Alessandro Bavila

+3902776931

Alessandro Bavila

Partner  |  Maisto e Associati
JURISDICTION

Italy

TOP 3 AREAS OF EXPERTISE

Italian and cross-border taxation of HNWIs
Trusts and estates
Personal and estate planning

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Over the last year, my practice has been focused on advising high-net worth individuals on a number of mandates, including advising on family trusts, the transfer of residency to Italy under the recent new flat tax regime applicable to new Italian residents and on estate planning for foreign citizens.

What advice would you give rising stars/new lawyers in the private client world?

Challenge yourself, understand clients’ expectations, do not forget to network with your peers.

What is your favourite quote?

“In all things success depends on previous preparation, and without such previous preparation there is sure to be failure." Confucius.

When the restaurants reopen, where would you like to go?

Ceresio 7, Milano.

Where have you seen growth in your practice over the last year?

The covid pandemic has pushed many people, especially elderly, to consider making arrangements for estate and generational planning. Also, the implications of cross border smart working with tax residence issue has been a significant area activity.

What is the main area of growth you predict for the next 12 months?

I expect an even larger interest by individuals in taking up residence to Italy as a consequence of Brexit. Indeed, the new favorable tax regimes for individuals introduced in Italy a few years ago are attracting a large number of people who were before considering London as main destination. This applies both to those benefiting of the forfeit regime providing for a flat taxation of foreign income, but also to those highly specialised individuals who can benefit of a reduced taxation of employment income (this is coupled by the choice of certain companies, especially in the financial sector to strengthen local branches, including Milan, as a consequence of London losing its role of European hub due to Brexit).

Can you identify any new areas you have developed within your practice to further benefit your clients?

Though being a tax law firm, we have further developed expertise in non tax field for private clients. These include international succession and matrimonial issues and immigration aspects.


Raul-Angelo Papotti

+3902721571

Raul-Angelo Papotti

Partner  |  Chiomenti
JURISDICTION

Italy

TOP 3 AREAS OF EXPERTISE

Succession planning
International tax
Planning trusts

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Tax planning for a number of foreign trusts Trust and succession litigations.

How did you get into private client?

Curiosity...

What advice would you give rising stars/new lawyers in the private client world?

Study, study and study. Be curious about everything. Talk with people and listen to what they are saying. You always have something to learn. And when you learn something everyday, in 20 years time you won’t be a rising star anymore, but the sun.

What is your favourite quote?

I have two or three I think of on many occasions:
“When you pray for the rain, you have to deal with the mud too.”
“Do not forget those who helped you on the way up.”
“What I need does not cost any money.”

Do you have any outside interests or hobbies?

Golf and art.

When the restaurants reopen, where would you like to go?

Ristorante Bellavista in Surlej.

Where have you seen growth in your practice over the last year?

Lots of work I handled related to foreign trust with Italian beneficiaries as well as the Italian resident non dom regime. A substantial part of my work related to dispute resolution matters in trust structures, in civil or tax litigations.

What is the main area of growth you predict for the next 12 months?

Audits and dispute resolution. Also, the Italian resident non dom regime seems to maintain string appeal. The next 12 months will be about keeping up with the changes we see in the world. Quick adaptability is definitely one of the most salient aspects in this pandemic environment.

Can you identify any new areas you have developed within your practice to further benefit your clients?

Sport law (soccer – formula one – etc,) and immigration law.


Marco Cerrato

+3902776931

Marco Cerrato

Partner  |  Maisto e Associati
JURISDICTION

Italy

TOP 3 AREAS OF EXPERTISE

Personal and estate planning
Dispute Resolution
Tax

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

● Assisting a Swiss based private bank on a ruling procedure with the Italian tax authorities aimed at eliminating reporting obligations of Italian based clients in case of assets held abroad
● Review and set up of trust structures in light of CRS
● Advising a wealthy family on the set up of a Luxembourg regulated fond d’investissement alternatif réservé (RAIF) as a tax efficient vehicle to invest a complex portfolio
● Tax advice in connection to art and collectors
● Multi-jurisdictional voluntary disclosure procedures
● Advising individual clients moving to Italy under the recently introduced Italian res non-dom regime
● Review of global estate planning of an international family

How did you get into private client?

I started dealing with private clients at the very beginning of my professional career when I was involved in the defence of a wealthy family, with disputed assets across a number of vehicles outside of Italy, such as foundations, trusts and holding companies.

What advice would you give rising stars/new lawyers in the private client world?

Always find the right balance between a personal and professional relationship with your private clients.

What is your favourite quote?

“Learning never exhausts the mind." Leonardo Da Vinci.

Do you have any outside interests or hobbies?

Slalom skiing and spear fishing. I can fish 30 metres underwater without a tank!

When the restaurants reopen, where would you like to go?

Da Giacomo’s and Langosteria in Milan – great fish restaurants.

Where have you seen growth in your practice over the last year?

We have been increasingly involved in the set-up and re-structuring of family offices, especially by clients who moved to Italy under the res non dom forfeit regime.

What is the main area of growth you predict for the next 12 months?

I think there will be an increasing attitude of tax authorities in challenging trusts and holding structures as a consequence of exchange of information arising from DAC6 and CRS as well as due to the lack of tax revenues deriving from Covid-19.

What are three top tips for dealing with your clients remotely?

Be always available, organize regular meetings via video-conference, provide clients with alerts and informative material in order to keep them updated on the most recent legal and tax developments.


Andrea Moja

+39 0276007741

Andrea Moja

Partner  |  SLC Europe
JURISDICTIONS QUALIFIED IN

Italy

TOP AREAS OF EXPERTISE

I have over 25 years’ experience in trust and corporate law, successions and wealth planning, tax,
international cross-border transactions and major international arbitration.

Q&A

What has been the highlight of your practice over the past 12 months?

Trust and International Arbitration.

How did you get into private client?

I got into private client through private banks, family offices and others advisors(accountants, Law
firms etc.)

What advice would you give rising stars/new lawyers in the private client world?

To go as far as they can see and further as well as never stop learning.

What is your favourite quote?

“Push yourself, because no one else is going to do it for you.”

Do you have any outside interests or hobbies?

Travelling, scuba diving, skiing and reading.

When the restaurants reopen, where would you like to go?

Sushi restaurants.


Alberto Brazzalotto

+39 02 776931

Alberto Brazzalotto

Associate  |  Maisto e Associati
JURISDICTIONS QUALIFIED IN

Italy

TOP AREAS OF EXPERTISE

Italian and cross-border taxation of HNWIs
Trusts and estates
Tax optimization of estate planning

Q&A

What has been the highlight of your practice over the past 12 months?

Advising high-net worth clients moving to Italy under the new Italian forfeit tax regime.
Working for a multi-jurisdictional family to set up a new succession structure.
Assisting an Italian entrepreneur on the tax optimisation of estate planning and changes of ownership structures.

What advice would you give rising stars/new lawyers in the private client world?

Provide your clients with thorough and up-to-date advice in a straightforward and user-friendly manner, easy to understand. Clients assume you know the law – they look for an adviser who can explain it and provide solutions to their needs.

What is your favourite quote?

“Rule your mind or it will rule you.”


Giorgia Zanetti

+39 02 776931

Giorgia Zanetti

Associate  |  Maisto e Associati
JURISDICTIONS QUALIFIED IN

Italy

TOP AREAS OF EXPERTISE

Italian and cross-border taxation of HNWIs, trusts and estates
Personal and estate planning

Q&A

What has been the highlight of your practice over the past 12 months?

Contributing to the design and set up of a family office for an important family with an estate of above 1bln $.
Assistance in the analysis of Italian tax implications related to a succession of a US-Italian citizen, including the analysis of several US family trusts settled by the ancestors of the deceased.

What advice would you give rising stars/new lawyers in the private client world?

Listen to your client and be emphatic, study hard and be innovative.

What is your favourite quote?

γνῶϑι σεαυτόν (Know thyself)