NCTM assists Ferrari in licensing agreement for development of Ferrari Land
NCTM has assisted Ferrari in a licensing agreement with PortAventura Entertainment SAU, a subsidiary of investment group Investindustrial, that will allow the development of a theme park called Ferrari Land within the resort and existing theme park PortAventura, situated near Barcelona, Spain.
Ferrari Land will cover an area of 75,000m² and will include a range of attractions for fans of the brand, including Europe’s highest and fastest vertical accelerator.
In addition, plans are in the pipeline for the first Ferrari-themed five-star luxury hotel, to be located within PortAventura, complete with 250 bedrooms, restaurants and a driving simulator.
The total investment for the project is expected to be €100m (£84m) and the park will open in 2016. PortAventura welcomes about four million visitors each year, of which 50 per cent come from abroad.
NCTM assisted Ferrari with a team comprising Sante Ricci (equity partner), Angelo Monoriti (salary partner) and Marina Fiorino (associate).
News from NCTM
News from The Lawyer
Briefings from NCTM
Geographical indications (GIs) for foodstuffs are protected under European law, while GIs for non-foodstuffs are not protected under EU law. Should we keep this difference?
In the last couple of days, the Financial Times and The New York Times have published important articles on Russia and China. The articles don’t pull their punches.
Analysis from The Lawyer
Being sent to London on secondment is a prized opportunity for associates in European firms