Ughi e Nunziante assisted, for the Italian law profiles, the law firm King & Spalding LLP in the international arbitration brought against the Italian State by the British company Rockhopper Exploration Plc, listed on the London Stock Exchange (AIM), and its subsidiaries Rockhopper Mediterranean Ltd and Rockhopper Italia S.p.A.
The arbitration, which began in April 2017 and was conducted at the International Center for the Settlement of the Investment Disputes (ICSID), ended with the Arbitral Tribunal (composed of Klaus Reichert – Chairman, Charles Poncet, and Prof. Pierre-Marie Dupuy) fully accepting the Claimants’ claims. Specifically, the Tribunal found that the Italian State had violated the international Energy Charter Treaty regarding the protection of foreign investments and ordered it to pay total compensation of 190 million euros plus interest. The damages claimed by the plaintiffs included the costs they incurred in connection with the offshore hydrocarbon production project in the Adriatic Sea off the coast of Abruzzo (known as “Ombrina Mare”) and the lost profits resulting from the cancellation of the project.
King & Spalding professionals representing the plaintiff companies were partners Thomas K. Sprange and Benjamin (Ben) Williams, with associates Flora Jones and Kateryna Frolova from the London office, and partner Viren Mascarenhas from the New York office.
Ughi and Nunziante’s team consisted of managing partner Roberto Leccese, together with partner Luigi Cascone, for international procedural profiles, and partner Andrea Marega and senior associate Giorgia Diotallevi, for administrative law aspects.
The full press review is available here.
On ItaliaOggi Sette, Antonio Ranalli’s focus entitled: “Big data and AI, law firms’ challenges are hi-tech.”
The article, which takes an in-depth look at lawyers and companies on the front lines of data protection, also features an interview with our Partner Daniela De Pasquale on Europe’s new regulatory framework (Digital Markets Act and Digital Services Act) and control of digital platforms.
Ughi e Nunziante, with a team composed of Partner Filippo Mazza and Associate Chiara Puma, assisted the shareholders of InnovatesApp, a company active in assisting firms in the digital transformation of processes, providing consultancy, implementation and application migration services, and in the management of infrastructures, data and analytics, in the acquisition transaction by DGS (HIG Capital).
On behalf of InnovatesApp’s shareholders, TCFCT – an associated corporate and tax consultancy firm – and Mama Advisory were also involved. Maurizio Russo, who remained shareholder and CEO of Innovatesapp, was assisted on the new deal with DGS by Claudio Mecozzi, Name Partner of Melex law firm.
Federico Unnia led a survey for ItaliaOggi Sette entitled “Tough Budgets for Firms: Covid and PNRR drive bills”.
Among the professionals interviewed, our managing partner Roberto Leccese who declared himself satisfied with both the economic results and the quality of the cases dealt with by the firm during 2021.
On ItaliaOggi Sette, the survey by Antonio Ranalli entitled “Influencers, the rules for being on the Net without missing a beat”.
Among the professionals interviewed, our Partner Agostino Clemente, who focuses on the micro influencers and virtual influencers phenomena, highlighting how these figures will be crucial in the relational dynamics of the metaverse.
Ughi e Nunziante announced today that the firm has been recommended as a Leading Firm in Commercial, corporate and M&A and Data privacy and data protection in The Legal 500 2022 EMEA guide. In addition, this year the firm has been cited as a “Firm to watch” in Administrative and Public Law.
The Legal 500 cited clients as referring to the firm’s Commercial, corporate and M&A team as having:
“very high competence and knowledge of the subject matter”; and
“ability to build a climate of trust, collaboration and constructive communication that distinguishes the firm from the competition.”
Clients of our Data privacy and data protection team were quoted as citing the firm’s:
“Extreme competence, practical and effective approach, courtesy and empathy of professionals”;
“strong internationalization”; and
“solution oriented” approach.
The Legal 500 recognized the firm and its professionals in the following categories:
Leading Firm in Commercial, corporate and M&A
Recommended lawyers:
Other key lawyer(s):
Leading Firm in Data privacy and data protection
Recommended lawyers:
Other key lawyer(s):
Firm to watch in Administrative and Public Law
Milan, 18 February 2022 – Ughi e Nunziante, with the partner, Giuseppe Coco assisted the innovative start-up UpSurgeOn in the corporate venture capital operation with Guala Dispensing for a 23% share of the company.
Guala Dispensing was assisted in the operation by Studio Cocchi & Associati with the partner, Federico Cocchi.
After this corporate venture capital deal, the start-up, operating in the med-tech field, will be able to count on the support of an important industrial group in the scale -up phase.
UpSurgeOn has premises in Assago and specialises in developing virtual reality and hyper-realistic physical simulation technologies for psychomotor enhancement of surgical skills. In 2021, it launched its first commercial product and distributed its technologies in over 70 countries.
Guala Dispensing, founded in 1997 in the plastic district of Alessandria, is a world leader in the design and moulding of plastic packaging for sectors such as household, coffee, personal care and pharmaceuticals, with plants in Italy, China, Mexico and Romania, a turnover of around €230 million, and employing 1,300 workers.
