Key areas of focus for Clifford Chance are finance, M&A and real estate-related taxation. The group also handles tax controversies. The practice is headed by Carlo Galli, who ‘has a wealth of understanding of the Italian tax codes’, and advises on M&A, capital markets and structured finance-related taxation, as well as international tax planning. The team additionally features the ’highly recommended’ Sara Mancinelli, along with Andrea Sgrilli and Roberto Ingrassia.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘A great team with fantastic partners.’

  • ‘The strength of Clifford Chance's tax team is the significant and skilled experience accrued in the complex financial tax field, which puts them one step ahead of other firms.’

  • ‘Highly professional and competent.’

  • ‘They are efficient and helpful, and very easy to work with. They provide insightful guidance and support. They deliver on time and the product is of excellent quality. They always go to the extra mile.’’

  • ‘When using Clifford Chance, clients expect the best, and Carlo Galli, the head of their Italian practice, certainly delivers.’

  • ‘Carlo Galli has a wealth of understanding of the Italian tax codes, and a marvellous bedside manner (meaning he can distil complex tax issues into simple, understandable concepts for laypeople). He always delivers first-class outcomes.’

  • ‘Andrea Sgrilli is a super-skilled practitioner, and clients appreciate his ability to explain complex matters in such an easy and clear way.’

  • ‘Sara Mancinelli is an expert in all relevant Italian tax matters. Highly recommended.’

Key clients

  • Cassa Depositi e Prestiti
  • Enel
  • Eni
  • Admiral Group
  • Illimity SGR
  • Goldman Sachs
  • Kryalos SGR
  • Starwood Capital Group
  • Three Hill Capital Partners (THCP)
  • Morgan Stanley
  • Citibank

Work highlights

  • Advised Enel on the tax aspects of an agreement for the sale to Greek company Public Power Corporation Sa (Ppc) of all the group's shareholdings in Romania.
  • Defended several tier-1 private equity houses against the tax police, tax authorities and public prosecutors, in relation to the legitimate application of double tax treaties and EU directives.
  • Assisted Cassa Depositi e Prestiti with the tax aspects of a yankee bond issuance.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Carlo Galli

Other key lawyers

Sara Mancinelli, Andrea Sgrilli, Roberto Ingrassia