Mese: Giugno 2023

Ughi e Nunziante in Italiana Assicurazioni’s acquisition of majority stake in insurtech Plurima Servizi Assicurativi

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Italiana Assicurazioni, a Reale Group company, has completed the acquisition of 78% of the share capital of the digital broker Plurima Servizi Assicurativi SRL, innovative startup participated by Digital Magics and CDP Venture Capital, which are thus exiting the investment three years after entry.

Plurima is a startup founded in 2017 in Palermo, Italy. Operating since 2019, it manages and distributes insurance products through a platform meant for intermediaries to simplify bureaucratic procedures offering a wider range of insurance products.

Ughi e Nunziante – Studio Legale assisted the selling parties with Partner Giuseppe Coco and Associate Giuseppe Nasello.

The buyer (Italiana Assicurazioni) was assisted by Studio Legale Pavesio e Associati with Negri-Clementi, with a team composed of Partner Marco Tessera Chiesa and Associate Carolina Ceretti, for corporate law aspects, in coordination with Partner Vittorio Torazzi and Associate Stefano Resta, for labour law profiles.

E*finance consulting Reply with Partners Antonio Orlando and Matteo Vergani acted as advisor for business model and technology aspects.

Ughi e Nunziante with D’Amico in the reverse stock split operation for all the company’s shares

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Rome, 26 June 2023 – Ughi e Nunziante – Studio Legale assisted d’Amico International Shipping S.A., a d’Amico Group company operating in the product tankers sector and listed on the Milan Stock Exchange since 2007, in the operation of reverse stock split of the company’s shares in the ratio of one to ten, as well as for the authorization to the board of directors to the capital increase and in the launch of a new share buyback program.

Following the reverse stock split, the company’s share capital amounts to USD 62,053,278.45, divided into 124,106,556 shares with no par value.

Ughi e Nunziante, with a team led by Partner Giuseppe de Falco and Associates Ledia Rexho, Alessandro Corbò and Erika Forino, assisted the company for all Italian law profiles.

Luxembourg law profiles were handled by the Luxembourg firm Linklaters.

Investment attraction, yes to anti-bureaucracy regulations – Andrea Marega among professionals interviewed by Italia Oggi

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The Italian Government is increasingly determined to attract new foreign investment: as early as the Draghi government, a strategic foreign investors fund had been set up.

Our Andrea Marega, among the professionals interviewed by ItaliaOggi, commented on the de-bureaucratization measures drawn by the Meloni government and, in particular, on the one that gives the Ministry of Enterprise and Made in Italy the exercise of substitutive powers in cases of inertia of central administrations in procedures related to investments of at least 25 million euros with significant employment spin-offs: “[. …] The novelties introduced by the so-called “Decreto Aiuti” (Aid Decree) thus aim to unblock projects, construction sites, incentive measures or facilities that fail completion because stuck in the quicksand of bureaucracy.

However valuable the measures are, they suffer, among others, the limitation of the applicability of substitutive powers only to central administrations. The Regions, which (in Italy) are the expression of primary legislative power, but at the same time of local interests, often slow down and stop projects that are crucial for the production system. This is also due to the complex allocation of legislative power between State and Regions in terms of subject matter as drawn up by Title V of the Constitution […].”

The full focus is available here

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