Best Project Finance Lawyers in San Giuliano Milanese

About Project Finance Law in San Giuliano Milanese, Italy

Project finance in San Giuliano Milanese, Italy uses a dedicated structure where a separate project company, or SPV, borrows and repays debt from lenders based on the project’s cash flow. The underlying contracts often include concession agreements, EPC contracts, O&M agreements, and the financing documents. Italian law governs these arrangements through civil and commercial rules, with special emphasis on public procurement and project governance for infrastructure and energy projects.

In practice, most project finance transactions in San Giuliano Milanese involve public sector participation or oversight, meaning procurement rules and permit regimes are critical. Local permits, environmental authorizations, and regional planning constraints shape deal timing and risk allocation. A competent legal counsel helps align project finance mechanics with Italian regulatory expectations from the outset.

For projects touching cross-border finance or non-Italian lenders, English-law or other governing-law terms may appear in financing documents. In these cases, Italian law remains central for permit compliance, security enforcement, and local enforcement of contracts. A local avvocato or legale with project finance experience helps harmonize multiple jurisdictions and regulatory requirements.

Why You May Need a Lawyer

• A San Giuliano Milanese municipality seeks a private partner for a wastewater treatment PPP, requiring due diligence on concession terms and environmental compliance.
• You plan to form a Special Purpose Vehicle (SPV) in Italy to develop a solar park near Milan and need drafting of all intercompany and financing agreements.
• A financing consortium is negotiating a project loan with Italian lenders and wants robust security packages, regulatory covenants, and a cross-default framework.
• You intend to refinance an existing project in Lombardy and must renegotiate debt terms, equity conditions, and step-in rights with lenders.
• You are bidding on a public works project under the Codice dei Contratti Pubblici and require help structuring the Economic and Financial Plan (PFE) and bid compliance packages.
• A cross-border investor wants to align Italian procurement law with non-Italian corporate governance standards for a PPP involving Italian and foreign entities.

Local Laws Overview

Italy regulates project finance primarily through the Codice dei Contratti Pubblici and related procurement laws. These rules govern tendering, bid evaluation, and contract award for public works and PPP arrangements in projects around Milan and Lombardy, including San Giuliano Milanese. Compliance with these rules is essential to avoid bid protests and late-stage contract termination risk.

Key named frameworks include the Codice dei Contratti Pubblici (Decreto Legislativo 50/2016) and related amendments issued to streamline procurement and PPP processes. These provisions set out how concession agreements are designed, how project finance is structured, and how lenders secure their interests in Italian projects. The environment around these rules evolves with periodic amendments and guidance from national authorities.

Codice dei Contratti Pubblici e Finanza di Progetto

The Codice dei Contratti Pubblici, primarily via Decreto Legislativo 50/2016, governs how public works and PPP concessions are planned, procured, and executed in Italy. It governs tender procedures, contract content, and risk allocation among public authorities and private bidders. San Giuliano Milanese project planners must align procurement strategies with these rules from the earliest stage.

Effective reforms and subsequent amendments continue to influence project governance, concession terms, and financial structuring in Italy. The framework supports transparent tendering, competition, and value-for-money outcomes for public investments.

Decreto Legislativo 50/2016 - Modifications and Semplification Measures

This legislation forms the backbone of modern Italian project finance and PPP procurement. It was enacted to harmonize national procurement practices with EU guidelines and to modernize concession governance. Local projects in Lombardy rely on this framework to validate bids, structure SPVs, and secure financing under appropriate risk-sharing terms.

In parallel, Italy has introduced simplification measures in 2020 and after to accelerate procurement processes and reduce administrative burdens on project developers. These changes influence bid timelines, due diligence requirements, and the sequencing of permits and approvals.

Regime Ambientale e Autorizzazioni

Environmental compliance remains a core aspect of project finance in San Giuliano Milanese. Projects typically require environmental impact assessments, waste and water approvals, and ongoing reporting under Italian environmental law. The regulatory regime affects scheduling, costs, and the feasibility of concession-based structures.

Understanding these environmental and permitting requirements early helps avoid costly delays and helps lenders assess project viability reliably. For cross-border or energy-related projects, additional EU-level standards may also apply.

Frequently Asked Questions

What is project finance in simple terms?

Project finance is a funding method where lenders rely on a project’s cash flow rather than the balance sheet of the sponsor. The project itself serves as the primary collateral.

How does an SPV work in Italian project finance?

An SPV is a separate legal entity created to own and operate the project. It borrows funds and signs contracts, isolating project risk from sponsors.

When do I need a local avvocato for a PPP in San Giuliano?

Engage an Italian-credentialed lawyer early, during structuring and bidding, to ensure compliance with Codice dei Contratti Pubblici and local permits.

Where can I find official guidance on finanza di progetto?

Consult Italian government resources and international guidelines to understand framework and best practices for financing projects.

Why is due diligence important in a Lombardy PPP?

Due diligence identifies legal, regulatory, and environmental risks that could affect the project’s viability and lender security.

Can a foreign lender finance an Italian project under Italian law?

Yes, with appropriate governance, security packages, and governing law alignment that respects Italian enforcement and permits.

Should I use English or Italian governing law for the contracts?

Italian law governs matters like permits and enforcement in San Giuliano, but multi-jurisdiction deals may use English law for finance documents with appropriate safeguards.

Do I need a local company registration for the SPV?

Typically, yes. The SPV is usually registered in Italy and must comply with local corporate and tax requirements throughout the project life cycle.

Is the procurement process different for energy projects in Lombardy?

Yes, energy projects follow the same procurement framework but may involve sector-specific environmental and grid-connection considerations.

What costs should I expect for a project finance transaction in Italy?

Costs include due diligence, legal fees for drafting and negotiating contracts, and ancillary expenses like permitting, taxes, and financial advisory fees.

How long does due diligence typically take for a San Giuliano project?

Due diligence generally runs several weeks to a few months, depending on project complexity and permit status.

Additional Resources

• World Bank - Public-Private Partnerships in Infrastructure: Guidance, case studies, and best practices for PPP project structuring (.org domain). World Bank PPP in Infrastructure
• OECD - Public-Private Partnerships in Infrastructure: International guidelines and benchmarking resources (org domain). OECD PPP Guidelines
• Ministry of Economic Development (Mise) - Finanza di Progetto: Official Italian information on project finance tools and procedures (gov domain). Mise - Finanza di Progetto

Next Steps

1. Clarify your project type and financing approach. Define whether it is a PPP, concession, or private-finance deal and identify the likely SPV structure.
2. Gather core project documents. Assemble feasibility studies, environmental assessments, permits, and draft concession terms you expect to negotiate.
3. Identify a local Project Finance lawyer in Lombardy. Look for avvocato with track record in SPV formation, financing agreements, and public procurement.
4. Schedule an initial consultation. Prepare a briefing deck outlining project scope, funding plan, and key timelines for the lawyer to review.
5. Obtain engagement terms and a work plan. Confirm fee structure, milestones, and a realistic due diligence timetable with the lawyer.
6. Begin due diligence with the legal team. Review permits, contracts, and lender requirements to finalize the term sheet.
7. Draft and negotiate the core project contracts. Ensure alignment of concession, EPC, O&M, and financing documents with Italian law and local permits.