TRUSTED PARTNER TO LEADING MULTINATIONALS
ITALY - NEW MERGER CONTROL THRESHOLDS
02 April 2013
The Italian Competition Authority published today new merger control thresholds.
As of today, a concentration must be notified to the Italian Competition Authority when it meets both conditions below:
• The combined aggregate domestic turnover of all undertakings exceeds € 482 million, and
• The aggregate domestic turnover of the target undertaking exceeds € 48 million.
An earlier reform made the thresholds cumulative as of January 1, 2013. Since then, merger notifications in Italy have decreased drastically. Their number is expected to fall by about 90% in 2013.
Despite this reform, companies have in a few occasions notified concentrations that are no longer notifiable. This will stop as soon as companies and their advisors become aware of the reform. The Italian Competition Authority has published a reminder to this end.
The expected decrease in merger work will allow the Italian Competition Authority to focus on larger merger cases and antitrust work. Law firms that have extensively engaged in commoditized merger work will seek to substitute it with other work and may end up encouraging leniency applications and private litigation. Both leniency and private litigation are areas that have not been extensively explored in Italy until present.
For further information on this topic please contact
Andrea De Matteis
by telephone +39 06 983 78 412
or email adematteis@dematteislex.com
EU PAYMENT ASSOCIATE
The current environment has rapidly accelerated the trend towards digital payments.
We are looking for an Associate with excellent academic performance and a desire to specialize in EU payments regulation.
Integrity, diversity and creativity are the name of the game at De Matteis Law.
Desired Skills and Experience
- University degree in law with highest honors
- Admitted to the bar
- Specialized or desire to specialize in EU payments regulation
- Experience in assisting multinational organizations
- Mother tongue or excellent command of English (level C2 or C1)
Desired Personality Traits
- Desire to help others
- Team player
- Conscientiousness
- Open to constantly learning
- Preferred age 30-35
We offer competitive salaries and an energetic, motivated and collaborative environment. We are interested in the success of our team and encourage individual development through constant feedback.
In particular, we offer:
- Friendly and collaborative environment
- Competitive salaries
- Up to 3 month bonus based on performance
- Working hours from 9.00 am to 6.00 pm
We are based in Rome and Brussels and have a highly successful practice in regulation of payments in Europe.
In particular, we advise our clients on:
- PSD2
- Strong Customer Authentication
- Open Banking
- Anti-money-laundering
- Digital Identity
- Blockchain
- Artificial intelligence
- Cryptocurrencies
Our clients are leading multinationals. Our mission is to do well by doing good.