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European leveraged finance: A whole new world

European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024. -Rising interest...more

European Real Estate Finance: Market Update – Q2 2023

The past six months have seen difficult economic times in much of Europe, with governments and central banks seeking to respond to both the increases in costs of living and the need to curb inflation. Notwithstanding the...more

Opportunities for Italian companies: the SupportItalia SACE Guarantee and the simplified access to SACE Guarantee

The recent conflict in Ukraine is affecting the entire global economy and causing severe consequences for many Italian companies. To address the current scenario, the Italian legislators introduced: (i) a specific first...more

Italy – New Listing Rules

Borsa Italiana has released a new regulation, effective October 3, 2022, that simplifies the Euronext listing admission process. Consistent with the listing rules of EU peer securities exchanges, the issuer and the...more

Entry into force of Italy’s Annual Law for Competition (Legge annuale per il mercato e la concorrenza 2021) Brings Far-Reaching...

On 27 August 2022, the 2021 Annual Law for Competition (Law No. 118 of 5 August 2022) will enter into force. The final law reflects the key provisions of the draft law issued by the Government on 4 November...more

Italy - New offering rules allow the use of an English language prospectus and shorten Consob’s review period

The Italian Securities Commission (Consob) has enacted rules that allow the use of an English language prospectus for IPOs and rights issues in Italy and shorten the prospectus review period. On August 1st, Consob...more

At a crossroads: Europe’s auto sector borrowers face change and the effects of events in Ukraine

Vehicle sales rebounded strongly following lockdowns, but Europe’s automotive companies confront a period of significant change as governments phase out combustion engines, supply chain constraints bite and the impacts of...more

Italy – New proposed IPO rules: English language prospectus and shorter timetable

Consob initiated a public consultation concerning important new IPO rules aimed at simplifying and shortening the prospectus approval process and to reduce listing costs, which would bring Italian practice closer in line with...more

State of the art of the Italian liquidity measures - Keeping Italian Companies Alive?

Since March 2020, the Italian Government has enacted a package of measures designed to help Italian businesses survive the dramatic effects of the coronavirus ("COVID-19") pandemic. The measures include guarantee schemes from...more

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