Alessandro Salvador is counsel in charge of the Litigation practice of the Milan office.
His litigation experience in Italy is diverse and includes work on banking and financial services matters, securities litigation, M&A litigation, insurance, real estate and other commercial matters. He also has experience with investigations focused on banking and financial entities in connection with white-collar and sanctions issues involving Italian regulatory authorities.
Alessandro represents Italian and foreign companies and individuals before courts and arbitration panels, as well as in cross-border litigation, on matters dealing with company law, business law, financial and banking law, insurance law, real estate law, insolvency and regulatory enforcement.
- An Italian listed company and its controlling shareholders in a complex litigation against some former shareholders and directors of its fully-owned subsidiary in three separate legal proceedings before the Tribunal of Milan. The dispute at hand involves a number of corporate legal issues regarding the breach of the representations and warranties under a share purchase agreement, the breach of a shareholders’ agreement, the violation of the former directors’ duties under general law provisions and separate agreements entered into by the parties and the enforcement of a share pledge agreement and the consequences of the alleged breach of such agreement in terms of exercise of shareholders’ rights. Our legal advice also includes assistance in dealing with corporate issues such as representation of clients in shareholders meetings and assistance in preparing Board of Directors meetings and drafting meetings minutes.
- A major Italian independent industrial group (which is the world’s leader in the production of automated machinery for the tobacco industry) against a listed intellectual property company in arbitration proceedings before the Chamber of Arbitration of Milan. Our client alleged that the defendant breached its obligations under the “Research and Development Contract” entered into by the parties and sought to obtain the restitution of the consideration paid as well as damages recovered. In turn, the defendant claimed that the plaintiff breached its duty to act in good faith and sought compensation for damages. A settlement agreement was reached in 2017 and the arbitration proceedings were discontinued.
- A listed company in a post-merger case initiated by some minority shareholders of its subsidiary, merged into the same listed company. The plaintiffs are claiming damages for an alleged violation of the mandatory provisions governing mergers and for the purported disproportion of the shares exchange ratio.
- A major Italian listed bank in two liability lawsuits brought against some former executives and for tortious liability against two international banks, for having devised and arranged two structured repos, which were intended as alleged illegal complex financial transactions aimed at concealing losses accrued on other financial instruments. Damage claims exceeded €1.2 billion.
- A major Italian listed bank in several lawsuits before various Italian Courts or in pre-contentious claims brought by some of its shareholders and other investors claiming damages in relation to alleged misrepresentations in the bank’s prospectus for capital increase, including a class action, which was the first prospectus misrepresentation class action claim ever brought before Italian Courts.
- A major Italian listed bank in a civil lawsuit for damages in tort brought against the national consumer association, which over the course of 2013 allegedly made slanderous remarks concerning the reorganization plan of the bank and the admission to the state aid procedure.
- An Italian independent construction and engineering group in a bundle of complex litigation proceedings for a price adjustment claim related to the purchase of a railway business. The proceedings involved two interim measures, granted by the Tribunal of Milan upon our request, to inhibit and restrain the enforcement of a first bank guarantee issued in favor of the seller to secure the payment of the provisional price.
- Neon Italia S.p.A. before the Appellate Courts of Milan as counsel to its bankruptcy in a liability action against the company’s former directors, shadow-directors and statutory auditors for damages caused to the company and its creditors.
- Old Mutual Wealth Italy S.p.A. in a variety of cases before Italian Courts, related to the sale and distribution of its unit linked policies to affluent individuals. These positions often involve cross-claims with the intermediary (insurance agency, brokers, banks) in charge of distribution of products.
- A formerly listed major Italian leasing bank, in various cases started by retail and institutional investors against the bank for the alleged falsity in its prospectus, financial statements and in price-sensitive communications to the market in relation to misinformation on complex financial derivative instruments traded by bank.
- An Italian listed company operating in the renewable energy field summoned before the Tribunal of Milan in its capacity as holding company. This complex litigation was started by a foreign client of a subsidiary of the listed company. The plaintiff sought to recover damages allegedly suffered as a consequence of the discontinuance of the business of the subsidiary and related alleged breach of contract.
Università degli studi di Siena - Facoltà di Economia "Richard M. Goodwin"
Ph.D in Banking and Financial Law
University of Oxford
Faculty of Law, Academic Visitor
Università Cattolica del Sacro Cuore di Milano
Faculty of Law, Milan, LL.B. (Bachelor degree in jurisprudence), cum laude