Italy: From 'golden share' to 'golden powers'

Regulatory Update

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By way of Italian Law Decree No. 21 dated 15 March 2012, subsequently passed, as amended, by Italian Law No. 56 dated 11 May 2012, Italy issued innovative rules and regulations on the State's intervention powers in the event of extraordinary transactions concerning companies doing business, as the case may be, in the defence and national security, and in the communications, energy and transports strategic sectors.

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