The Italian Golden Powers Rules have intricate and unique features and broad-reaching effects, which set them apart from other foreign investment control regimes in the EU. For example, a notification requirement may apply to EU as well as national buyers in certain instances and may apply to Italian companies operating in sectors deemed of strategic importance for national interests and holding strategic assets (Strategic Companies) whose assets in Italy consist merely of a contract of strategic importance for national interests.
In the below linked publication, our colleagues in Milan provide a summary of the Golden Powers Rules, including the most recent changes introduced by Law Decree no. 21 of 21 March 2022 in light of the Ukraine crisis.
Please contact Francesco Liberatore, Daniela Sabelli and Ian Tully with any questions. And, continue to follow our blog for additional foreign direct investment (FDI) and national security control updates from around the world.