The Department's Attorneys have considerable experience in the financial field. They have assisted some of the major national and international banks and financial brokerage firms of Europe and drafted loan agreements in offerings and placements of financial instruments, including derivatives and highly sophisticated financial products.

In particular, the Firm provides assistance with every legal aspect of the financial transactions, such as debt and equity offerings, all types of guarantees, placement agreements, marketing of shares of collective investment undertakings, Sicav shares, swap contracts, issuing of shares and others stock financial instruments, offering of equity linked or reverse convertible financial products, leveraged buy-out contracts, equity and quasi-equity financing, cash pooling contracts, phone and internet banking, project financing operations, leasing and factoring arrangements, agreements, restructuring of distressed debt, securitization, currency rate and interest rate hedging.

The Firm has also significant expertise in Corporate and structured Finance having conducted research and analysis on credit securitization issues, asset backed securities and the relationship among originators, arrangers, issuing and/or selling broking firms.

The Firm's activities include: due diligence execution and drafting of relevant contracts as credit purchase and sale, receivable purchase agreement, credit management contracts, servicing agreements, liquidity agreements, investment contracts, credit enhancement.

Moreover, the Firm analyzes and manages all aspects relative to the issuing and placement of financial instruments from credit securitization operations ; it arranges informative prospects and offers documentation, relying on its links with control authorities.

Regarding project financing initiatives, Tonucci & Partners usually provides assistance to both financial institutes and project promoting firms on all the main phases of project financing, either private-contractual:

1. Due diligence execution and implementation; negotiation of agreements among involved subjects (i.e.: creation of newco, Ati or consortium); drafting related contracts (i.e.: tenders contracts, marketing and supplying contracts, etc..) as set out in the documents representing the financial backbone of the operation (loan agreement and connected financial documents); and structuring the security package and risk matrix.
   
   
2. As for the public aspects of project financing according to the Law 109/1994, the firm assists in: operation planning and compatibility with other administrative planning and programming instruments; evaluation of promoter's proposal; tender's procedure for structuring and managing the operation; public acts of grant; incorporation of the project financing company; other relations between public administration and licensee.

In the insurance sector, the Department has assisted major investment funds and insurance companies in setting up Italian operations, reviewing their marketing strategies and operations to conform to Italian regulations. The firm has also advised EU-based insurance providers on how to market insurance and unlinked products in Italy without necessarily creating permanent establishments.

The Firm's consulting on banking and insurance matters normally involves assistance in dealing with regulatory agencies (such as CONSOB, COVIP, BANK OF ITALY, ISVAP, Antitrust and Data Protection Authorities).