Italian Financial Markets

The Italian practice of Orrick’s Financial Markets Group comprises a team of qualified Italian lawyers based in Rome, Milan and London who have the well proven experience to provide clients with a complete range of legal services.

Our Italian Practice works closely with its Italian desk in London and with members of the Orrick Financial Markets Group to offer an integrated approach that brings global perspectives and creativity to the successful structuring of complex projects.

Key Practice Areas

Principal Finance

The Italian Practice of Orrick’s Financial Markets Group acts as legal adviser to public entities and banks and financial institutions in transactions concerning healthcare, tax receivables and non-performing loans (NPLs).
Securitisation and Structured Finance

Orrick’s Italian Financial Markets lawyers advise on the securitisation of different asset classes, including residential and commercial mortgage loans, financial leases, consumer loans, non-performing loans and personal loans. We also handle repackaging transactions and transactions involving supranational institutions like the European Central Bank and the European Investment Bank.

Debt Capital Markets

Italian lawyers of Orrick’s Financial Markets Group advise on ISDA standard forms and confirmations, including assistance with credit support documentation; the issuance by public entities of bonds for public infrastructure and other projects; synthetic securitisations; and the issuance of asset-backed commercial paper and medium term notes by special purpose conduits.
Leveraged Finance

The Italian Practice of Orrick’s Financial Markets Group represents clients on all types of real estate loans, liquidity lines and credit facilities, and on acquisition financing and restructuring.

Top

Practice Rankings

Chambers Global 2009 and Chambers Europe 2009
- Band 2 – Capital Markets: Securitisation - Italy
  
  The Firm: "Clients rate this team of 15 lawyers for its availability and 'undisputable technical excellence.' The team has acted on a number of significant deals in the past year, especially within the healthcare sector. Highlights include advising European Investment Bank on its purchase of asset-backed notes issued by Medioleasing in a securitisation transaction of lease financing totaling over EUR410 million. The group also advised Société Générale and Iccrea Banca as joint arrangers of a CBO transaction with a value in excess of EUR1.2 billion."
  
  The Lawyers: "Based in the Rome office, global deputy head of the structured finance group Patrizio Messina is an expert in Italian securitisation, derivatives and public finance. His client list includes national and global investment banks, which he often advises on transactions involving healthcare and tax receivables, non-performing loans and mortgage securitisations. Clients prize his 'responsiveness, technical skills and flexibility'."
- Band 2 – Capital Markets: Debt - Italy
  
  The Firm: "This firm is hailed by clients for advice on international transactions. Drawing on the firm’s network of offices, including colleagues in London and New York, the Italian team is considered 'a particularly sound choice for deals with a US dimension.' The group is also said to be 'quick, problem solving, business friendly and reliable,' and counts many high-profile banks amongst its clientele.
  
  The Lawyers: "Patrizio Messina is, like the firm, perhaps best known for securitisation transactions, but is also renowned for his 'superb negotiation style' in debt capital markets deals. He is described as 'extremely easy to reach and work with,' reflecting praise for the firm as a whole."

Legal 500 EMEA 2009
- Capital Markets: Debt
  
  Orrick, Herrington & Sutcliffe’s Patrizio Messina is strongly recommended for complex and high-value securitisation transactions. The practice advised arranger Claris Finance in a multi-originator securitisation transaction concerning the transfer of a portfolio of around €600m nominal value claims arising from mortgage loans.
- Capital Markets: Banking & Finance
  
  Orrick, Herrington & Sutcliffe’s Patrizio Messina is recommended for structured finance work. The practice assisted Intesa Sanpaolo in a medium-long term facility and advised Dexia Crediop as lender on three water project financings.