Giuseppe Scassellati-Sforzolini is a partner at Cleary Gottlieb Steen & Hamilton LLP, based in the Rome office. He is active in public and private M&A, financial services regulation, EU state aid law, enforcement and litigation matters. Giuseppe started our Italian corporate practice in the early 90’s. Since then, he has worked on numerous privatizations through equity offers and auctions, debt exchange offers by sovereign issuers, takeover bids, negotiated acquisitions, restructurings, divestitures, joint ventures and private equity investments, particularly in regulated sectors such as financial services, energy, media, telecoms and airlines. He advises on EU state aid law and financial services regulation. He is also active in enforcement and private investigation matters, litigations and arbitrations. Giuseppe joined the firm in January 1988 and became a partner in 1996. He was initially resident in our Brussels office, until transferred to Rome in July 1998 to open our first Italian office.
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On December 30, 2021, the Italian Government extended until the end of 2022 Italy’s emergency foreign direct investments (“FDI”) regime, which enables it to review also acquisitions of controlling stakes by European Economic Area (“EEA”) investors, as well as certain minority investments by non-EEA (...)
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The European Commission (“EC”) recently published its first annual report on the new European cooperation mechanism regarding the screening of foreign direct investment (“FDI”) into the EU (the “Report”). The Report shows that four out of every five FDI filings screened at the EU level were quickly (...)
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On March 2, 2021, in dismissing the appeal brought by the European Commission against the judgment of the EU General Court in the Tercas case, the EU Court of Justice issued a landmark ruling on the standard of proof for the imputability to the State of support measures granted by private (...)
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On June 17, 2020, in response to calls from the European Council and certain Member States, the European Commission published a White Paper setting out its proposals for a comprehensive set of new tools to tackle the potentially competition-distorting effects of foreign subsidies on the level (...)
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In a March 25, 2020 communication, the European Commission (“EC”) issued guidance on the screening of foreign direct investments (“FDI”) in the context of the COVID-19 pandemic. The communication identifies an increased risk of attempts by non-EU acquirers to obtain control over suppliers of (...)
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On October 11, 2020, the EU Foreign Direct Investment Regulation—which establishes a European framework for the screening of foreign investments into the European Union—entered into force. The legislation attempts to address growing concerns (compounded by the COVID-19 pandemic) regarding (...)
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