Chiomenti Studio Legale
Encyclopedia
Chiomenti Studio Legale is an Italian law firm
Law firm
A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other...

 founded in 1948 by Pasquale Chiomenti. It is widely considered one of the strongest Italian law firms, and one of the few with a clear international outlook. Chiomenti does not attempt to provide day-to-day advice to Italian companies outside of major cities of Milan, Rome and Turin; however it seeks to counsel companies on big-ticket transactions. Today the firm counts 300 attorneys and tax advisers working out of offices in Rome, Milan, Turin, Brussels, London, New York City, Hong Kong and Beijing.

Chiomenti represented the Italian Government in numerous privatizations in the 1980s and 1990s, including that of Enel
Enel
Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...

. It has since built up a strong reputation for premier banking, project finance, mergers and acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

 and capital markets advice.

Press reports indicated that Chiomenti engaged in merger discussions with a number of US and UK suitors, including Shearman & Sterling
Shearman & Sterling
Shearman & Sterling LLP is a law firm headquartered in New York City with 20 offices located in major financial centers around the world founded in 1873. It is well known for both its litigation and transactional capabilities, especially in International Arbitration, Capital Markets, Finance, and...

 and Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm headquartered in London, United Kingdom and a member of the 'Magic Circle' of leading English law firms. It is the second-largest law firm in the world measured by revenues. In 2010-11 it achieved total revenues of £1.14 billion and profits...

. In 2001, Chiomenti signed an exclusive referral agreement and alliance with Skadden, Arps, Slate, Meagher & Flom
Skadden, Arps, Slate, Meagher & Flom
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates , founded in 1948, is a prominent law firm based in New York City. With over 2,000 attorneys, it is one of the largest and highest-grossing law firms in the world. Forbes magazine calls Skadden "Wall Street's most powerful law firm"...

. The two then collaborated on a number of high-profile deals including representing Biosearch Italia in its acquisition by California-based biotech company Versicor for total considation of $260.7m (£169.8m). The two also advised Ansaldo, a railway-signalling manufacturer, on its €468m (£327.8m) IPO in 2006. The alliance was discontinued in 2008. That same year, Chiomenti merged with Birindelli & Associati, a pioneering Italian firm that operated offices in six Asian cities. It is unclear whether Chiomenti will continue to operate all of those offices.

Notable Mandates

  • Counseled the Borsa Italiana
    Borsa Italiana
    The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...

     on Italian law issues in its €1.5bn (£1.1bn) purchase by the London Stock Exchange
    London Stock Exchange
    The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

     in 2007. Chiomenti acted alongside Shearman & Sterling
    Shearman & Sterling
    Shearman & Sterling LLP is a law firm headquartered in New York City with 20 offices located in major financial centers around the world founded in 1873. It is well known for both its litigation and transactional capabilities, especially in International Arbitration, Capital Markets, Finance, and...

     which provided UK law advice to the Borsa Italiana.
  • Represented Wind Telecomunicazioni SpA, a subsidiary of Enel
    Enel
    Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...

     SpA, in its €12.1 billion sale via a in a leveraged buy-out by Weather Investments in 2005.
  • Advised Unipol Assicurazioni SpA in its €1.465 billion purchase of Italian Winterthur Assicurazioni and Winterthur Vita operations, units of Winterthur Insurance Company, a subsidiary of Credit Suisse
    Credit Suisse
    The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

    in 2003.
  • Acted for Edipower in its €3.7 billion acquisition of Eurogen from Enel SpA in 2002.
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