Baker McKenzie assisted FCA Bank in the reorganisation of its activities in Ireland, through the conversion of FCA Capital Ireland Plc into the Irish branch of FCA Bank S.p.A. The operation aims to rationalize and simplify the governance assets of the bank’s activities outside of national borders.
The Baker team was led by partner Maricla Pennesi, who also handled the financial aspects, with the support of senior associate Giovanni Gallucci. The corporate profiles related to the cross-border merger of FCA Capital Ireland Plc with FCA Bank S.p.A, as well as those related to the opening of the Irish branch, were handled by partner Paola Colarossi, with support from associate Federica Longo. Senior associate Eugenio Muschio handled all the regulatory profiles, which consisted of a double authorisation procedure. This procedure took place in the context of the single European supervision and was related to the cross-border merger as well as the passport and establishment of the Irish branch, including arrangement of the related business plan.
The Baker team operated in collaboration with the internal structures of FCA Bank S.p.A. while participating in the reorganization process.