Vinicio Fasciani – GC Powerlist
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Italy 2024

Industrials and real estate

Vinicio Fasciani

Group General Counsel | WeBuild

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Italy 2024

legal500.com/gc-powerlist/

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Vinicio Fasciani

Group General Counsel | WeBuild

Team size:  47 

 

How do you approach managing legal aspects during periods of instability or crises, and how does your legal strategy align with the broader business strategy to ensure the organisation’s resilience?  

Identifying extraordinary measures provided by laws to respond to crises, price increases, and resource shortages due to pandemic situations and international conflicts across more than 50 jurisdictions worldwide, where the Group is engaged in large infrastructural projects that constitute its core business. This involves participating in public debates to propose legislative changes that align with the needs of the business, reviewing the standards of contracts with subcontractors and suppliers to create additional value along the supply chain, and reassessing internal organisation to enhance efficiency and reduce costs, including the implementation of IT platforms. Additionally, I am involved in negotiating amendments to existing contracts with our clients. 

 

What are the main cases or transactions that you have been involved in recently?  

I have been involved in M&A transactions in Italy and abroad related to the purchase and sale of construction companies, as Webuild Group holds participation interests in more than 500 legal entities. My experience includes the management of international arbitrations and litigations with a cumulative value of billions of euros, as well as handling settlements related to disputes and pending contractual disagreements. I have also negotiated agreements to participate in national and international large infrastructural projects, including railways, highways, hydroelectric plants, dams, and bridges. Additionally, I manage administrative and criminal procedures, negotiate bonds and financial agreements amounting to hundreds of millions of euros, and address corporate issues pertaining to Webuild as an Italian listed company. 

 

How do you measure the impact of ESG initiatives on the company’s overall performance and reputation?  

ESG topics have become extremely important for an international listed corporation, as they are a key factor in attracting investors; for instance, it is possible to issue bonds linked to the achievement of ESG targets. Additionally, ESG considerations play a significant role in how the company is evaluated by stakeholders, and in many jurisdictions, ESG is a crucial parameter for awarding construction contracts in public bidding processes. The Group has developed and is enhancing procedures and measures to improve its ESG impact and has established a specific department responsible for these fundamental tasks. 

 

How have you integrated technology into your legal processes, and what impact has this had on efficiency and compliance?  

The Legal Department has already developed IT systems to monitor, on one side, all the participation interests of the Group along with the related corporate bodies and powers of attorney, and on the other side, the litigations involving the Group. We are continuously exploring options to enhance our technology, thereby streamlining the Legal Department’s operations and saving time and resources for more strategic tasks. It is outdated to consider internal Legal Departments without the support of technology, which should be regularly assessed for improvements given the accelerated pace of IT changes in our time. Furthermore, technology provides essential traceability, which is crucial for compliance. 

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