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The position of banks and customers Massimiliano Elia Diritto ed Economia dell’impresa The paper analyzes the trading of O.T.C. derivatives, from the point of view of both banks and customers. Within this context, Massimiliano Elia refers to the most recent case law on the subject, with particular reference to the definition of mark to market. DOWNLOAD
Pavia e Ansaldo with Primonial in the acquisition of an important private clinic in central Italy Milan, 22 October 2021 – Pavia e Ansaldo Law firm assisted Primonial Luxembourg Real Estate S.A. on behalf of the Primonial Italian Healthcare Fund in the acquisition of an important private clinic in central Italy. Pavia e Ansaldo acted with a team coordinated by the Partner Fiorenza Resta and made up of the Counsel Kathleen Bucci and the Associate Alessia Tonini, in all real estate and contractual aspects of the transaction of sale and lease back to a company of the seller’s…
Pavia e Ansaldo with Vos’hod for Armani/Casa Moscow Residences Milan, 19 October, 2021 – Pavia e Ansaldo assisted the company Vos’hod, well-known Russian real estate developer, in the creation of a partnership with Giorgio Armani for the execution of the real estate Project ‘Armani/Casa Moscow Residences’, first project to be performed in partnership with the prestigious Italian luxury Brand in the Russian Federation. The real estate complex will rise in one of the most iconic area of the Russian capital, nearby State Art Gallery Tretyakov. The Project will imply the development of an area of 9,6 thousand square meters and an investment of approximately 66…
All the Firms involved in the closing of the transaction for the investment in the Itelyum Group Milan, 7 October, 2021 – The closing of the transaction for the investment by Stirling Capital Partners’ fourth fund in partnership with the German fund DBAG has taken place. This investment is inserted in the wider context of the agreements for the acquisition of shares from Stirling Square Capital Partners’ third fund, assisted, together with the other vendors, by Pavia e Ansaldo with the partners Stefano Bianchi and Paola Carlotti with the associates Giovanni Gila and Riccardo Robuschi as well. The…
Pavia e Ansaldo and Spada Partners with TMCI Padovan in the acquisition of SAP Italia Milan, 4 October, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by the partner Alberto Bianco and formed by Erica Lepore, Biancamaria Veronese and Andrea Romanò assisted TMCI Padovan S.p.A. – a leading company in the manufacture and marketing of systems for the production of wine, margarine, soft drinks and beer, controlled by Synergo Capital through the fund Sinergia II – in the signing of a binding agreement, with the Radice Family, aiming at acquiring 100% of the corporate capital of SAP…
Pavia e Ansaldo opens in Turin with Massimiliano Elia Turin, 04 October, 2021 – The expansion process of the Law Firm Pavia e Ansaldo continues with the opening of the new office in Turin located at no. 18 of Corso Luigi Einaudi. It will be the lawyer Massimiliano Elia, entering the firm as Of Counsel, who will operate in the new office in Turin. The junior associates Rossana Tirenna and Allegra Ovazza will enter the new office in Turin as well. The Law Firm decided to continue developing the activities in a region as Piedmont which counts…
Pavia e Ansaldo and Chiomenti in the transfer of the Frautech branch of business Milan, 9 September, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by the partner Alberto Bianco and formed by Erica Lepore, Biancamaria Veronese and, for labour aspects of the transaction, Francesco Vitella and Giulia Duso, furnished legal assistance in favour of the company Michelangelo Pietribiasi S.r.l. in the acquisition, from the Austrian group Andritz, of the branch of business branded “Frautech” regarding the manufacturing and marketing of separators and systems for the food industry. With this transaction – managed by the advisory…
Itago enters Operamed: the firms Milan, 6 September, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by the partner Alberto Bianco and formed by Martina Bosi, Erica Lepore, Andrea Romanò and Biancamaria Veronese, assisted the fund Itago IV in relation to all corporate M&A and banking aspects regarding the transaction for the acquisition, through a leveraged buyout, of the shareholding for the control of Operamed S.r.l., a leading company in the Italian and international market, active in the design and installation of outdoor and indoor modular solutions in the sanitary sector. In particular, Operamed designs, furnishes and…
Distribution Law Center Filippo Fioretti, Maria Rosaria Raspanti e Nicolò Cagnato contributors of Distribution Law Center. The Distribution Law Center is a new platform for lawyers, practitioners and students looking for essential information on distribution law. The Distribution Law Center is driven by contrast, and supported by specialized contributors from all over the EU and from the UK.
The firms in the transaction for the investment in Itelyum Group Milan, 23 August, 2021 – The fourth fund of Stirling Square Capital Partners assisted by Chiomenti, announced its next investment, in partnership with the German fund DBAG, assisted by Gattai, Minoli, Partners, in Itelyum Group. The investment is included in the wider context of the agreements for the acquisition of shares from the third fund of Stirling Square Capital Partners, assisted, with the other sellers, by Pavia e Ansaldo. Chiomenti furnished assistance with a multi-disciplinary team led by the partner Franco Agopyan with the senior associate Giovanni Colantuono…
Breach of the shareholders’ agreement: which jurisdiction applies when a company is based abroad? IBA Corporate Counsel Forum Wednesday 18 August 2021 Maurizio Vasciminni Pavia e Ansaldo Studio Legale, Rome maurizio.vasciminni@pavia-ansaldo.it Silvia Bisceglia Pavia e Ansaldo Studio Legale, Rome Silvia.bisceglia@pavia-ansaldo.it Giovanni Gigliotti Pavia e Ansaldo Studio Legale, Rome giovanni.gigliotti@pavia-ansaldo.it Breach of the shareholders’ agreement: which jurisdiction applies when a company is based abroad? According to a recent judgment of the Italian Corte di Cassazione,[1] a dispute arising from a breach of the shareholders’ agreement by an Italian shareholder is subject to Italian jurisdiction even when the registered office of the company…
Not a ‘family’ business: enterprise or professional debts cannot be paid by the patrimonial fund constituted for the needs of the family IBA Litigation Committee Wednesday 4 August 2021 Maurizio Vasciminni Giada Russo Giovanni Gigliotti The matter of asset protection is growing in importance, especially for massive assets, since the Italian 2017 Budget Law introduced the so-called ‘flat tax’. The flat tax regime allows non-Italian resident high net worth individuals to transfer their tax residence to Italy to elect for a flat substitutive tax. The transfer of residence required for the application of the flat-tax regime has…
Dea Capital enters OMB Saleri: the firms Milan, 31 July, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by partners Alberto Bianco and Giuseppe Alessandro Galeano, furnished legal and tax assistance in favour of the fund Sviluppo Sostenibile, managed by Dea Capital Alternative Funds, in the transaction for the acquisition, mainly through a capital increase, of a minority shareholding in OMB Saleri S.p.A., a company in Brescia owned by the Saleri Family producing and marketing security valves for domestic use of gas and high pressure valves. With approximately 45 millions euro turnover in 2020, mainly abroad,…
Pavia e Ansaldo with the Threestones Fund for the acquisition of the eighth residence in Spain Barcelona, 29 July, 2021 – Law firm Pavia e Ansaldo, with a team composed by the partner responsible for the Barcelona office, Meritxell Roca Ortega, and by the associates Javier Vicente García and Alessandro Tenchini, assisted the Luxembourg investment fund TSC Fund Eurocare Real Estate, managed by Threestones Capital Management S.A., in the acquisition of the residence for the elderly “Residència Geriàtrica Congost” (Figaró-Montmany, Barcelona), with which it enlarged to eight assets its portfolio of residential centres for the elderly in Spain. Threestones…
Quadrivio, with the fund Industry 4.0, invests in Texbond: all the law firms Milan, 16 July, 2021 – Industry 4.0, the private equity fund of Quadrivio Group investing in technological innovation and digital transition of SMEs, has acquired from the H.I.G. Capital fund the majority of the corporate capital of Texbond, a company in Rovereto manufacturing and marketing a non-woven fabric used in the hygienic sector, constructions and more widely in industrial contexts. The H.I.G. Capital fund and some minority shareholders have been assisted, in the whole sale process, by law firm Pavia e Ansaldo, with a team coordinated…
Pavia e Ansaldo with Ethica Global in the entry in Niccons Italy Milan, 16 July, 2021 – Law Firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and formed by Martina Bosi, Andrea Romanò and Biancamaria Veronese, assisted the holding company Ethica Global Investments S.p.A. in relation to all corporate, M&A and banking aspects regarding the acquisition, through the portfolio company GIA S.p.A., the company leader in the segment of patented accessories for the hydrothermic-sanitary sector, of a majority shareholding in Niccons Italy S.r.l., a company located in Vicenza active in the production of technical accessories for…
Pavia e Ansaldo and Linklaters in the bond by Relife worth 265 millions Milano, 9 luglio 2021 – Pavia e Ansaldo assisted ReLife S.p.A. – leader in the circular economy, active in the sector of collection, selection and valorisation of recoverable materials and in the production of cardboard from recycled paper, partly owned by Xenon Private Equity and managed by the founding partners Stefano Calabrò and Franco Prestigiacomo – in a bond emission for a total amount of 265 million euro aiming, inter alia, at formalizing the acquisitions of the groups Plastipoliver and Genaral Packaging, with no prejudice for…
Pavia e Ansaldo and Spada Partners with Plixxent Group in the acquisition of Tagos Milan, 6 July, 2021 – Law firm Pavia e Ansaldo, with a team led by partner Alberto Bianco and composed by Giulio Nobile, Erica Lepore, Biancamaria Veronese and Andrea Romanò, assisted the German company Plixxent Holding GmbH, head of a leading group in Europe in the production of polyurethane systems, in all corporate and M&A aspects regarding the acquisition of the total shareholding in Tagos S.r.l. Italian system house specializing in the production of liquid systems with two components destined to the production of poliurethane,…
Pavia e Ansaldo with Allied International in the acquisition of Mandelli Sistemi Milan, 6 July, 2021 – The Allied International group – among the world leaders in the manufacturing, distribution and stocking of buttwelding, flanges, fittings, piping, wide radius curves and special products for the Oil&Gas sector – acquired the enterprise of Mandelli Sistemi S.p.A., an historical brand of Italian mechatronics, with nearly a hundred years tradition in aerospace, energy and precision mechanics sectors. Allied International was assisted, as for legal aspects, by Pavia e Ansaldo, with a team composed by partners Roberto Zanchi and Carlo Trucco, for…
The Observatory of criminal lawyers of multi-practice firms is born Milan, 5 July, 2021 – The Law firms BonelliErede, Dentons, DLA Piper, LCA, Orrick, Pavia e Ansaldo and RP Legal & Tax have created the Observatory of Criminal Lawyers of Multi-practice Firms in Italy. The Observatory was established last 7 June after a year of stimulating discussion and planning among the founding partners: Francesco Sbisà from BonelliErede; Matteo Vizzardi from Dentons; Antonio Carino and Raffaella Quintana from DLA Piper; Matteo Uslenghi from LCA; Jean Paule Castagno from Orrick; Paola De Pascalis from Pavia e Ansaldo; Piero Magri and Alessandro…
Pavia e Ansaldo with Asahi Intecc in the acquisition of Kardia S.r.l. Milan, 2 July, 2021 – Asahi Intecc Co., Ltd in Aichi (Japan), a company listed in the first section of Tokyo’s stock exchange and world leader in the research, development and production of medical devices with very high technological value, acquired the absolute majority of the shares of Kardia Srl a company in Milan, already its distributor in Italy for many years, with agreements for the acquisition, within the next 5 years, of the residual shareholding still owned by the two Italian partners. Pavia e Ansaldo…
Dea Capital invests in the Zephyr Group: the firms Milan, 28 June 2021 – Law firm Pavia e Ansaldo furnished legal and tax assistance to Dea Capital Alternative Funds in the first transaction for the acquisition of a majority shareholding in Zephyr Group by the fund “Sviluppo Sostenibile”. Zephyr was founded in 1974 in La Spezia, and it is one of the main European companies active in the distribution of spare parts for merchant ship engines and slow ferries, as well as for engines for electricity power plants. In 2018, thanks to the acquisition of the Spanish competitor…
Pavia e Ansaldo with HIG Europe and Cadicagroup in the acquisition of Etichetta 2000 Milan, 10 June, 2021 – Law firm Pavia e Ansaldo, with a team coordinated by the partner Alberto Bianco and composed by Erica Lepore, Andrea Romanò and Giulio Nobile, assisted, for all corporate M&A aspects, Cadicagroup S.r.l., a portfolio company of the fund HIG Europe specializing in the supply of accessories such as labels, tags, details for embellishment and packaging for the main clothing brands active in the premium and absolute luxury segments; the transaction implied the acquisition of a majority shareholding in the corporate…
The new Italian class action legislation On May 19, 2021 the new Italian class actions legislation, originally introduced by Law no. 31/2019 at articles 840-bis et seq. of the Italian Code of Civil Procedure, came into force after a 13-month postponement due to the Covid-19 pandemic. The new legislation will only apply to facts happened after its entry into force; its most relevant features can be summarized as follows: the so-called ‘compensatory class action’ aims to seek compensation (or restitution) from business entities or public services providers for damages that their conduct caused to the class members. In further detail,…
All the advisors for the acquisition of Pejo and Goccia di Carnia mineral waters Milan, 31 May, 2021 – Indigo Capital and a club deal of investors organized by Orienta Capital Partners has acquired Cristallina, the holding controlling mineral waters Pejo and Goccia di Carnia, participated, inter alia, by AVM Gestioni sgr (through the fund Talent EuVECA), G.B.PAR (the holding of the Borromeo family) and Banca IFIS. Gitti and Partners assisted Indigo Capital and the club deal, while the vendors were assisted by LCA law firm. The financing entity of the transaction was the bank Oldenburgische Landesbank,…
New appointments in Pavia e Ansaldo: Kathleen Bucci, Gerardo Mascolo and Laura Cavarretta promoted as Counsels Milan, 28 May, 2021 – Law firm Pavia e Ansaldo announces the promotion of Senior Associates Kathleen Bucci, Gerardo Mascolo and Laura Cavarretta as Counsels operating within the Roman office of the Firm. The lawyer Kathleen Bucci, carrying out her activity in the Real Estate Department, has acquired a consolidated experience in real estate transactions, in particular, in acquisitions and disposals of buildings/portfolios, assisting Italian and foreign investors both private and institutional, on all the types of real estate investments. The lawyer…
Pavia e Ansaldo with Alpi Group for the acquisition of Red Line Logistics Service Milan, 28 May 2021 – Law firm Pavia e Ansaldo, with a team composed by partner Meritxell Roca Ortega and by senior associate Chiara Scarpelli assisted ALBINI & PITIGLIANI GROUP in the acquisition of the entire corporate capital of RED LINE LOGISTICS SERVICE GMBH, a German company dedicated to the shipping industry mediating in shipping, transport and storage operations. ALPI Group has been active for more than 70 years in this sector, with an International presence and a network counting on more than 70 offices…
Russia: Business activity on the Internet network curried out by foreign operators On May 21, 2021, the draft federal law No. 1176731-7 “On the performance by foreign subjects of the activity in “Internet” network on the territory of the Russian Federation” was filed to the State Duma (the lower house of the Federal Assembly of the Russian Federation). Under the above draft law a foreign person carries out the activity on Internet on the territory of the Russian Federation when that person is the owner of an Internet site and/or a web page and/or an information system and/or a program…
Pavia e Ansaldo with Antirion SGR in the lease of the Tanka Village to Voihotels Milan, 25 May, 2021 – Law firm Pavia e Ansaldo assisted Antirion SGR S.p.A., managing company of the Fund Antirion Global – Comparto Hotel, in the complex transaction for the lease of the well-known touristic village Tanka in Villasimius (CA) to Voihotels S.p.A., one of the main players of the hotellerie sector in Italy. The firm acted with a team coordinated by the partner Fiorenza Resta and composed by the counsel Kathleen Bucci and the associate Alessia Tonini for real estate aspects, and…
Pavia e Ansaldo with Project Informatica in the acquisition of SCM and Techlit Milan, 25 May 2021 – Law firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and composed of Martina Bosi, Biancamaria Veronese and Giulio Nobile, assisted Project Informatica S.r.l., a company controlled by HIG Europe Fund, in the acquisition of Techlit S.r.l. and in the concurrent acquisition of S.C.M. S.r.l. The companies operate through customized services in the designing, installation and maintenance of audio, video and videoconference systems, with high-standing clients active in various industries. The entry of Techlit and SCM in the…
Russia: Exclusive jurisdiction of the Russian economic court in case of sanctioned persons About a year ago, on 8 June 2020 with Federal Law no. 171, two new articles of the Civil Procedure Code (APK) established the exclusive jurisdiction of the Russian economic courts on disputes with the participation of subjects against whom restrictive measures have been introduced by foreign states and / or public bodies of foreign states. According above mentioned amendments, the Russian economic court has exclusive jurisdiction (i) on disputes with the participation of the sanctioned subjects, as well as (ii) on disputes arose from the…
La Banca di Russia stabilisce i requisiti delle attività finanziarie digitali riservate ad investitori qualificati a partire dal 1° gennaio 2021 In esecuzione di quanto previsto dalla legge federale n. 259-FZ del 31 luglio 2020 “Sulle attività finanziarie digitali e le valute digitali”, la Banca Centrale della Federazione Russa ha emesso l’Ordine n. 5635-Y del 25 novembre 2020 con cui, tra l’altro, ha stabilito i casi in cui le attività finanziarie digitali sono riservate agli investitori qualificati nonché i limiti per l’accesso a tali strumenti da parte delle persone fisiche. Ai sensi del provvedimento in parola, sono riservate agli…
Pavia e Ansaldo reinforces its Corporate M&A and Energy departments: Carlo Emanuele Rossi enters the firm as partner with his team Milan, 13 May, 2021 – Pavia e Ansaldo announces the entry of Carlo Emanuele Rossi who will join, as partner, the Corporate M&A Department, along with a team composed by associates Viola Bardi and Pietro Miazzi. Carlo Emanuele Rossi can count on thirty years’ experience in corporate M&A transactions, with a specific focus on the energy sector. Through the years, he assisted prime national and international clients, acquiring a specific competence in antitrust matters. Moreover, Carlo can count…
Pavia e Ansaldo with Project Informatica in the acquisition of Centro Computer Milan, 12 May 2021 – Law firm Pavia e Ansaldo, with a team coordinated by partner Alberto Bianco and composed of Erica Lepore, Andrea Romanò and Giulio Nobile, for corporate, M&A and banking aspects, and by partner Valentina Simonelli supported by Rosie Schifino, for labour law aspects, assisted Project Informatica S.r.l., a company controlled by HIG Europe fund, in the acquisition of the entire shareholding of the corporate capital of Centro Computer S.p.A.. Tax and financial aspects of the transaction were managed by PwC on behalf of the…
Pavia e Ansaldo and Osborne Clarke in the entry of Neva First (Intesa Sanpaolo Group) in Xnext Ⓡ Milan, 12 May 2021 – XnextⓇ, the innovative Italian medium-sized enterprise, leader in the X-ray multi-energy inspection systems for live quality controls in industrial processes, finalized the entry in its share capital – by means of a capital increase of 5 million euro – of Neva First fund, managed by Neva SGR, which is Intesa Sanpaolo Group’s venture capital, entirely controlled by Intesa Sanpaolo Innovation Center, a company of the Group dedicated to innovation. The fund’s investment aims at the commercial…
Russia: Simplification of the procedure for obtaining a residence permit for foreign investors On April 27, 2021, the draft law “On amendments to the Federal Law “On the legal status of foreign citizens in the Russian Federation” aimed at simplifying the procedure of obtaining residence permits for foreign investors was filed to the State Duma (the lower house of the Federal Assembly of the Russian Federation). The above mentioned draft law was drawn up in execution of the Russian Federation’s migration policy plan for the period from 2019 to 2025 and is aimed at creating additional favourable conditions for…
Pavia e Ansaldo: Marco Giustiniani takes the lead of the Administrative Law Department Milan, 5 May, 2021 – Law firm Pavia e Ansaldo communicates that Marco Giustiniani has been nominated Head of the Administrative Law and Environmental and Safety Law Departments. Marco Giustiniani has been a Partner of the Firm since 2015 and has teaching contracts in public tenders subjects at the “Politecnico” of Milan, “L.U.M.S.A.” of Rome and Innsbruck Universities. A winner of a number of professional awards in the sectors of administrative law and litigation, Marco Giustiniani assists Italian and foreign clients, both public and private…
The advisors in Permobil’s acquisition of Rehateam and Progeo Milan, 27 April, 2021 – Permobil AB of Timrå, Sweden, has signed an agreement for the acquisition of the shares in Rehateam S.r.l. and Progeo S.r.l. of Treviso, Italy with these companies’ shareholders. Permobil, which is held by Investor AB, is a global leader in advanced medical technology focusing on wheelchairs and mobility solutions. Rehateam and Progeo are developing, producing and distributing manual wheelchairs worldwide. The transaction is expected to close in June, subject to regulatory approvals.The parties have chosen not to disclose the terms of the transaction. Permobil was…
First Japanese law textbook in Italian Together with other Italian and Japanese academics, PeA’s Of Counsel Michela Riminucci has recently co-authored the first comprehensive textbook on Japanese law written in Italian, published in 2021 by Giappichelli, a renowned legal publisher in Italy. For more information and an excerpt, please visit this page Link Web
The applicability of the Italian Business Judgement Rule to directors’ organisational choices IBA Corporate and M&A Law Committee 26 April 2021 Maurizio Vasciminni Giada Russo Giovanni Gigliotti The ‘adequacy of the organisational structure’ duty under the Italian Civil Code According to Article 2086 of the Italian Civil Code, the enterpriser operating as a company (or as a group) must set up an organisational, administrative and accounting structure adequate to the nature and size of the enterprise. Such adequate organisational structure must also be set up in order to detect – in a timely fashion – a crisis at…
Compliance – UIF: Segnalazioni di Operazioni Sospette L’Unità di Informazione Finanziaria per l’Italia (UIF) il 31 marzo 2021 ha presentato le statistiche risultanti dall’acquisizione complessiva del novero delle segnalazioni di operazioni sospette (SOS) recepite nel secondo semestre (luglio-dicembre) dell’anno 2020. Stante l’analisi statistica delle SOS trasmesse dai soggetti obbligati alla comunicazione degli indici sintomatici di possibili operatività di riciclaggio di denaro e di finanziamento del terrorismo, il Financial Intelligence Unit italiano ha stimato un incremento del 10,3% dell’ammontare ricettivo delle segnalazioni rispetto a quanto registrato nel secondo semestre dell’anno 2019. Le 60.220 SOS pervenute nella seconda cadenza semestrale…
Pavia e Ansaldo with S.T. Corporation of Tokyo in the transfer of the controlled Zeta S.r.l. to Rega Holding Milan, 30 March, 2021 – The Japan Desk of Law firm Pavia e Ansaldo assisted S.T. Corporation, a company listed in the first section of the Tokyo Stock Exchange, specializing in the production and sale of deodorants, dehumidifiers and other products for home and personal care, in the sale of the Italian controlled company Zeta S.r.l. to Rega Holding S.r.l. and to Mr. Roberto Di Palma, assisted by Mr. Gabriele Grasso and Mr. Mauro Ferrara of the firm One Partner of…
Dal 1° gennaio 2021 in vigore le prime norme sulla criptovaluta in Russia La legge federale n. 259-FZ del 31 luglio 2020 “Sulle attività finanziarie digitali e le valute digitali” costituisce il primo tentativo di disciplinare normativamente il fenomeno della criptovalute in Russia ed è entrata formalmente in vigore all’inizio del 2021. Secondo le definizioni legislative, per “attività finanziarie digitali” devono intendersi taluni diritti digitali aventi ad oggetto pretese creditorie, diritti derivanti da titoli di credito o da partecipazioni al capitale di società per azioni non pubbliche. L’emissione e la circolazione delle suddette attività sono subordinate alla preventiva…
D. Lgs. 231/2001: Gruppi societari e responsabilità amministrativa 12 marzo 2021 – Ad oggi Il mercato globale dell’imprenditoria italiana ed estera, secondo i dati Istat, sembra propendere verso una struttura organizzativa che permetta una dilatazione dell’operatività aziendale tra più soggetti societari al fine di garantire ed implementare una capillarizzazione del controllo e della conoscenza di ogni attività confacente la realtà di appartenenza. L’ormai anacronistica “singola grande impresa” lascia spazio ad una sua variante “Il Gruppo”, ossia un’aggregazione di società operanti sotto la direzione unificante di una capogruppo (holding) la quale persegue il soddisfacimento e consolidamento di un interesse collettivo (comune…
Threestones crece en tercera edad con su séptima residencia
Pavia e Ansaldo with the Threestones Fund for the acquisition of the seventh residence in Spain Barcelona, 8 March, 2021 – Law firm Pavia e Ansaldo, with a team composed by partner responsible for the Barcelona office, Meritxell Roca Ortega, and by associate Alessandro Tenchini, advised the Luxembourg investment fund TSC Fund Eurocare Real Estate, managed by Threestones Capital Management S.A., in the acquisition of the residence for the elderly “El Fontán” (Oviedo), thus reaching the number of seven care homes in Spain in its portfolio. Threestones Capital Management S.A. is an SGR specializing in the Real Estate industry…
Brexit e trasferimento dati verso il Regno Unito: via libera al processo per le decisioni di adeguatezza 2 marzo 2021 – Facendo seguito alla nostra precedente nota informativa del 15 gennaio 2021 in merito alle conseguenze della Brexit in ambito privacy, si rende noto che la Commissione Europea ha avviato il processo per l’adozione di decisioni di adeguatezza a favore del Regno Unito (Data protection: European Commission launches process on personal data flows to UK). In particolare l’art. 45 del GDPR prevede che il trasferimento di dati personali verso un paese terzo è ammesso se la Commissione Europea ha deciso…
Sostenibilità ed etica nel settore della moda La moda sostenibile ha come scopo quello di eliminare le conseguenze negative che impattano sull’ambiente mediante lo sviluppo di pratiche ecologiche per l’industria della moda. Non sempre, però, questo si traduce in comportamento etico I concetti di etica e sostenibilità sono sempre più sentiti nel settore della moda. Qual è però il loro significato? Rappresentano due concetti diversi, opposti? Non è facile dare una risposta a tali questioni. L’industria della moda può essere alle volte etica ma non sostenibile, e viceversa. Ad esempio, possiamo tutti condividere che la lotta contro la fame nel mondo…
ePrivacy flash news: partono i negoziati per la definizione del nuovo regolamento ePrivacy 23 febbraio 2021 – Il 10 febbraio 2021 gli Stati membri dell’UE hanno concordato un mandato negoziale per la revisione delle norme sulla protezione della privacy e della riservatezza nell’uso dei servizi di comunicazione elettronica. Secondo quanto riferisce il Consiglio UE nel comunicato ufficiale del 10 febbraio 2021, l’accordo sul mandato negoziale permetterà all’attuale presidenza portoghese di avviare i colloqui con il Parlamento Europeo sul testo finale del regolamento ePrivacy, che nasce dall’esigenza di bilanciare il diritto alla protezione della privacy con le sfide dello sviluppo tecnologico proprie…
ARBITRATION AND CONSORTIA The recent publication of two rulings issued by different national courts of first instance (Court of Civitavecchia, decision No. 2 of 7 January 2021; and Court of Brindisi, decision No. 22 of 5 January 2021) offers the opportunity to examine the ‘state of the art’ regarding the applicability of the corporate arbitration law to consortia (consorzi). Bearing in mind that art. 34, legislative decree No. 5 of 17 January 2003 indicates in the ‘companies’ the entities which are governed by the corporate arbitration law, the following question then arises: does the scope of application of the…