Mese: Febbraio 2024

Ughi e Nunziante with The Techshop SGR in €3.9 million Round for Axyon AI

Posted on by admun2023

Orrick assisted Montage Ventures as lead investor in the €3.9 million round of Axyon AI, a fintech company developing predictive solutions based on artificial intelligence and deep learning to assist corporate asset managers in generating winning investment strategies.

The round, led by the U.S. venture capital firm, also saw the participation of The Techshop SGR, assisted by Ughi e Nunziante, along with other angel investors. The €3.9 million capital injection will catalyse the fintech’s commercial expansion and technological development initiatives, fostering further innovation. The funding round will provide €2.3 million in new cash, with the remaining €1.6 million secured through the conversion of the convertible notes issued in 2022, subscribed by “Rilancio Startup fund” by CDP Venture Capital, ING Ventures and UniCredit, among others.

Orrick’s team consisted of Attilio Mazzilli, partner responsible for the Technology Companies Group department, partner Livia Maria Pedroni, managing associates Ginevra Rebecchini and Gabriele Greco and Camilla Larcher.

The Ughi e Nunziante team was led by Antonello Lupo, assisted by Partner Amon Airoldi and Associate Alessandro Corbò.

Axyon AI was assisted by Filippo Rossi of the Calandra Andreoli Law Firm and Eugenio Burani, partner of Burani & Lancellotti Associated Accountants.

CDP Venture Capital followed the operation with its in-house legal team led by Head Alessandro di Gioia assisted, inter alia, by Debora Perciballi.

Daniela De Pasquale and Salvatore Orlando at the webinar “Artificial Intelligence Law” organized by CRINT Milan Bar Association

Posted on by admun2023

Yesterday, on February 1, 2024, the webinar titled “Artificial Intelligence Law” took place, organized by the International Relations Committee of the Milan Bar Association – CRINT.

The event hosted prominent companies and academics in the field and was introduced and moderated by Daniela De Pasquale, Partner at Ughi e Nunziante, with the participation of Salvatore Orlando, Of Counsel at Ughi e Nunziante, who explained the structure of the AI Act.

Together with other speakers, namely, Attorney Giuseppe Vaciago, Attorney Alessandra Bini, Prof. Giovanni De Gregorio, Prof. Attorney Edoardo Raffiotta, and Attorney Carlotta Bonanomi, a highly informative session was held on the use and management of AI, focusing on:

  • The existence of an institutional table for Justice and Artificial Intelligence and the activities of the Innovation Committee of the Milan Bar Council, including the recent establishment of an “Innovation Laboratory” aimed at analyzing innovations intended to improve the legal profession;
  • The system of rules for Artificial Intelligence in European Union law based on the level of risk, where the qualification of the type should not be done in the abstract but depends on the concrete use made of this technology;
  • The governance system for compliance with these rules in a global and technological company like IBM, emphasizing the centrality of humans and advocacy activities, and knowledge dissemination through the provision of training content;
  • The so-called European Values and the impact assessment concerning fundamental rights. The central role assigned by European and national institutions in safeguarding these rights;
  • The application of AI principles in contracts in a technological company like Google: the need to comply with numerous sources and attention to aspects related to intellectual property and provider responsibility;
  • The role played by the Coordination Committee for updating national strategies on the use of artificial intelligence in promoting the development of this technology in Italy;
  • The coexistence of the AI Act with various other sources, including the GDPR.

We thank the speakers and the numerous participants.

New lateral for Ughi e Nunziante’s Rome office: Guido Palombi enters

Posted on by admun2023

Milan, Feb. 1, 2024 – Ughi e Nunziante – Studio Legale scores a new lateral and welcomes Partner Guido Palombi to the Rome office.

Lawyer Palombi’s entry into the Rome office adds to the recently announced addition of five partners at the Milan and Verona offices.

Palombi counts major industrial and financial players among his clients and focuses on corporate/M&A, commercial contracts and privacy.

Previously, Palombi worked at NCTM and Salonia e Associati, a boutique firm specializing in employment law, where he served as head of the corporate/M&A and privacy department, assisting domestic and international clients in significant extraordinary transactions.

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