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Professional notice
What we are, whose signature carries our conclusions, and the limits of everything published on this site. Written for the person who has to justify instructing us.
1What we are
BCAUN.IT is the trading name of Voixa Consultors S.L., a company incorporated in Spain. We use a shared working address in Palermo, Italy, which is not a registered office, branch or establishment. We are a cross-border advisory practice specialising in Italian foreign-investment screening under Decree-Law 21/2012 as amended, and in the Italian artificial intelligence framework under Law 132/2025 alongside the EU AI Act.
We are not an Italian law firm and are not registered with an Italian bar as a firm. We do not hold ourselves out as one, and this notice exists so that the point cannot be missed.
2Whose signature carries the work
| Element of a mandate | Performed by |
|---|---|
| Analysis and drafting | The practice, led by its principal |
| Legal position on Italian law | Reviewed and signed by Italian qualified counsel. We issue no conclusion on Italian law without that signature |
| Notification filings | Conducted with Italian co-counsel who file regularly. The firm is identified to the client before engagement and acts under its own professional obligations |
| Technical AI classification | Performed alongside a technical reviewer, under confidentiality undertakings |
| Litigation | Not undertaken. Challenges before the administrative courts are referred to Italian litigators |
We do not present the track record of co-counsel as our own, and we will tell you which name sits on which document before you engage.
3Nothing here is advice
Every page of this site — including the thresholds table, the regime tracker, the notes and the triage tool — is general information. None of it is legal, tax or investment advice, none of it is a substitute for an assessment on your facts, and none of it may be relied on for a transaction or for any decision with legal or financial consequences.
Advice is given only under a written engagement, to a named client, on facts we have been given and have recorded. A screening memorandum states the facts it relies on precisely so that its limits are visible.
4Confidentiality begins at engagement
No duty of confidentiality arises in respect of an enquiry before an engagement is agreed in writing. This is why we ask enquirers to send only what is needed for a conflicts check and to hold back transaction documents, unannounced target identities, price and funding terms, and anything covered by an NDA.
We run a conflicts check before a matter is discussed in detail, using the minimum information required. Where a conflict exists we say so immediately and, where we can, point you elsewhere.
5The law described here is moving
- Thresholds and strategic-asset definitions under Decree-Law 21/2012 are set by implementing decrees that are amended periodically.
- Law 4/2026, in force since 15 January 2026, changed the sequencing of review for financial-sector transactions.
- Implementing decrees under Law 132/2025 were approved preliminarily on 10 June 2026 and remain subject to change before final adoption. Every description of them on this site is a description of a draft.
Figures and thresholds published here are drawn from primary legislation and published practitioner sources and are dated. They are verified against the consolidated legislation before appearing in any client deliverable.
6No guarantee of outcome
Screening conclusions are assessments, not guarantees. Whether an authority takes a particular view of a classification, whether it exercises special powers, and whether it attaches conditions to a clearance are matters for that authority.
Descriptions of experience — including the number of projects and jurisdictions — describe the cumulative work of the practice and its principal since 2008 across the group. They are not a representation about the outcome of any individual matter, and past matters are not a predictor of future results.
7Fees
Fee ranges published on this site are indicative, describe engagements of typical scope, and are not an offer. A fee is binding only when confirmed in writing for a specific engagement. Government charges, translations and registry fees are additional and passed through at cost.
8If something here is wrong
Tell us at info@bcaun.it. We correct errors, and where a correction is material we say what changed and when rather than editing quietly.