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Amendments to the Golden Power Regulation: clarification on the extension of the Golden Power in the energy sector | Orrick, Herrington & Sutcliffe LLP


With the Decrees of the President of the Council of Ministers (“
DPCM”) no. 179 and 180 dated December 30, 2020 (effective from January 14, 2021), the Legislator has significantly innovated the Golden Power regulation set forth by Law Decree no. 21/2012 (the “
Golden Power Regulation”).
In the context of the Covid-19 emergency, on April 8, 2020 the Italian Government has issued Law Decree no. 23/2020 (so called “
Liquidity Decree”) which, among other things, has amended the Golden Power regulation (please refer to our previous newsletter on this topic: click here). Indeed, the Legislator has introduced some urgent provisions (effective until June 30, 2021), extending the perimeter of such regulation with reference to the “strategic assets” in all sectors referred to in Article 4 of EU Regulation no. 2019/452, where among the others,  critical infrastructure, whether physical or virtual, including energy, [.] are generically referred to. ....

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