We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.
The Golden Power is the special power of the Italian government to limit or stop (i) foreign direct investments (“FDI”) and (ii) corporate transactions involving Italian strategic assets.
All transactions falling within the field of application of Golden Power must be reported in advance to the Italian Presidency of the Council of Ministers (the “Presidency”).
The Golden Power originally entered into force in 2012 and was limited to defense, national security, and infrastructure (transportation / energy / communications). It has recently been extended to additional strategic sectors (i.e., high technology, fintech, insurtech, etc.) following Law Decree 23/2020 and as a consequence of the Covid-19 pandemic.
Therefore, all foreign investors intending to carry out acquisitions in Italy within certain sensitive sectors are required to first consider any application of the Golden Power regime.
This contribution by Ughi e Nunziante offers useful guidelines for foreign investors to better understand the new legal framework.
For any help or additional clarification, please seek proper legal guidance.