Banking & Finance

The banking and finance department offers highly specialised advice, coupled with a global vision and solid international experience; this allows our team to assist clients in relation to innovative and complex projects, both at a domestic and international level.

Our team provides continuous advice to banks, financial institutions, industrial and commercial companies, investors in private equity and investment funds and in relation to banking law, financing transactions and the issuing of guarantees. The expertise of our professionals extends to all of the main sectors of leverage finance and business finance, from various acquisition finance transactions to real estate finance and project finance, as well as to various products such as senior, second lien, mezzanine financing, junior, high yield as well in relation to other structured financial products.

In particular LTA provides assistance in:

• all aspects of leveraged finance from negotiations on covenants, to complex subordination and intercreditor issues;
• in the establishment and authorization of supervised intermediaries, branches or subsidiaries of EU and non-EU banks, non-bank financial intermediaries (including leasing and factoring companies, money transfers and companies for loan securitization and investment firms). In addition, LTA assists banks, asset management and investment firms, both Italian and foreign, in all relations with the Supervisory Authorities concerning banking, financial and investment services;
• in a variety of issues related to the provision of funding. Our experience ranges from drafting contracts for company funding (bilateral or syndicated loans and related collateral and guarantees, commercial and export loans, leasing and factoring) to more complex operations, such as acquisition financing (LBOs, MBOs, OPA financing), real estate finance, project finance, sale and leaseback;
• in debt financing transactions for large international corporate borrowers as well as middle market companies in various industries. Transactions include senior secured credit facilities, subordinated debt and other mezzanine financing, asset-based working capital facilities, aircraft and equipment financing;
• in the promotion and establishment of harmonized, private and speculative investment funds in securities, real estate and loans. We also assist our clients in the offering of fund units and other harmonized UCITS in Italy.
• in project finance transactions, bringing together experienced lawyers to form a cross-disciplinary team drawn from the relevant practice areas to provide fully integrated legal advice across numerous complex areas, from structured finance to infrastructure, energy, government and regulatory, tax, construction and engineering, environmental, corporate and securities and real estate;
• in advising on regulatory issues in connection with acquisitions and banking licensing procedures as well as with regard to the rules and regulations issued by the Bank of Italy, Consob (the Italian Securities Exchange Commission) and Borsa Italiana S.p.A. (the Italian Stock Exchange). LTA also advises on a broad range of organizational forms through which overseas entities may conduct their banking and financial business in Italy;
• in the structuring and negotiation of complex structured finance transactions, providing sophisticated and multi-disciplinary service through the creation of working groups made up of professionals who are active in the various fields of expertise of the Network. Professionals of LTA lend support in various roles in operations for receivables finance, repackaging and securitization of receivables, both synthetic and cash flow, for numerous types of assets (such as trade receivables, CMBS, health care receivables, WBS, NPL securitizations).