Amilcare Sada
Partner
Milan
Amilcare Sada
Partner
Milan
Contact Details
Amilcare is an experienced litigator whose practice focuses on domestic and cross-border disputes and regulatory investigations. He advises financial institutions and large corporates on a wide range of finance, restructuring, insolvency, product liability and commercial disputes.
His regulatory investigations practice includes assisting leading financial institutions on matters raised by domestic and international financial services authorities (Consob, Bank of Italy, FSA and FCA) and criminal investigations and trials, co-ordinating with criminal counsels and clients on investigations related to business crime. Amilcare advises in connection with anti-money laundering law, with a particular focus on both internal investigations and investigations by Public Authorities.
Amilcare is ranked by Chambers & Partners and Legal500 which note that he is “technically excellent and always willing to help. He has a can-do attitude and is very responsive. His commercial acumen is excellent.” (Chambers Europe 2022 - Dispute Resolution: Italy)
Expertise
Practices
Litigation, Arbitration and Investigations
Investigations, Enforcement and Business Crime
Sectors
Qualifications
Professional
Admitted to practice before the Italian Supreme Court of Cassation and other Highest Courts, Italy, 2021
Admitted as avvocato, Italy, 2009
Academic
JD, University of Turin, 2005
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News: 25 October 2022
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Experience highlights
Advising an international bank, together with the appointed criminal counsel, as defendant, pursuant to Italian Legislative Decree 231/2001 on companies’ quasi-criminal liability and as vicarious liability in relation to a disputed financial transaction with a leading Italian bank. Our assistance included defending our client against the prosecutors’ request to seize EUR1.8bn of its assets. The Criminal Court of Siena rejected the prosecutors’ request which constitutes one of the largest seizure orders made against a single entity in Italy. Civil damages could amount to approximately hundreds of millions of Euros.
Advising an international bank in various civil actions brought by certain shareholders on our client having allegedly caused direct damages in relation to a EUR2bn capital increase by a listed company which allegedly led to an accounting fraud. The value of the claims is more than EUR700m.
Advising an Italian SPV which invests in non-performing loans (NPLs) and is subscribed to by a major US investment bank, against a petition for bankruptcy filed against the SPV by certain service providers. This sets an important precedent about the bankruptcy remoteness of an Italian SPV against claims brought by third party service providers.
Advising a Chinese bank, as defendant, in the biggest money laundering proceedings faced by a financial institution in Italy, involving more than 200 defendants (including a money transfer company) and charges of mafia association. The value of the flow of money, object of this complex regulatory case, was approximately EUR2bn.
Expertise
Practices
Litigation, Arbitration and Investigations
Investigations, Enforcement and Business Crime
Sectors
Qualifications
Professional
Admitted to practice before the Italian Supreme Court of Cassation and other Highest Courts, Italy, 2021
Admitted as avvocato, Italy, 2009
Academic
JD, University of Turin, 2005
Pro bono
- Fair Trials/Racial discrimination in criminal justice (Matter Manager: Paul Flanagan): Between November and December 2020, we took part in a multi-jurisdictional project for Fair Trials – an NGO protecting human rights in the criminal justice system – contributing to the development of a memo on racial and/or ethnic inequality and discrimination in criminal justice across EU countries to highlight any gaps in the EU Member States' legislative policy on such issues. This multi-jurisdictional memo was then used by Fair Trials for the presentation to the European Parliament of a paper on inequality and racism in the criminal justice systems of EU countries.
- Open Society Justice Initiative/Discovery Research Project (Matter Manager: Brandon O’Neil): Pro bono legal assistance provided to the Open Society Justice Initiative to assess whether certain jurisdictions in Europe have procedures for discovery analogous to the US law, 28 USC 1782, which allows for discovery from US entities/individuals for use in non-American proceedings. The aim of this project was identifying for each target jurisdiction how litigants and/or other interested persons may obtain documents or witness evidence for use in proceedings in other jurisdictions.
Recognition
Amilcare is technically excellent and always willing to help. He has a can-do attitude and is very responsive. His commercial acumen is excellent.
Chambers Europe 2022 - Dispute Resolution: Italy
Amilcare Sada has very good technical knowledge, always has an eye for the commercial side.
Legal500 EMEA 2021 - Dispute Resolution: Italy
Amilcare Sada – very client-friendly, very keen to help translate the challenges of the Italian legal system for those of us used to the UK system, easy to deal with.
Legal500 EMEA 2020 - Dispute Resolution: Italy
Clients underline his “ample local and international knowledge.
Chambers Global 2020 - Dispute Resolution: Italy
