Umberto worked for leading UK and US law firms, before joining Osborne Clarke and in over 25 years’ experience, he has acquired extensive and specific expertise in the corporate-finance sector, while regularly sitting on the board of Italian and European institutions as an expert on alternative finance.
He is the Head of the Italian Financial Services team and Head of Osborne Clarke International’s Alternative Finance group. His experience spans extraordinary finance transactions - including M&A, private equity and equity/debt capital market - and financial regulation, in particular as far as regards alternative forms of finance and Fintech.
Umberto advises Italian and international clients and multinationals, financial institutions, and investment funds on issues of financial regulation and compliance as well as on their extraordinary transactions. He has also developed specific expertise in payments systems and alternative finance in the ambit of which he advises equity and lending crowdfunding platforms, payment institutions, electronic money issuers and Fintech players.
Since 2014, he has represented Italy in the European Crowdfunding Stakeholders Forum, a group of experts selected by the European Commission to provide legal advice to the Directorate General “Internal Market”. He is a member of the Technical Committee for Credit & Finance of Assolombarda, as Head of the Alternative Finance and Capital Market Union sectors, and a member of the Technical Committee of Associazione dei Prestatori dei Servizi di Pagamento – the Italian Payment service providers association - with the task of following the development of the financial service regulations.
He regularly speaks at leading industry conferences and recently provided training to the Italian Finance Police School on matters related to PSD2, Anti Money Laundering and Fintech regulations. Umberto is the author of over 50 publications on alternative financing and two books:
- “La regolamentazione del FinTech. Dai nuovi sistemi di pagamento all’intelligenza artificiale” (ed. Giappichelli, 2020)
- “Il Crowdfunding in Italia. Una regolamentazione all'avanguardia o un'occasione mancata?” (ed. Giappichelli, 2013)
Named as top tier finance lawyer by Legal 500 in 2018, 2019, 2020 and 2021 for his particular expertise in financial regulation in relation to alternative forms of finance, payments and Fintech. Umberto Piattelli is a Leading Individual in the Banking & Finance: Bank regulatory practice area.
Helping you succeed in tomorrow's world
Heading up the Italian financial service sector means being involved in a continuing merge amongst new technologies, digitalisation, and innovative financial services. The latest technological advancements require laws and regulation update on a yearly basis to allow a regulated and safe development of new financial services aimed at helping consumers and corporations in their day-to-day business and life.
Advised this Portuguese multinational, manager of 27 shopping centres worldwide, in its purchase of the majority shareholding of the company Galleria S.r.l.
Bluefield Partners LLP
Assisted Bluefield in the negotiation of the investment and shareholders agreement with Arcano and in the setting up of the Italian holding and corporate structure for the launch of an Italian Co-Investment “special situation” vehicle, focused on Italian operational solar assets.
Advised he fantasy football-management game that unites sport and fintech in a single app, in the preparation of all documentation in support of the IIO, in drafting the contractual documentation and on regulatory issues connected with the setting up of the platform and the interface for the use of cryptocurrencies.
Advised the Maltese asset management company in the creation of the Italian “Hubble Capital Fund”, an alternative investment fund, reserved to institutional investors, that provides finance for Italian SMEs.
Advised BrickUp, a new equity crowdfunding platform that allows investors access to prestige real estate projects, on regulatory issues including obtaining the relevant CONSOB authorisation.
Advised the Ströer group, listed on the Frankfurt stock market and specialising the in the out-of-home media sector, in its acquisition of 51% of Dea Holding.
Advising SharingRate, an innovative Italian startup, on the creation of the first Italian lending crowdfunding platform dedicated to loans to employees of business partners.
Advised the client, a company specialising in the distribution of food and drink, and in particular a leader in the vending machine sector, in its acquisition of SO.GE.D.A. Piemonte S.r.l..
Acsm Agam S.p.A
Advised on the corporate and capital markets aspects connected with the lease of two hydroelectric power plants located in the province of Como entered into with A2A S.p.A.
Advised on the creation of one of the first ever entirely Italian lending crowdfunding platforms – Re-Lender – dedicated to the lending for industrial reconversion projects and real estate projects.
Advised the shareholders in the sale of 100% of the company share capital to Retelit Digital Services S.p.A, one of the leading Italian providers of digital services and infrastructures on the telecommunications market, controlled by Retelit S.p.A., listed on the Milan Stock Exchange, STAR segment.
Advised the client, a company forming part of the French EDF group, in the launch of its lending crowdfunding platform, Edison Crowd, reserved to the promotion of projects connected with the management of energy.
Assistance in the procedure to obtain the CONSOB licence for the creation of the new equity crowdfunding platform, Concrete Investing, and in the relevant compliance work.
Banca Sella Holding S.p.A.
Advised in the acquisition of Smartika SpA, the first company to operate in Italy in the peer-to-peer lending sector.
Advised the client, a global leader in the production of fluorinated and technical polymers, on its sale to Daikin Industries Ltd of its entire share capital.
Advised in the cross border acquisition of the Light Metal Casting Solutions Group which also owned the leading Italian companies, Italpresse and Gauss.
Advised on the listing of the company shares on the AIM Italia - the alternative capital market organised and and managed by Borsa Italiana S.p.A.
Advised founding partners and company in the investment in capital by Dompè Farmaceutici and the Italian Institute of Technology.
eClerx Services Limited
Assistance in the acquisition, through a vehicle company, of the entire share capital of CLX Europe S.p.A., a company leader in the creation, management and multi-channel distribution worldwide of multimedia contents.
Advised on the contractual and regulatory aspects relating to the creation of the lending crowdfunding platform managed by Lendix (now October), including the relations between the French payment institute Lemonway (managing payment transactions made through the platform) and the Bank of Italy.
Advised X-Next, an innovative startup using revolutionary spectroscopic technology, in its crowdfunding campaign.
Advised JPMorgan on the SEPA migration Regulation.