Business opportunities in the Piedmont-Italy

Kazan Summit 2011

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ABOUT THE FIRM

- A&C was founded in 1983 by postgraduate students of the University of Turin (Piedmont Region, North of Italy), Stefano Commodo and Renato Ambrosio. - Our mission is “to meet any legal requirement with fairness and transparency whenever entrepreneur or individual is confronted with everyday issues in order not only to find a solution but also to prevent a problem”. Pagina 2

PRACTICE AREA • We are convinced that in order to enhance quality of our services it is necessary to limit our activity to civil and commercial matters. • Thanks to an increased stuff-until current structure of the firm-more delicate competence areas were created in work teams where different professional attitudes gather to focus on the same case. Pagina 3

• The firm focuses on the legal support of the following matters: • • • • • • • •

Foreign Investment Law Corporate Law and Business Start-Up Litigation, Mediation & Arbitration (Local and International) Debt Collection Family Law Civil Liability and Compensation for Damages Labour Law Real Estate etc Pagina 4

INTERNATIONAL LAW. • International relations developed by A&C guarantee to businessmen legal assistance in a wide range of legal matters. • Since 1996 “A&C” is a founder of www.in-law.net, an interactive net of lawfirms operating in Italy and abroad, inspired by motives of collaboration and sharing of professional experience in order to guarantee at all times updated and efficient services in different geographical and legal areas. • The Firm has strengthened its experience in the area by developing important contacts in the market of the Russian Federation, where we are able to provide assistance by means of collaboration with local professionals (English, Italian and Russian language speakers) in order to facilitate international business relations between the companies.

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Islamic Finance in Italy

- The muslim population Europe – 13 million, which is -

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10 % of total population of muslims in the world (in Italy - 1, 3 million). Islamic banks in Europe – 26 (zero in Italy) Annual grouth of islamic finance – 15 - 20 % Potential dimention of islamic banking in Italia in 2015 - Eur 169 mln of revenue and 4.5 mlrd of deposit Main obstacles in Italy -tax and regulations. Pagina 6

Muslim population in Italy: • • • • • • • •

Marocco Albania Tunisia Egypt Senegal Pakistan Algeria Turkey

In the Region of Piedmont there are e10 % of all the muslim population in Italy

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The Region of Piedmont

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At the heart of Europe • • •

4,400,000 inhabitants 7.5% of the Italian population the capital Torino: approximately 1,000,000

Industry • • •

GDP: € 123,4 billion 8.1% of the Italian GDP 78% of which produced by the private sector

Research • •

1.8% of the GDP 78% of which from the private sector

Finance • Major Italian banks are based in the Region • Relevant role of the banking origin foundations

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PIEMONTE INDUSTRIAL CLUSTERS TORINO

- automotive, automation and robotics - car and industrial design - aerospace - bio-technologies - information & communication technology - eco-industry (environment) - artistic handicraft - home textile - writing tools - agro-food industry - movie industry

ASTI - chef training - wine

BIELLA - textile - clothing

ALESSANDRIA - gold and jewellery - ice and cold industry - high-power lamps CUNEO - artistic handicraft - beef - cheese - apples - agro-food industry VERCELLI - rice - textile - chemical

NOVARA - rice - textile - chemical

VERBANIA - taps and valves - household goods - decorative stones Pagina 10

INDUSTRY • The city is also well known for its aerospace industry. Large important companies, production units of leading companies and industrial leaders like Alcatel-Alenia Space, Alenia Aeronautica, Avio Spa, Galileo Avionica and Microtecnica operate downstream the industry. • The International Space Station modules Harmony, Columbus, Tranquility, as well as the Cupola and all MPLMs were produced in Turin. • The future European launcher projects beyond Ariane 5 will also be managed from Turin, by the new NGL company, a subsidiary of EADS (70%) and Finmeccanica (30%). • Turin is also the birthplace of some of the country's main companies, such as Telecom Italia (telecommunications), Rai (television), Infostrada, Omnitel and cinema. • The central role of the whole region is also clearly shown by the growing interest of foreign industrial investors. More than 500 foreign businesses in the manufacturing, service and commerce sectors, have already made Piemonte the base for development in Italy and Europe. These include: Jac, AE Goetze, Alstom, Contitech, Dayco, Dea Brown and Sharpe, Eaton, Federal Mogul, Irci, Kimberly Clark, Lear Corporation, L'Oreal, Magna Pagina and 11

CAR INDUSTRY • •

The Italian car industry has its roots in Torino and Piemonte, where the headquarters of the car company FIAT is located. Fiat is the largest vehicle manufacturer in Italy, with cars ranging from small Fiat city cars to sports cars made by Ferrari, and vans and trucks such as the Ducato. Besides Fiat Group Automobiles S.p.A, the Fiat Group automotive companies include Ferrari S.p.A. and Maserati S.p.A. The Fiat Group Automobiles S.p.A. companies include: Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Lancia, Fiat Automobiles S.p.A., Fiat Professional.

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• Esclusive car designers, such as Pininfarina, Giugiaro and Bertone make a car become a dream…

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Research and Development • Research and Development Piemonte invests 1.42 billions in research and development, which is strongly supported by an extremely dynamic local network of more than 200 Research Centers of international standing, such as the ones run by: • • • •

Fiat and GME Powertrain (for automotive), Telecom Italia (for telecommunication), RAI (for broadcasting) and Motorola EMEA (for mobile phone systems).

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BIO Technologies Life sciences and Bio-technologies in particular represent strategic priority for the future and sets of multidisciplinary technological platforms and scientific discoveries which may combine in many different and innovative manners. Most life science activities in Piemonte are concentrated in the Torino Province. It is important to stress the presence of the:

The sectors of interest: Pharmaceuticals Bio-medicine Diagnostics IT Food and agriculture Veterinary Cosmetics Environment.

University and the Politecnico of Torino, University of Eastern Piemonte Environment Park Bio-Industry Park Candiolo Institute for Cancer Research and Treatment

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New regional strategy to support employment and innovation… • “Piedmont is one of the top ten manufacturing regions in Europe and • enjoys the highest levels of business investment in R&D in Italy (20% of • the national total)” • “The region has long been a central part of the national industrial core” • “Piedmont is seeking to use innovation policy to drive the modernization of its economic base and to help it meet the challenge of developing new • strengths while also drawing on existing assets” (*) • The Italian auto maker's fuel systems offer Chrysler access to something it hasn't had in years: cutting-edge technology which guarantees a strong competitive advantage” (Wall Street Journal, April 30 2009)

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