Pietro M. Fioruzzi’s practice focuses on advising international and Italian corporate clients and investment banks on a wide range of corporate and financial matters, IPOs and other capital markets transactions, corporate governance, securities regulatory issues, and public mergers and acquisitions.

Pietro advises public Italian companies as to board structure and practice and special committees, as well as on compensation and benefit matters. He represents clients in internal investigations as well as before Italian courts and agencies with regard to capital markets matters.

In addition, Pietro assists entrepreneurs and family offices on succession planning and on family governance issues.

Pietro joined the firm in 1997 and worked in the New York office until 1998, when he moved back to Italy to open Cleary’s Rome office. He was resident in the Rome office from 1998 through 2001, when he helped open the Milan office, and became a partner in 2006. Prior to joining the firm, he worked at the law firm of Professor Pier Giusto Jaeger until spring 1995.

Selected Activities

  • Member, Board of Directors, Accademia della Scala Foundation
  • Visiting Scholar, University of Munich, 1996


Chambers Global Practice Guide 2024: Corporate M&A (Italy)

DDL Capitali: Misure a Sostegno dela Competitività del Mercato dei Capitali,” Cleary Gottlieb Alert Memo, March 7, 2024 (co-author)

Public Procurement-Related Crimes Will Also Trigger Corporate Liability: Companies Should Assess and Review Their Compliance Models,” Cleary Gottlieb Alert Memo, October, 26, 2023 (co-author)

Italy Implements European Directive on Whistleblowing” Cleary Gottlieb Alert Memo, March 30, 2023 (co-author)

Italy strengthens fight against fraud to the European Union’s financial interests,” Cleary Gottlieb Alert Memo, October 2022 (co-author)

The Italian Constitutional Court Decides When the Application of Both Administrative and Criminal Sanctions Violates the Ne Bis in Idem Principle,” Cleary Gottlieb Alert Memo, July 2022 (co-author)

Italy Strengthens Criminal Sanctions Against Market Abuse and Amends the Rules on Confiscation,” Cleary Gottlieb Alert Memo, February 2022 (co-author)

Italy Implements EU Directives on Anti-Money Laundering and Fraud and Counterfeiting of Non-Cash Means of Payment,” Cleary Gottlieb Alert Memo, December 2021 (co-author)

“Italy,” in European Securities Law, Third Edition, Oxford University Press, March 2021

SRD II: CONSOB modifica il Regolamento Parti Correlate e il Regolamento Emittenti,” Cleary Gottlieb Alert Memo, December 2020 (co-author) 

Revised Rules on Italian Listed Company Capital Increases After the COVID-19 Outbreak,” Cleary Gottlieb Alert Memo, July 2020 (co-author)

Revised Rules on Disclosure of Significant Shareholdings in Italian Listed Companies After COVID-19 Outbreak,” Cleary Gottlieb Alert Memo, April 2020 (co-author)

Italy’s Economic Measures to Mitigate the Effects of COVID-19,” Cleary Gottlieb Alert Memo, March 2020 (co-author)

Italy and COVID-19 – Practical and Legal Guidance on Key Business Issues,” Cleary Gottlieb Alert Memo, March 2020 (co-author)

GIR “Securities and Related Investigations Know-How Guide,” Global Investigations Review, September 2019. Co-author of the Italy chapter.

The New Prospectus Regulation – The Story So Far,” Cleary Gottlieb Alert Memo, March 2019 (co-author)

GIR “Securities and Related Investigations Know-How Guide,” Global Investigations Review, October 25, 2018. Co-author of the Italy chapter.

Il nuovo regolamento relativo all’equity crowdfunding,” Diritto Bancario, September 6, 2016 (co-author, Fabio Saccone)

“What Ending the Sanctions Means for Business,” (Pietro Fioruzzi/Gianluca Atzori, co-authors), Il Sole 24 Ore, May 4, 2016.

GIR “Securities and Related Investigations Know-How Guide,” Global Investigations Review, February 4, 2016. Co-author of the Italy chapter.

“Five Questions on the Joint Comprehensive Plan of Action,” Mag by LegalCommunity, November 24, 2015 (M. Scalera co-author).

“Definizioni (art. 93-bis)” and “Offerta al pubblico di strumenti finanziari comunitari e di prodotti finanziari diversi dalle quote o azioni di OICR apert (artt. 94-98 bis),” in Il testo unico della finanza, Marco Fratini and Giorgio Gasparri eds., UTET Giuridica, 2012, pp 1053-1124, (Eugenio S. De Nardis and Nicole B. Puppieni co-authors).

Governance International Italien: Rechtsleitfaden für die Management-Praxis, (Klaus W. Riehmer and Nicole B. Puppieni co-authors).

European Securities Law.” Edited by Raj Panasar and Philip Boeckman (First Edition Oxford University Press, 2010). (R. Panasar, M. Tibi, and S. Glasper co-authors).

Camera di Conciliazione e di Arbitrato presso la CONSOB: un nuovo strumento di protezione per i risparmiatori (The Chamber of Mediation and Arbitration Established at the Premises of Consob: A New Alternative Dispute Resolution Device to Protect Retail Investors).” Avvocati24. Il Sole-24 Ore (online edition). March 30, 2009 (M. Mamone co-author).

“Implementation of the Takeover Directive in Italy.” EuroWatch, March 15, 2008 (G. Scassellati co-author).

“Il problema delle clausole statutarie di società quotate che attribuiscono al consiglio di amministrazione il potere di presentare una lista per la nomina di amministratori o sindaci (The Admissibility of Bylaws Authorizing the Incumbent Directors to Field a Slate of Nominees for Corporate Elections).” Rivista di diritto societario. 2007, 4. 85-99 (F. Lione co-author).

“Offerta al pubblico di prodotti finanziari.” Il Diritto. Enciclopedia giuridica del Sole 24 Ore, vol. 10. 19/2007 (F. Saccone co-author).

“Reform is Still Continuing.” International Financial Review – Europe. February 17, 2007 (F. Saccone co-author).

“Changing Italian Scene.” International Financial Review – Europe. January 7, 2006 (C. Di Falco and G. Antonazzo co-authors).

“Consob Turns Sights on Unauthorized Offers.” International Financial Law Review. February 1, 2004 (G. Scassellati and L. Enriques co-authors).

“Italy.” International Mergers & Acquisitions. 2002/2003 (Debbie Robinson ed.). Euromoney (G. Scassellati and G. Antonazzo co-authors).

“Italy - The New Regulation on Investment Solicitation.” International Financial Law Review. Banking Yearbook 1999.