We are pleased to announce that GA has been included in the Energy & Infrastructure 2025 – Italy & Latam Directory, published by Legalcommunity.

This recognition underscores our firm’s established expertise in a strategic and constantly evolving sector, with notable rankings in the following practice areas:

M&A – Highly Recommended (Francesco Sciacudone – Highly Recommended, Adriano Pala – Recommended) Administrative & Environmental – Excellent (Francesco Sciaudone – Elite) Litigation – Highly Recommended Regulatory Antitrust – Elite (Andrea Neri – Excellent, Francesco Sciaudone – Elite) Energy Efficiency – Excellent (Francesco Sciaudone – Excellent) Renewables – Highly Recommended (Francesco Sciaudone – Highly Recommended) Utilities – Elite (Francesco Sciaudone – Elite)

We extend our gratitude to Legalcommunity for this important acknowledgment and congratulate all our professionals for their continued commitment to providing high-level legal counsel to our clients.

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SALC Law firm in Stockholm, Sweden, a member of the GA, acting through lawyers Dan Engström and Elin Nilsson, have successfully represented the Republic of Moldova in an Investor-State dispute.

On February 14, 2025, the Svea Court of Appeal in Stockholm, (Sweden), rejected the application filed by Komaksavia Airport Invest Ltd (“Komaksavia”) against the Republic of Moldova regarding the set-aside of an arbitral award of August 3, 2022, issued by an arbitral tribunal under the Rules of the SCC Arbitration Institute (previously the Arbitration Institute of the Stockholm Chamber of Commerce).The dispute began following Komaksavia's claims regarding its alleged investment in Avia Invest SRL, the – at that point in time -  concessionaire of Chisinau International Airport. In May 2020, Komaksavia initiated arbitration against the Republic of Moldova, claiming that the state had acted discriminatory and in breach of it’s undertakings under the BIT, interfered with Komaksavia’s alleged investment, which the Republic of Moldova contested. In August 2022, the arbitral tribunal found that Komaksavia had not made a protected investment under the bilateral investment treaty  (between the Republic of Cyprus and the Republic of Moldova) and dismissed Komaksavia’s claim on the basis of lack of jurisdiction.The losing party Komaksavia brought the matter to the Svea Court of Appeal for revision under the Swedish Arbitration Act, claiming that the award should be set-aside.

The Svea Court of Appeal however fully accepted the position of the Republic of Moldova, represented by SALC LAW FIRM,  and ordered Komaksavia to pay all the state's legal cost

The client, the Republic of Moldova, has expressed its great satisfaction over the representation and outcome of the matter. SALC is, of course, very satisfied with the outcome even if there is room, limited but still room, for the Swedish Supreme Court to grant leave to appeal.

We are proud to announce that our Partner Ilario Giangrossi has won the award as Lawyer of the Year in Finance Litigation at the Legalcommunity Finance Awards 2025, with the following motivation: "The lawyer is one of the most renowned and respected litigators in the finance sector, with a solid track record of handling high-stakes disputes and representing some of the industry's leading players."

Congratulations to our esteemed Partner and the entire team!

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We are pleased to announce that GA has been recognized as one of the top law firms in the prestigious Corriere della Sera ranking for 2025.

This important recognition reflects our continuous commitment to innovation, human resources management, and sustainability.

A Prestigious Contest

The Corriere della Sera contest, now in its second edition, saw increased participation compared to 2024, with over 200 law firms nominated. Of these, 71 were included in the "Top Ranking" category and 85 in the "Law Firms of the Year 2025" category. The Ranking Professioni scientific committee, chaired by Professor Umberto Frigelli from the Università Cattolica of Milan, used multidisciplinary evaluation criteria to select the most deserving law firms.

Evaluation Criteria

Our law firm was evaluated based on a series of parameters that reflect the critical success factors of a modern law firm. These include:

Revenue and Growth Trends: Our ability to generate value and grow over time has been a key element of our success. Number of Operational Offices and Active Clients: Our widespread presence and the trust of our clients are a testament to our stability and reliability. Human Resources: Attracting and retaining talent is at the heart of our strategy. We constantly invest in the training and professional development of our team. Innovation: We are at the forefront in adopting new technologies and legal-tech, enabling us to offer increasingly efficient and personalized services. Online Presence: Our active presence on social media and the adoption of flexible work practices allow us to remain close to our clients and respond quickly to their needs. Sustainability and ESG Criteria: We are committed to initiatives in support of the environment and society, following strict ESG (Environmental, Social, and Governance) criteria.

Our Commitment

The recognition from Corriere della Sera is a confirmation of our commitment to excellence. We will continue to work with dedication to maintain and improve our standards, providing our clients with high-quality legal services. A special thanks also goes to our clients and our team, whose support and dedication are essential to our success.

Faces and Stories of GA

Through this initiative, “Faces and Stories of GA,” we invite you to step behind the scenes of our firm to discover the distinctive blend of human and professional qualities that define GA.

Using the voices of our professionals, we will delve into the most significant moments of their careers, the motivations that drive them, and their insights on the laws and changes shaping our industry.

Today, we are pleased to introduce you to Palawi Bunnag, Partner at ILCT Ltd.!

Palawi is at the cutting edge of business development in Thailand and surrounding regions. She holds two distinguished law degrees from a reputable Thai university and a prestigious UK university. Armed with her training in the common law and civil law and international business transactions, she has been dedicating her career to foster the development of cross-border trades and direct foreign investments for more than two decades.

What has been the most rewarding moment of your career so far?

There have been several rewarding moments, but I think one of the most rewarding moment of my career is to be receive several awards, including but not limited to being  ranked on the A-List Top 100 lawyers in Thailand by Asia Business Law Journal for 3 consecutive years and awarded as a “highly recommended lawyer” by Legal 500, as well as, helping the firm to achieve the top 10 law firm ranking in the M&A capital market section. 

What has been the most interesting or important case you have handled?

It’s hard to pick just one, but one case that stands out is the conversion of a property fund to a REIT, which was the first of its kind in Thailand. This was a landmark transaction for the Thai capital markets, and it required a deep understanding of both local regulations and international financial laws.  More recently, I had been involved in designing the eco-system of the Real Estate ICO laws with the Securities and Exchange Commission, Thailand and managed to obtain a licence for a real-estate backed ICO Portal for a client. These projects stand out because they represent the intersection of legal expertise with cutting-edge business and technology.  All M&A cases and other cases are unique and interesting, especially when we have to negotiate with the other parties on behalf of the client in order to safeguard their interests.

What recent legislative changes in your country have had a significant impact?

A few recent legislative changes have really reshaped the investment landscape. The Board of Investment regulations have been periodically amended to attract investors and promote specific industries.  The Digital Asset Business Act is one that’s having a big impact, especially in the FinTech sector. It’s providing much-needed clarity on the regulation of digital currencies, ICOs, and blockchain-based businesses, which is opening up new opportunities in Thailand. Additionally, the tax regulations have also been revised regularly based on the current government’s policies.  Not to mention immigration laws such as visa exemptions and long-term residence (LTR) visa in order to support foreigners who wish to reside or work in Thailand. 

Faces and Stories of GA

Through this initiative, “Faces and Stories of GA,” we invite you to step behind the scenes of our firm to discover the distinctive blend of human and professional qualities that define GA.

Using the voices of our professionals, we will delve into the most significant moments of their careers, the motivations that drive them, and their insights on the laws and changes shaping our industry.

Today, we are pleased to introduce you to Maddalena Boffoli, Partner at GA!

See her profile: Link

What has been the most rewarding moment of your career so far?Every time a client expresses gratitude for the support and guidance I have provided—especially when working alongside my team—is deeply rewarding. Knowing that I’ve made a meaningful impact on someone’s life or business is what makes this profession truly fulfilling.

What inspired you to become a lawyer?I have always aspired to be a lawyer. My motivation stems from a deep-seated instinct to protect and advocate for those who place their trust in me, as well as the intellectual challenge of finding the right solution. As Albert Szent-Györgyi famously said, "Discovery consists of seeing what everybody has seen and thinking what nobody has thought."

What are the most important current laws affecting potential investors in your country?Rather than a specific law, the key factor for potential investors is the current political and economic stability, which plays a crucial role in fostering a secure and favorable investment environment

GA Expands into Armenia with the Addition of Legelata LLC to the Alliance

GA, an international law and tax firm with 12 offices in Italy and direct offices in New York, Lugano, Brussels, London, and Paris, and professionals present in over 70 jurisdictions, led by Managing Partner Francesco Sciaudone, further strengthens its presence in Asia with the addition of LLC Legal and Tax to the Alliance, to assist clients in Armenia.

Legelata – GA’s new partner – based in Yerevan, is one of the leading law firms in Armenia. With the new partnership, GA will be able to assist clients in various practice areas, including banking & finance, M&A, litigation and arbitration, intellectual property, and tax law.

GA aims to become a reference point for international clients interested in the Caucasus region. Armenia's strategic location, at the crossroads between Europe and Asia, makes it a highly relevant market for international investments, particularly in technology, manufacturing, and infrastructure sectors.

“We are very pleased to welcome the qualified professionals of Legelata and the opportunity to start operations in Armenia. This is an important growth for GA, which aims to increasingly offer a one-stop shop for clients seeking to grow in international markets,” said Francesco Sciaudone, Managing Partner of GA.

GA (Grimaldi Alliance) Expands into Africa with a New Partnership in Angola through FBL Advogados

GA, an international law and tax firm with 12 offices in Italy and direct branches in New York, Lugano, Brussels, London, and Paris, as well as an active network spanning over 70 jurisdictions, led by Managing Partner Francesco Sciaudone (pictured), continues to strengthen its presence in Africa through a partnership with FBL Advogados in Angola.

FBL Advogados – GA's new partner – is Angola's leading law firm. Established in 2004, it is recognized for its international strategic vision and an impressive track record in cross-border transactions with global players. With a senior and highly experienced local team, GA will now be able to assist clients in Angola across key areas such as Corporate, M&A and Private Equity, Natural Resources Law, Oil & Gas, Energy and Mining, Real Estate, Property Law and Land Use, Administrative and Tax Law, Employment Law, and Litigation and Arbitration.

Angola, one of Africa’s most dynamic economies, has recorded an average GDP growth rate exceeding 3% over the past five years, becoming a strategic hub for investments in sectors such as energy, natural resources, and infrastructure. The growth prospects in Angola and the region offer GA and its clients a rapidly expanding market.

“The inclusion of FBL Advogados in GA represents a pivotal step in our strategy to expand into the African market,” said Francesco Sciaudone, Managing Partner of GA. “GA reaffirms its role as a strategic bridge for companies seeking to expand their activities internationally. Our presence in Angola will enable us to further enhance our ability to support businesses entering the African market, providing them with tailored legal support rooted in a deep understanding of the local context.”

Faces and Stories of GA

Through this initiative, “Faces and Stories of GA,” we invite you to step behind the scenes of our firm to discover the distinctive blend of human and professional qualities that define GA.

Using the voices of our professionals, we will delve into the most significant moments of their careers, the motivations that drive them, and their insights on the laws and changes shaping our industry.

Today, we are pleased to introduce you to Mallika E.S Margherita, Partner at ILCT Ltd.!

Mallika, a Thai national of Italian heritage. She is a lawyer of a bilingual background. Having grew up in a bilingual environment, Ms. Mallika possesses unique and rare multicultural knowledge. She graduated LLB from a notable Thai university along with an LLM from a US law school. Following her education, she has been practicing law for more than three decades.

What is the most important advice you would give to someone starting this career?

The most important advice I would give to anyone starting a legal career would be to really understand the world around you, not just the law. Law isn’t just about knowing the rules, it’s about understanding people, cultures, and how businesses operate.  In today’s interconnected world, it’s incredibly important to be able to navigate different legal systems, especially in cross-border work. Being bilingual or multilingual is a huge advantage, as it allows you to bridge cultural and legal differences. Don't be afraid to take on challenges, whether that’s a complex cross-border deal or adapting to new legal developments. Law is constantly evolving, so being flexible and willing to learn is key.

What was your main motivation for becoming a lawyer?

I think my motivation came from a mix of curiosity and a desire to make a real impact. Growing up in a bilingual environment, I was naturally drawn to the idea of working across cultures. I wanted to use my legal skills to help people and businesses from different parts of the world. I enjoy the challenge of solving complex problems, particularly when it means opening doors for others in a new market. It’s incredibly satisfying to assist clients in overcoming legal barriers and achieving success in a foreign market.

What are the most important current laws affecting potential investors in your country?

For anyone looking to invest in Thailand, the Foreign Business Act is one of the most important laws to keep in mind, especially because it restricts foreign ownership in certain sectors. But there are ways to work around these limitations, especially if you’re working with Thai partners or using other structures that the law allows. The Board of Investment (BOI) is also a key resource for foreign investors. They offer incentives like tax exemptions and other benefits, depending on the sector you’re investing in—especially in tourism, manufacturing, and tech. Additionally, if you’re considering real estate, there are restrictions on foreign ownership, and the rules can get a little complicated, so it’s always wise to seek legal advice.

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