, with a team coordinated by partner Pierfrancesco Gelmetti and composed of senior associates Gabriele Moioli and Dolores Mugherli and trainee Carlo Bertazzi assisted Xenon Private Equity, in the acquisition of 100 percent of the capital of Solana S.p.A., an agribusiness company based in the Lodi area, a leader in the harvesting, processing, transformation and marketing of tomato sauces, preserves, semi-conserves and the like, destined for the B2B channel. The transaction is aimed at creating, including through subsequent acquisitions, a center of excellence in the production of…