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
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
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, “CBI”).  Our lawyers are regarded as the leaders in the US E2...
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DWF LLP
Milan, Italy

Founded in 1977
200 people in their team
Italian
English
DWF is a leading global provider of integrated legal and business services.We listen to our clients and there is a growing desire for legal and business services to be delivered in an easier and more efficient way. So, we've built our business and designed our range of services on this principle....
Carnelutti Law Firm
Milan, Italy

English
Carnelutti Law Firm stands as a beacon of legal excellence in Italy, offering unparalleled expertise across various practice areas. Renowned for their deep understanding of Italian and international law, the firm provides strategic counsel and innovative solutions tailored to the complexities of...
Studio Legale Padovan
Milan, Italy

Founded in 2002
English
Studio Legale Padovan, established in 2002, is a distinguished Italian law firm with offices in Milan and Rome. The firm specializes in construction and infrastructure law, international trade compliance, corporate and M&A, banking and finance, and litigation and arbitration. Its clientele includes...
Milan, Italy

Founded in 2018
English
Established in 2018, i-law Studio Legale is a full-service law firm based in Milan, Italy, offering comprehensive legal services across the national and international landscape. The firm specializes in the management and recovery of non-performing financial and commercial assets, providing due...

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 2000
200 people in their team
Italian
English
About usCMS is a Future Facing firm. With 78 offices in more than 40 countries and 5,000+ lawyers worldwide, we combine deep local market understanding with a global overview, giving us the ability not only to see what’s coming, but to shape it. In a world of ever-accelerating change where...
White & Case LLP
Milan, Italy

Founded in 1901
5,000 people in their team
Italian
English
Our FirmWhite & Case is a global law firm with longstanding offices in the markets that matter today. Our on-the-ground experience, our cross-border integration and our depth of local, US and English-qualified lawyers help our clients work with confidence in any one market or across many.We...
Studio Legale Gatto
Milan, Italy

Founded in 1974
English
Established in 1974 by Andrea Gatto, Studio Legale Gatto is a boutique law firm based in Milan, Italy, with a strong international perspective. The firm specializes in corporate law, mergers and acquisitions (M&A), labor law, and other related fields. With a history spanning over five decades,...
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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.

Lawzana helps you find the best lawyers and law firms in Milan through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Milan, Italy - quickly, securely, and without unnecessary hassle.

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.