PG Legal Insurance and Reinsurance team appointed Italian counsel for RGA, Reinsurance Group of America, a leader in the global life reinsurance industry. The firm has over 16 years of expertise in advising insurance clients across the full spectrum of insurance work including litigation, coverage advice and non-contentious regulatory, drafting and advisory services.
...PG Legal becomes Wally's counsel for the legal work of the prestigious Italian luxury yacht builder assisting them on corporate, commercial and yachting matters of all the companies of the Wally Group. Particularly, the yachting team of PG Legal is assisting Wally on yacht building contracts of high performance power and sail yachts, on the negotiations of Joint-Venture agreements with Italian and foreign shipyards and on the reorganization of the group of companies belonging to Wally in various European Countries.
...Frank J. Geffers, senior partner and head for the Renewable Energy Department of PG Legal, has assisted Clear Sun International ApS in structuring the acquisition, and subsequent resale to German company Sovello Prjoects GmbH, of six Special Purpose Vehicles (SPVs) held indirectly by Tetra Engineering Srl. In the course of the operation, born out of the contractual mandates of the Quota Purchase Agreement, the purchased and resold SPVs already possessed the requisite rights needed to construct photovoltaic plants, each of around 1 MW. In the context of the acquisitions, Frank J. Geffers and associates Kai Uwe Hosse and Davide di Monaco completed the drafting and definition of the necessary surface contracts, including those concerning easements and the purchase and sale, relative to the grounds upon which the plants will stand.The dynamism of the deal, accompanied by the skill and considerable experience of PG Legal Energy Team, has made for a particularly positive result.
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Lorenzo Ranieri and Laura Torrisi, represented VShips in the debt collection action against the shipping company Cramer Schiffharts, the vessel "ADELE C" which has been seized in the port of Pozzalo, in Sicily.
...PGI has represented Aavid Thermalloy and its management in its sale to a private equity firm. Gianfranco Puopolo, Roberta Padula and Laura Torrisi have assisted Aavid Thermalloy, a leader in designing and manufacturing high-performance thermal management products used in a wide range of electronics systems, in the due diligence process and in SPA review in concetion with the sale of Aavid and its Italian subsidiary a private equity firm with more than USD 2.5 billion of capital under management. Aavid is a long standing client of PGI since its first acquisition in Italy made in the year 2000. We are very proud to be the company's counsel in Italy for all its legal work.
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PGI represents Rummo SpA in the acquisition of Pastificio Castiglioni SpA. Partner Gianni Emilio Iacobelli and senior associate Roberta Padula have represented Rummo SpA, a leading Italian pasta maker exporting its products worldwide, in the acquisition of 100% of the capital of Pastificio Castiglioni, a high quality pasta maker company specializing in biological pasta products. Rummo Group is one of the largest Italian companies in the pasta market and it is now planning to expand into the bakery business.
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PGI's Renewable Energy team is actively representing Chinese PV modules manufacturers, investors and banks in the acquisition of PV projects in Italy. In order to best serve Chinese clients, PGI is launching a Chinese Desk based in Milan that will assist clients principally involved in Renewable Energy but also on general corporate matters.
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Gianfranco Puopolo and Angela Rinaldi have assisted Skytanking in the acquisition of two aircraft fuelling service companies in Italy. The companies, HUB Srl and PAR Srl, provide aviation fuelling services to ENI, Esso and Kuwait Petroleum at five airports in Italy. Under the contract Skytanking will purchase 100% of the shares in HUB abd PAR from the current owners Esso Italiana Srl, ENI Rete Oil & Non Oil SpA and Kuwait Petroleum Italia SpA. HUB and PAR provide into-plane fuelling services at Milan Malpensa, Rome Fiumicino, Milan Linate, Naples and Palermo airports, fuelling over 200,000 aircrafts per year and employing around 180 staff.
ENI, Esso and Kuwait Petroleum selected Skytanking after a competitive tender that ranked bidders on price, the quality of their proposal and into -plane fuelling expertise. Skytanking expects to finalise the aquisition in the coming weeks following the completion of a number of formalities.
This is Skytanking's first move into the aviation fuelling market in Italy and is a welcome addition to Skytanking operations in Germany, Belgium, France, Austria and Switzerland. With the purchase of HUB and PAR, Skytanking will be active in aviation fuelling at 26 airports in Europe, the USA and Asia.
Skytanking is a subsidiary of Marquard & Bahls AG of Germany, a leading independent petroleum company. Skytanking provides a full range of aviation fuelling services including engineering, building, owning and operating aviation fuel storage and hydrant facilities and providing into-plane services to airlines, airports and oil companies. The company is represented at 21 airports in Europe, the USA and Asia.