Best Project Finance Lawyers in Milan

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Founded in 2017
28 people in their team
Italian
Russian
Ukrainian
Chinese
German
French
English
Banking & Finance Project Finance Funds & Asset Management +10 more
Arnone & Sicomo is an International Law Firm founded by attorneys Gioia Arnone and Donatella Sicomo, with offices in major Italian cities including Palermo, Milan, Rome, Salerno, Catania, Cuneo, Venice, and Trento, as well as international locations such as London, Barcelona, Luxembourg,...

Founded in 2020
100 people in their team
Italian
English
Bengali
Turkish
Spanish
Arabic
Banking & Finance Project Finance Tax Increment Financing +9 more
Davies & Associates ("D&A") has grown to become the largest global law firm specializing in US, UK and Italian business and investment immigration together with Citizenship and Residency by Investment (together, โ€œCBIโ€).  Our lawyers are regarded as the leaders in the US E2...

Founded in 1988
English
Established in 1988, Giliberti Triscornia e Associati is a distinguished Italian law firm renowned for its expertise in mergers and acquisitions (M&A), private equity, banking and finance, corporate and financial restructuring, as well as litigation and arbitration. The firm has a proven track...
Chiomenti
Milan, Italy

Founded in 1948
English
Established in 1948 by Pasquale Chiomenti, Chiomenti has grown into a leading Italian law firm renowned for its comprehensive legal services and international perspective. With over 400 professionals, the firm offers expertise across various practice areas, including corporate law, M&A, banking and...

Founded in 2020
English
AndPartners Tax and Law Firm, established in November 2020, is a distinguished Italian firm specializing in tax law and related legal services. With offices in Milan and Rome, the firm comprises a synergistic team of lawyers and chartered accountants dedicated to delivering comprehensive and...

Founded in 2022
English
BM Law Partners - Studio Legale Bergamo-Montanari is a dynamic Italian law firm based in Milan, founded by attorneys Martina Montanari and Guido Bergamo. The firm offers specialized legal services in civil, corporate, and administrative law, catering to both national and multinational corporations...
Militerni Law Firm
Milan, Italy

Founded in 1991
English
Militerni Law Firm, established in 1991 in Naples, has expanded its presence across Italy with offices in Milan, Bergamo, Turin, and Padua, and internationally in Paris and Belgrade. The firm specializes in contract law, debt recovery, litigation, administrative law, corporate law, and insolvency...

Founded in 1863
5,000 people in their team
Italian
English
Based in Milan and Rome, our Italian team works with leading multinationals, financial institutions and investors, many of them listed on the Milan Stock Exchange, as well as successful SMEs, that play a key role in driving the Italian economy. We provide support on cross-practice, cross-border,...
Open Company Italy
Milan, Italy

Founded in 2004
English
Open Company Italy is a distinguished firm specializing in business management consulting, accounting, business administration services, and legal counsel. With over 15 years of experience, the firm operates in Milan and Rome, providing targeted advice to enhance clients' corporate success. Their...

Founded in 2009
50 people in their team
Italian
English
The firmGitti and Partners was founded by Gregorio Gitti, Carlo Andrea Bruno, Vincenzo Giannantonio, Angelo Gitti, Stefano Roncoroni and Matteo Treccani who, after having gained a significant experience in leading domestic and international law firms, agreed to undergo together a new career path by...
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About Project Finance Law in Milan, Italy

Project Finance is a specialized area of law that focuses on the financing of large-scale, long-term infrastructure and industrial projects. In Milan, Italy's financial capital, Project Finance plays a crucial role in supporting developments such as transportation systems, energy facilities, healthcare infrastructure, and public-private partnership (PPP) projects. The legal framework around Project Finance involves structuring financial agreements where the project's assets, rights, and interests are used as collateral for loans and investors. Lawyers practicing in this area help clients navigate the intricate combination of contract, regulatory, and financial laws that shape these complex deals.

Why You May Need a Lawyer

Seeking legal assistance in Project Finance can be critical for a number of reasons. If you are developing, investing in, or lending to a major infrastructure project in Milan, you will likely encounter complex contractual arrangements, multiple stakeholders, and a multifaceted regulatory environment. Common situations where legal expertise is essential include:

  • Drafting and negotiating project contracts such as EPC (Engineering, Procurement and Construction), O&M (Operation and Maintenance), and concession agreements
  • Structuring loan and security agreements involving multiple lenders or syndicates
  • Understanding and complying with Italian and EU regulatory requirements
  • Addressing issues related to land acquisition, permits, and environmental compliance
  • Resolving disputes among project stakeholders
  • Assessing and mitigating risks in projects involving new or developing technologies
  • Facilitating government approvals or concessions for public infrastructure

Whether you are a project sponsor, investor, contractor, or lender, a lawyer experienced in Project Finance can help protect your interests and ensure the success of your project.

Local Laws Overview

Milan operates under Italian national law with additional local regulations that may impact Project Finance activities. Here are some key legal aspects to consider:

  • Project Finance in Italy often relies on specific legislation regarding public works, concessions, and public-private partnerships, most notably the Italian Public Procurement Code and relevant EU Directives
  • The structure of Project Finance deals is typically non-recourse or limited recourse, meaning lenders primarily rely on project cash flows and assets for repayment
  • Security interests, such as pledges and mortgages, must be properly structured and registered under Italian law to be enforceable
  • Environmental and land use laws impose strict requirements for permits, impact assessments, and ongoing compliance
  • The involvement of public entities requires strict adherence to transparency, anti-corruption, and competitive tendering procedures
  • Taxation, VAT, and other fiscal incentives or obligations may significantly impact the viability of a project

Navigating these laws requires expertise in Italian civil, administrative, and financial regulatory environments, especially when operating in Milan's dynamic business landscape.

Frequently Asked Questions

What is Project Finance and how does it differ from traditional corporate finance?

Project Finance involves the funding of specific projects where lenders rely on the project's cash flow and assets for repayment. Unlike corporate finance, the borrower's general assets and creditworthiness are not the primary security for the loan.

Are there specific laws in Italy governing Project Finance?

Yes, Project Finance in Italy is influenced by the Public Procurement Code, concession laws, public-private partnership regulations, and the broader civil and commercial codes. EU directives also play an important role.

Do I need government approval for Project Finance projects in Milan?

Many large or infrastructure projects require permits, authorizations, and possibly concessions from local or regional authorities. Public projects must comply with public procurement rules.

What security arrangements are commonly used in Italian Project Finance deals?

Common arrangements include mortgages over land or infrastructure, pledges over movable assets and shares, and assignments of project receivables and contracts.

How are risks typically distributed in a Project Finance structure?

Risks are contractually allocated among sponsors, lenders, and contractors. This can include construction, operational, demand, regulatory, and financial risks.

What are the main types of projects using Project Finance in Milan?

Typical projects include transportation infrastructure, renewable and conventional energy plants, healthcare facilities, and public utility developments.

Can foreign investors participate in Project Finance deals in Milan?

Yes, foreign investors are active in Italian Project Finance projects. Legal counsel can help navigate issues related to foreign investment, currency, and local regulatory requirements.

What role do banks and financial institutions play in Project Finance?

Banks, investment funds, and sometimes export credit agencies provide financing and often help oversee project compliance and risk mitigation strategies.

How long does a Project Finance transaction typically take to complete?

The timeline varies greatly depending on the project's complexity, regulatory requirements, and negotiations. Transactions often take several months to over a year to finalize.

What happens if a Project Finance project fails or defaults?

If a project fails to meet its obligations, lenders may enforce their security rights over project assets or initiate restructuring. Legal counsel is crucial in these situations to manage risks and liabilities.

Additional Resources

If you need further information or support regarding Project Finance in Milan, you may find the following resources helpful:

  • Italian Ministry of Economy and Finance - oversight of public project financing
  • Municipality of Milan - local permitting and land use regulations
  • Italian Banking Association (ABI) - financial standards and project funding guidelines
  • National Anti-Corruption Authority (ANAC) - regulations on public procurement and transparency
  • Professional legal associations specializing in Project Finance law
  • Chamber of Commerce of Milan - business and investment support services

Next Steps

If you are considering involvement in a Project Finance venture in Milan, here are some practical steps to follow:

  1. Clearly define the scope, objectives, and financing needs of your project
  2. Identify and engage with all relevant stakeholders, including public authorities if needed
  3. Consult with a qualified legal professional familiar with Project Finance law in Milan to guide you through structuring, due diligence, and compliance
  4. Develop a comprehensive risk assessment and management plan
  5. Ensure all documentation, permits, and contracts meet local and national regulatory standards
  6. If disputes or uncertainties arise, seek specialized legal advice promptly to minimize risks and delays

Taking these steps can help you navigate the complexities of Project Finance and achieve your project's goals in Milan, Italy.

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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.