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Juljan is versatile lawyer with 15+ years of on-the-ground practice in leading international law firms and an outstanding experience on restructuring and insolvency matters grown by advising on a remarkable variety of distress and corporate rescue situations, including in-court and out-of-court restructurings, as well as assistance to creditors (including noteholders), board of directors in distressed and quasi-distressed situations, and assistance on distressed M&A transactions (both in and out of court processes), as well as insolvency proceedings and related litigations.

He also advises clients on in bonis M&A transactions (domestic and cross-border) and corporate governance matters, including golden power procedures, and has significant experience on real estate and debt/capital market transactions. Clients seeking advice from Juljan are usually highly sophisticated domestic and international market players, including private and listed entities, global corporations, investors, creditors, sponsors, board of directors and individuals, often on first-of-kind transaction in the Italian market.

Concentrations

  • Restructuring and insolvency transactions
  • In-Court and Out-of-Court restructurings
  • Arrangement with creditors
  • Group companies and business reorganizations
  • Creditors’ representation: lenders, (organized) noteholders and industrial creditors
  • Directors’ duties in zone of insolvency or on internal control measures to detect and prevent distress
  • Mergers and acquisitions transactions involving in bonis and distressed entities and/or assets
  • Corporate governance
  • Golden power

Capabilities

Experience

  • Represented the Ad Hoc Group of holders (made of the leading international funds Carlyle, Man GLG and Stellex) of c. EUR 103 million of New York law governed notes issued by Officine Maccaferri S.p.A. on the highly complex and innovative in-court indebtedness restructuring transaction (concordato preventivo) of the issuer.°
  • Advised a primary international fund on the arrangement with creditors of an energy and utility company where our client acted as assumptor (through an SPV) acquiring all the assets of the company in exchange for the payment of indebtedness.°
  • Represented a leading French civil engineering and construction company on potential actions to safeguard its interests in a JV with an Italian listed entity undergoing a restructuring transaction resulting in the demerger of its going concern and its merger with its majority shareholder, a leading entity in the same sector listed in the Italian market.°
  • Represented a group of international bondholders of a primary listed Italian bank in connection with the bail-in of the bank.°
  • Advised a primary international fund on an effort to provide alternative lending to a leading ferry and shipping terminals operator in the context of an indebtedness restructuring transaction of the company.°
  • Represented a group of noteholders of Officine Maccaferri S.p.A. on the acquisition of the entire corporate capital of Officine Maccaferri in a competitive procedure initiated in the context of the restructuring process of SECI (former shareholder of Officine Maccaferri) through an independent trust structure.°
  • Represented a primary international fund on the obtainment of the required golden power authorization from the Italian Government for the acquisition of the shares of an entity holding strategic assets in the energy sector in the context of the restructuring procedure its shareholder.°
  • Represented the subsidiary of a leading Italy-based corporation listed on the Milan Stock Exchange, in connection with the distressed acquisition of a going concern from the bankruptcy procedure of an Italian entity active in the design and construction of power distribution stations and power lines for energy transmission.°
  • Represented a U.S. fund on its minority investments in the corporate capital of Italian public companies through the execution of equity credit line agreements (ECL) (e.g. K.R. Energy S.p.A., through the execution of an EUR 35,000,000 ECL, Mocas S.p.A., regarding the shares of its listed subsidiary Sacom S.p.A., through the execution of an EUR 9,000,000 ECL), as well as in the negotiation and the execution of other security purchase agreements with private entities.°
  • Represented Oakley, the leading UK-based private equity firm, in its majority investment in the share capital of Alessi S.p.A., an Italian leading family-owned entity operating in the design, manufacturing and sale of kitchenware and houseware design products.
  • Represented FraFin S.r.l., an Italian cybersecurity company active in the engineering and implementation of biometric systems, in connection with the creation of a joint-venture with Maticmind, an entity part of the Fondo Italiano di Investimenti portfolio, and the subsequent sale of the majority stake in the joint-venture, as well as in the process of obtainment of the golden power authorization.°
  • Represented a primary international fund on the sale of the minority stake in an Italian entity operating a gas-fired combined cycle power plant to the majority shareholder.°
  • Represented a global leader in providing hybrid working solutions in connection with the sale of a business unit made of three business centres.°
  • Represented MAPFRE Internacional S.A. on the Euro 550 million acquisition of Direct Line Versicherung Aktiengesellschaft (Direct Line Germany) and Direct Line Insurance S.p.A. (Direct Line Italy).°
  • Represented the independent directors of a leading UK insurance company on the Euro 1.3 billion sale transaction of the Italian business.°
  • Represented a leading international player in relation to its alternative bid in the context of a voluntary bid for an Italy-listed investment company.°
  • Represented BKW Italia in three sale transactions regarding: (i) the majority of shares of Casa delle Nuove Energie S.p.A., a leading company in the field of energy efficiency and renewable energy, to E.On Energia; (ii) its industrial clients portfolio to E.On Energia, and (iii) its energy reselling business and a SME clients portfolio to Illumia.°
  • Represented a leading UK-based specialist investment and asset manager in the solar sector on the acquisition of 100% of the share capital of an Italian entity, which indirectly owns a portfolio of seven solar PV plants located in Italy.°
  • Advising an Italian STAR-segment-listed-entity in connection with the adoption of an incentive plan for the top management and key officers of the Group.
  • Advised an Italian STAR-segment-listed-entity in connection with the adoption of an incentive plan for the top management and key officers of the Group.°
  • Advised a primary international fund on the structuring of the corporate governance of its investment vehicle in Italy and one of the target entities acquired by the investment vehicle, as well as on the negotiation of the MIP for the top management of the target entity.°
  • Advised the independent directors of Gruppo GEDI Editoriale S.p.A. (a listed on the Milan Stock Exchange) in connection with the tender offer launched by Giano Holding S.p.A. and the subsequent delisting.°

°The above representations were handled by Mr. Puna prior to his joining Greenberg Traurig Santa Maria, an affiliate of Greenberg Traurig, P.A. and Greenberg Traurig, LLP.

  • Senior Associate and Counsel, Major U.S. Law firm, Milan Office, 2019-2023
  • Senior Associate U.S. Law firm, Milan Office, 2017-2019
  • Associate International Law firm, Milan Office, 2011-2016
  • Trainee U.S. Law firm, Milan Office, 2007-2010

Recognition & Leadership

  • Listed, The Legal 500 EMEA, Corporate and M&A, 2024
  • Member, Milan Bar Association, 2011

Credentials

Education
  • Law degree, cum laude, University of Siena, 2006
  • Certificate in English Law (Erasmus Programme), University of Warwick, 2004
  • J.D., University of Siena, 2003
Admissions
  • Italy
  • England and Wales
Languages
  • Albanian, Native
  • Italian, Native
  • English, Fluent