A new twist in the battle over Telecom Italia

The soap opera-like battle for control of Telecom Italia continues, with another twist Monday morning. A judge from the business section of the Court of Milan agreed with the company and its biggest shareholder, the French company Vivendi, to block board replacements that had been requested by the investor fund Elliott.

Elliott has been demanding the replacement of Vivendi’s directors. But after it made its demands, the entire board resigned, which would trigger new elections according to company bylaws. The judge agreed with Vivendi and Telecom Italia, saying that the entire board must stand for election, rather than the more piecemeal solution requested by the investor group.

In addition to its in-house lawyers Frédéric Crépin and Caroline Le Masne De Chermont, Vivendi was assisted by the law firm of Chiomenti (with lawyers Filippo Modulo, Andrea Bernava, Silvio Martuccelli and Marco Maugeri) and by the U.S.-based  Cleary Gottlieb (with the lawyers Giuseppe Scassellati , Ferdinando Emanuele, Paolo Rainelli and Roberto Argeri).

TIM’s board of directors was assisted by lawyers Francesco Gatti, Carlo Pavesi, Luigi Arturo Bianchi, Stefano Verzoni, and Andrea Zoppini.

A new twist in the battle over Telecom Italia

Leave a Reply

InhousecommunityUS.com

is the international magazine, in English, that covers legal and inhouse affairs in the United States, through experiences beyond Italy’s borders to reach overseas destinations and all over the world.

For more information, visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram