As part of a series of recent FDI reviews, the Italian government has determined that the grant of a pledge over shares of Italian companies in strategic sectors triggers the filing requirement under the Italian FDI regime,...more
The Italian legislators and CONSOB enacted new measures, as part of a general attempt to modernize the market infrastructure.
The new rules relate to, inter alia, the following:
The issuance of unlisted debt...more
The Italian legislature enacted new measures , effective from March 27, 2024, to attract new investors to the Italian capital markets and rationalize corporate governance dynamics (the "Capital Markets Law")....more
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
As the season for shareholders' annual general meetings is fast approaching, we are sharing suggestions that we believe provide strategic flexibility and reflect best practices in corporate governance. ...more
CONSOB approved regulatory changes to adapt the Italian second-level regulation to the Shareholder Rights Directive II.
The key regulatory changes concern:
- Remuneration Reporting,
- Related-Party...more
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
On July 16, 2020, the Italian Government enacted Law Decree No. 76/2020 introducing permanent and temporary measures aimed at simplifying rights issues and accelerating the approval of certain equity transactions....more
7/27/2020
/ Board of Directors ,
Capital Requirements ,
Coronavirus/COVID-19 ,
Italy ,
Pre-emptive Rights ,
Private Investment in Public Equity (PIPEs) ,
Relief Measures ,
Right of First Refusal ,
Rights Offering ,
Shareholder Rights ,
Shareholders ,
Temporary Regulations
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
6/17/2020
/ AMF ,
BaFin ,
Capital Markets ,
CONSOB ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Instruments ,
Financial Markets ,
Financial Markets Authority (FMA) ,
Financial Regulatory Reform ,
FSMA ,
Short Selling
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
5/28/2020
/ Austria ,
Belgium ,
Disclosure Requirements ,
EU ,
European Securities and Markets Authority (ESMA) ,
Federal Bans ,
Financial Markets ,
France ,
Germany ,
Greece ,
Investors ,
Italy ,
Restricted Transactions ,
Short Selling ,
Spain ,
Stock Exchange ,
UK
A number of regulators across the globe have responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Other regulators (including the UK) say that there is no evidence to...more
4/20/2020
/ Austria ,
Belgium ,
Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
France ,
Germany ,
Greece ,
Investors ,
Italy ,
Market Conditions ,
Short Sales ,
Spain ,
Stock Exchange ,
Trade Restrictions ,
UK
As the season for shareholders' annual general meetings is fast approaching, we are sharing with our clients and friends some suggestions that we believe provide strategic flexibility and reflect best practices in corporate...more
3/10/2020
/ Annual Meeting ,
Board of Directors ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Social Responsibility ,
Diversity ,
Environmental Social & Governance (ESG) ,
Italy ,
Publicly-Traded Companies ,
Remuneration ,
Shareholders ,
Sustainability
Listed companies that renew their corporate bodies starting from 2020 will have to increase from 1/3rd to at least 2/5th the quota of members of the board of directors and of effective members of their board of statutory...more
The season for shareholders' annual general meetings is fast approaching, and we would like to take this opportunity to provide our clients and friends with some suggestions that we believe provide strategic flexibility and...more
3/8/2019
/ Annual Meeting ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Diversity ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Internal Controls ,
Italy ,
Minority Shareholders ,
Publicly-Traded Companies ,
Share Buybacks ,
Shareholder Meetings ,
Shareholders