Cleary Gottlieb seminars focus on increasingly hot topic of investments in Italy

May 24, 2014 9:54 am

At seminars being held next week in Dubai and Abu Dhabi, international law firm Cleary Gottlieb Steen & Hamilton LLP, will discuss certain key legal issues and factors that investors from the GCC should consider when investing in Italian private and public companies.

The events, to be held at the Rosewood Hotel next to Cleary Gottlieb’s office in Abu Dhabi’s financial hub Sowwah Square, and at The Ritz-Carlton, Dubai International Financial Centre, come in connection with local investors’ increasing interest for investment in Europe and Italy, as well as the increasing importance of bilateral economic relations between Italy and the UAE.

Partner Matteo Montanaro and associate Eugenio S. de Nardis, Cleary Gottlieb lawyers from the firm’s Abu Dhabi office, who will host the event, have extensive experience in advising companies on investments in Italy.

Matteo Montanaro, Cleary Gottlieb partner, Abu Dhabi, said, “We are seeing a growing momentum and renewed interest by foreign investors looking to Italian companies, which is in part a result of the disposal and privatization plans recently announced by the Italian government. Italian luxury brands continue to attract much interest from this region, but there are also opportunities to invest in companies operating in the regulated and infrastructure sectors. In taking advantage of opportunities presented by Italy’s markets, however, investors must be mindful of potential legal and regulatory hurdles.”

Eugenio S. de Nardis, Cleary Gottlieb associate, Abu Dhabi, added, “The current political and economic environment in Italy is providing interesting opportunities for investment in a number of markets. However, certain key legal issues and other factors need to be taken into account, including the new investment control regime.”