OBS_VALUE: The Code and the Company Law Reform include requirements for foreign companies and there are no ownership restrictions. Similarly, there was no restriction found in the sector specific law on rail transportation. Decreto Legislativo 112/2015 applies Directive 2012/34/EU  establishing a single European railway area. This Directive has been modified by the Directive 2016/2370. The Legislative Decree 23 nov. 2018 n. 139 transposes the amending directive. 