On 3 September 2020, the European Court of Justice (“ECJ”) issued its judgment in Vivendi SA v Autorità per le Garanzie nelle Comunicazioni (case C-719/18), ruling that the application by the Italian Government of national media plurality laws in relation to Vivendi’s acquisition of a minority equity interest in Mediaset was illegal and in breach … Read more

We are delighted to share with you our newly updated report on Foreign Investment: Rising Tides of Politics in Regulation, which reflects a swathe of recent changes to Foreign Direct Investment (FDI) regimes around the world against the backdrop of the Covid-19 pandemic. FDI filings have become an increasingly important piece of the regulatory jigsaw … Read more

Foreign investments in certain Italian strategic sectors are subject to the regime set out by Law Decree No. 21 of 15 March 2012, as subsequently amended in 2017 and 2019 (the “Golden Power Decree“). In particular, according to the Golden Power Decree, certain transactions and corporate resolutions in the defence and national security sectors, as … Read more