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American Conference Institute (ACI)

[Event] 5th Annual European Forum on Global FDI Reviews - June 11th - 12th, Ixelles, Belgium

Hosted by C5 Group, the 5th Annual European Forum on Global FDI Reviews returns for another exciting year with curated programming that provide sessions on the most pressing issues coming across your desk and strategic...more

White & Case LLP

EU Court of Justice confirms that the Intel effects-based approach applies to exclusive dealing and clarifies the narrow...

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On 19 January 2023, the EU Court of Justice, answering questions from the Italian Council of State, confirmed that the Intel effects-based approach applies also to exclusive dealing practices and held that competition...more

Orrick, Herrington & Sutcliffe LLP

Comunicazione Della Commissione Sugli Orientamenti Relativi Alla Procedura Di Vendita Alle Condizioni Migliori Di Crediti...

In data 21 ottobre 2022 è stata pubblicata la comunicazione della Commissione Europea del 21 ottobre 2022 concernente gli orientamenti relativi alla procedura di vendita alle condizioni migliori di crediti deteriorati sui...more

White & Case LLP

Italy Transposes the ECN+ Directive: Significant New Powers for the Italian Competition Authority

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Legislative Decree no. 185/2021 ("Decree"), implementing Directive no. 2019/1/EU ("ECN+ Directive") into Italian law, entered into force on December 14, 2021. The ECN+ Directive primarily aims at strengthening the powers...more

White & Case LLP

Foreign direct investment reviews 2021: Italy

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In response to the COVID-19 emergency, the screening powers of the Italian government were significantly expanded - The Italian government, led by the President of the Council of Ministries, together with any other...more

Hogan Lovells

ECN+: a Reform which Changes the Rules of the Game

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Italy has just enacted the Legislative Decree implementing the ECN Plus Directive so providing the Italian Competition Authority (ICA) with increased enforcement powers. The following sections provide a first overview of the...more

White & Case LLP

Brexit: Fresh Perspectives - Update

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The UK has left the EU but there remains a vast array of operational and legal issues for businesses to address. See below for our perspectives on the key challenges and opportunities that Brexit presents for different...more

Dechert LLP

Increased regulatory scrutiny of foreign direct investments in the healthcare sector

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Key Takeaways - - Foreign Direct Investment (FDI) controls are proliferating around the globe. Since the pandemic, “health” has become a particular focus.  - Several countries have adapted their existing FDI rules, or...more

Orrick, Herrington & Sutcliffe LLP

Orrick Finance Italy – CELF Weekly Newsletter #3

La Commissione europea ha approvato le misure adottate dall’Italia nel Decreto Liquidità ritenendole coerenti con il disposto di cui all’art. 107, par. 3, lett. b) del TFUE. ...more

Hogan Lovells

EU Commission adopts Temporary Framework for State aid to support the economy in the current COVID-19 outbreak and approves...

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The COVID-19 pandemic has hit the European economy with brute force. Many businesses are facing drastic declines in revenues and are in urgent need of liquidity. Some have imposed temporary lay-offs or even face insolvency. ...more

Jones Day

EU General Court Annuls Commission's Banca Tercas State Aid Decision

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The Situation: The EU General Court annulled the European Commission's ("Commission") decision that Fondo Interbancario's support payment to financially distressed Banca Tercas breached EU State aid rules. Fondo Interbancario...more

White & Case LLP

Restructuring across Europe – a new era?

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All three institutions of the European Union have now approved the EU Preventive Restructuring Framework Directive. This is the EU's first attempt to "harmonise" insolvency laws across the Member States, that have disparate...more

WilmerHale

EU and Germany Move to Further Tighten FDI Screening Process

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The past two weeks have seen two major developments in relation to the screening of foreign direct investment in the European Union (“EU”) for national security or public order reasons. First, on December 10, 2018, the EU...more

A&O Shearman

Governance & Securities Law Focus: Europe Edition, April 2018

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In this newsletter, we provide a snapshot of the principal European, U.S. and selected international governance and securities law developments of interest to European corporates. ...more

A&O Shearman

Foreign Investment Control: Trade Protectionism or Reasonable Control Over a Nation’s Industries?

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In China, where foreign investments used to be subject to a case-by-case evaluation, the screening process for acquisitions of local businesses by foreign investors is being simplified and becoming more industry-focused. This...more

Skadden, Arps, Slate, Meagher & Flom LLP

International Taxation in the Digital Era: The Rapidly Evolving European Perspective

Europe’s politicians worry that international tax rules have not kept pace with the digital economy and too easily allow multinationals to organize their global operations to minimize net taxable profits in high-tax European...more

Jones Day

EuroResource—Deals and Debt | December 2017

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For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments. Recent Developments - The Netherlands—On 5 September 2017, the...more

BCLP

EU & Competition Law Update – November 2017

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EU opens investigation into UK tax scheme for multinationals - The EU State aid rules are designed to stop Governments and local authorities giving companies a selective advantage, as doing so would create an unequal...more

Jones Day

European Court of Justice Upholds Use of Evidence from Noncompetition Authority

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The European Court of Justice ("CoJ") has upheld the European Commission's use of evidence transmitted by a national authority other than a Member State competition authority in a cartel investigation. The CoJ ruled on April...more

Jones Day

European Commission Sets its Sights on Allegedly Excessive Drug Prices

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In the European Union, Big Pharma has been operating with a target on its back for the best part of the last decade. Following its 2008 sector inquiry into the pharmaceutical sector, the Commission vowed to clamp down on...more

Morrison & Foerster LLP

European M+A News, Spring 2017

Germany's New Merger Control Regime - New Filing Requirements to Come - ..Introduction of an Upgraded Transaction Value Test ..New Local Nexus Test Requires Further Advance Analysis Germany is about to enact a revised...more

K&L Gates LLP

Italy to Implement EU Directive on Damages for Breaches of Competition Law

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On 27 October 2016, the Italian Government adopted a draft decree (“Draft Decree”) implementing Directive 2014/104/EU on antitrust damages actions (“Directive”), which aimed at making easier for victims of antitrust...more

Morgan Lewis

2016 Mid-Year Global Cartel Enforcement Report

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Cartel enforcement activity promises to remain busy In the coming months and into 2017 Cartel enforcement remains a priority for competition authorities around the world. Global cartel fines totaled more than $6...more

K&L Gates LLP

Italian TV Services Case Brings Welcome Clarity on the Legality of Information Exchanges among Competitors

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The Italian Administrative Tribunal of Lazio Region (the “TAR”) recently overturned the fines imposed by the Italian Competition Authority (“ICA”) against a number of post-production TV companies and a trade association for...more

Latham & Watkins LLP

Private equity in Italy: market and regulatory overview

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How do private equity funds typically obtain their funding? Private equity funds continued to have a diverse investor base in 2015. Although with a significant decrease from the 2014 figure of 68%, about 48% of the...more

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