On 20 February 2025 DG Competition has published a new ex post evaluation study on the effectiveness of antitrust remedies imposed or accepted by the European Commission over the past 20 years under Articles 7 and 9 of Regulation 1/2003.

The ex post evaluation of twelve significant remedy cases suggests:

While most remedies were fully implemented, fewer than half in the selected sample were fully effective in achieving their goal. Purely behavioral remedies were less likely to be both fully implemented and effective than other forms of remedies. Implementation and effectiveness seem to have improved over time.

Further findings and the recommendations are provided in a factsheet.

The study was prepared by a consortium led by the law firm GA and the economic consultancy Nera supported by monitoring trustee Thomas Hoehn and Prof. Peter Whelan.

DG Competition will host on 27 March 2025 an expert online workshop with the authors of the study and leading experts on antitrust remedies to discuss both the findings and the recommendations of the study. The Webex link will be shared with participants a few days before the event.

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Programme

12:00 Welcome, Thomas Deisenhofer (DG Competition)  12:05 – 12:45 Presentation of the study by the authors Francesco Sciaudone (Grimaldi Alliance) Nicola Tosini (Nera) Thomas Hoehn (Monitoring trustee)  12:45 – 13:25 Expert discussion on the main findings and recommendations of the studyModerator: Damien Gerard (Belgian competition authority)Discussants: Vanessa Turner (BEUC) Justin Menezes (Monitoring trustee, Forvis Mazars) Bernd Meyring (Linklaters)  13:25 – 13:30 Concluding remarks, Thomas Deisenhofer (DG Competition)

The concept of sustainability is becoming increasingly tangible, both for businesses and at the national and European levels. Acting according to an ESG strategy is no longer just an ethical choice but a necessity for corporate survival and competitiveness.

Authorities are working to create and expand a regulatory framework aimed at providing clear rules, common objectives, a uniform market, and fair competition at both national and international levels.

From the Sustainable Development Goals to corporate social responsibility, what are the obligations for companies, and what strategic opportunities and benefits do they offer? What is the current regulatory framework, and what new developments are on the horizon?

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25 March 2025 - 15:00

Sustainability is no longer just an ethical choice but a strategic lever for corporate competitiveness.Our Partner, Gianluigi Serafini, will analyze the ESG regulatory framework and the opportunities for businesses.

Agenda

ESG Regulations: Obligations and Opportunities for Companies Corporate Governance and Compliance Sustainable Transition: Tools and Strategies

GA e Stelva Group are pleased to invite you to the workshop on crucial topics such as environmental sustainability, social justice, and ethical governance.

Imagine a future where art and sustainability come together to create a better world.Discover how art can inspire change and contribute to a fairer and more responsible world.SPEAKERS

Arianna Bonaldo - Lawyer and Chartered Accountant Francesco Cascino - Art Director of Art Thinking Project Andrea Mognon - CFA Head of Asset Management at Banca Zarattini & Co. Carlo Cugnasca - Chartered Accountant, partner Ga Elisabetta Cugnasca - Head of IR Interpump Group and Honorary President AIR

Gianvirgilio Cugini - Moderator, Managing Partner Stelva Group

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We are proud to support the Festival of Law and Economics (A.A. 2024/2025), a premier event fostering dialogue on the intersection of law, economics, and innovation.

On March 17-18, 2025, industry leaders, academics, and professionals will gather to explore the evolving role of law in a rapidly changing economic and technological landscape.

Francesco Sciaudone, Managing Partner of GA, will take the stage on March 18 at 6:00 PM for the Public Law Panel:The Future of Public Administration, Diplomacy, and the Relationship Between Institutions, Supranational Authorities, and New Technologies."View the agenda

PROGRAMMA-FESTIVAL-DEL-DIRITTO-E-DELLECONOMIA-2-EDIZIONEDownload

GA is pleased to highlight the presentation of the book "Governare le fragilità", co-authored by our Of Counsel, Prof. Bernardo Giorgio Mattarella, alongside Roberto Garofoli, and published by Mondadori.

The volume offers a thorough analysis of the vulnerabilities affecting Italy’s institutional and economic framework, outlining strategic approaches to reinforce national security and enhance competitiveness. The event will bring together distinguished speakers from the legal, institutional, and academic sectors for a discussion on these critical themes.

📅 Date: Friday, March 14, 2025📍 Location: The Dome, Luiss Campus, Viale Romania 32, Rome

Agenda Opening Remarks Paolo Boccardelli – Rector, Luiss Guido Carli Moderator Monica Maggioni – Editorial Director, Rai Discussion Panel Raffaele Fitto – Executive Vice President for Cohesion and Reforms, European Commission Paolo Gentiloni – European Commissioner for Economic and Financial Affairs Closing Remarks by the Authors Roberto Garofoli – President of Section, Council of State Bernardo Giorgio Mattarella – Full Professor of Administrative Law, Luiss Guido Carli & Of Counsel at GA

This event represents a valuable opportunity to engage in a high-level discussion on governance, public policy, and institutional resilience.

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GA Sponsor of the event

The meeting is organised to offer investors and listed companies the opportunity to learn more about the importance of using investor relations effectively, to make them a key tool for attracting new investors also in light of the launch of the Fund of Funds.

About this event

16:30 Accreditation17:00 Institutional AddressHon. Giulio Centemero – Member of Parliament, Member of the 6th Finance Committee, Chamber of Deputies – Regulatory developments for the competitiveness of the European capital market and the National Strategic Fund initiative

Roundtable Discussion

Anna Lambiase – CEO, IRTOP Consulting – Strengthening the leadership of Small & Mid Caps in equity markets in light of the Fund of Funds Prof. Marco Giorgino – Professor of Corporate Finance and Global Risk Management, Politecnico di Milano – Climate reporting and investor engagement Matteo Serio – Partner, AcomeA SGR – Savings, Enterprises, Market: Italian SMEs for growth and diversification Gianluigi Serafini – GA – Listing on EGM as a tool for business enhancement: the efficiency of the governance model Maria Ameli – Head of Wealth Advisory, Banca Generali – The role of Artificial Intelligence in wealth management: the Banca Generali model

Investors' Roundtable

Small-Mid Cap Asset Allocation PolicyHow investor relations can attract new asset managers in light of the "Fund of Funds" small-mid cap project FIDELITY INTERNATIONAL LTD – TBC MOMENTUM – Gianluca Pediconi, Partner SYMPHONIA SGR – TBC

18:30 Aperitif

To register click here

We are honored to announce that GA has been ranked in Chambers Global 2025 for Dispute Resolution. This recognition underscores our Firm’s dedication to providing exceptional legal services and strategic representation in complex disputes.Firm Ranking – Dispute ResolutionGA has been recognized for its expertise in handling a wide range of disputes, including contractual, banking, and insolvency-related litigation. Our team assists high-profile national and international clients from key sectors such as banking and telecommunications and is also active in arbitration and alternative dispute resolution.

Individual Recognition We are particularly proud that our Partner, Ilario Giangrossi, has been ranked in the Global Rank for Dispute Resolution. He is widely respected for his expertise in insolvency litigation, damages claims, and contractual disputes, including joint venture agreements.We extend our sincere gratitude to our clients for their invaluable feedback and to Chambers and Partners for their meticulous and insightful evaluation. A special thank you to our team—your dedication and commitment continue to inspire us.

On February 3, 2024, GA participated in the event organized by Confindustria Salerno, dedicated to market listings and alternative finance solutions for SMEs.

Our Partner, Francesco Pellone, took part as a speaker, providing an in-depth analysis of the opportunities offered by financial markets, with a particular focus on strategies to drive sustainable growth and facilitate business succession planning.

Accessing instruments such as market listings, private equity, and alternative finance represents a strategic opportunity for SMEs aiming to enhance their competitive position and ensure long-term business continuity.

However, successfully navigating these processes requires structured planning, thorough risk assessment, and compliance with an evolving regulatory landscape.

At GA we support companies throughout every stage of this journey, offering strategic advisory and legal assistance in:

Structuring extraordinary finance transactions Managing stock market listing processes on regulated and alternative markets Private equity and venture capital operations Corporate governance and regulatory compliance Invito-Evento-Confindustria-Salerno-3-febbraio-2025_IPO-e-passaggio-generazionaleDownload

We thank Confindustria Salerno for promoting this valuable opportunity for discussion and all the participants who contributed to the success of the event. GA will continue to support businesses in seizing the opportunities offered by financial markets, ensuring a tailored approach to meet the specific needs of each company.

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.