Italy: M&A/Private Equity

Italy's Revenue Agency has issued Resolution No. 7/2026, fundamentally reshaping the VAT treatment of transaction costs in merger leveraged buy-out structures. The ruling addresses whether special purpose vehicles qualify as taxable persons and whether acquisition-related expenses can be classified as deductible preparatory costs, marking a significant departure from previous formalistic interpretations that focused narrowly on shareholding activities.

Legislative Decree No. 47 of March 27, 2026 fundamentally restructures Italian corporate governance by placing all three governance models on equal footing, expanding board-level duties...

Following a European Commission complaint by the Italian Association of Chartered Accountants, Italy has aligned its VAT treatment of merger leveraged buy-out transactions with EU law.

The Italian Data Protection Authority has issued comprehensive guidelines on tracking pixels in email communications, establishing strict transparency and consent requirements for both public and private entities. Organizations now face a six-month compliance deadline to overhaul their email marketing practices, update privacy notices, and implement granular consent mechanisms for these invisible tracking tools.

Milano (19 marzo 2025) - Il mercato italiano dei sistemi MES (Manufacturing Execution Systems) sta vivendo una fase di significativa espansione, posizionandosi come elemento chiave...

Nell'attuale contesto economico e sociale, le aziende – non solo quelle di piccole dimensioni – si trovano ad affrontare criticità sempre più impegnative.

The Italian 2022 annual Competition law introduced significant changes with reference to the merger thresholds applicable in Italy.

In the CdS's judgment, the ICA must satisfy the court of the existence of an exclusionary purpose linking together the conducts in question.

Sustainability has thus far not been a key topic for the assessment of concentrations by the European Commission or National Competition Authorities when it comes to merger control.