During the COVID-19 outbreak the Italian Government expanded its power to veto or impose conditions on transactions involving Italian targets operating in certain sectors (so-called “Golden Power”).

The Covid-19 outbreak is having a substantial impact on all phases of M&A deals (from the due diligence to signing and closing, from the purchase price mechanism to the contractual remedies): few tips and suggestions.

L'articolo a firma di Claudia Morelli è stato pubblicato in data 18/11/2019 sul sito di Altalex

Articolo redatto in collaborazione con Enrico Granata, partner di Morrison & Foerster Introduzione La dinamicità degli investimenti e l’expertise raggiunta in settori nuovi ha reso gli Stati Uniti, soprattutto negli ultimi anni, un mercato attraente per imprenditori italiani intenzionati a lanciare una start up o a espandere il proprio business al di fuori del mercato…

Recently increasing attention has focused on the importance of gender diversity in relation to women’s legibility in the work places. In this respect, Italian legislator has made a step forward by issuing a law on diverse composition of companies’ management. This spring 2013 more than 70 listed Italian companies will renew their board composition and…

Introduction In 2012 the $21 billion Kinder Morgan bid for El Paso was challenged before the Delaware Court of Chancery due to alleged breach of fiduciary duties by both advisers and company executives. A billion-dollar deal, a chief executive officer with underlying motives and conflicted investment banks are the perfect elements of a modern play…

A Q&A guide to corporate governance law in Italy. The Q&A gives a high level overview of board composition, the comply or explain approach, management rules and authority, directors’ duties and liabilities, transactions with directors and conflicts, company meetings, internal controls, accounts and audit, institutional investors and reform proposals. Contents Corporate entities Legal framework Board…

All’interno della struttura societaria, l’organo amministrativo ha la responsabilità delle scelte manageriali che riguardano la gestione ordinaria e straordinaria della società. Le decisioni degli amministratori toccano costantemente settori sensibili del business della società ed incidono significativamente sui risultati conseguiti...

Representations and warranties under Italian law Legal remedies for infringement Safeguards to add and mistakes to avoid Court ruling on consequences of infringement Comment Representations and warranties under Italian law Representations and warranties have been imported into Italian M&A law from US practice and are now one of the main aspects of almost any deal…

The road to a successful acquisition holds a wide variety of challenges for both acquirer and target. A common area of concern arises from the unavailability of private information, which may lead the parties to assess the target’s intrinsic value very differently. Bridging the gap between different estimates of the target’s value is a fundamental…