On January 29th, the European Banking Authority (EBA) launched an inquiry to gather feedback from credit institutions regarding their current techniques for classifying exposures to environmental, social and governance (ESG) risks, to assess the feasibility of introducing a standardized methodology. In accordance with Article 501-quater of Regulation (EU) no. 575/2023, as amended based on the […]
On 12 February, IVASS (the Institute for the Supervision of Insurance) issued instructions for the electronic transmission of data concerning the payments related to dormant policies, to be carried out through the Infostat platform. Following the Letter to the Market of 25 January, 2024 (Prot. No. 0023887/24), which announced the new procedure for transmitting data […]
Law no. 183/2010, the so-called “Attachment to the Labor Legislation”, has introduced, inter alia, new provisions in relation to arbitration. In particular, law no. 183/2010 generally aims at ensuring the increase of recourse to arbitration, by extending its scope of application. In particular, arbitration brings several advantages to the parties, also with regard to labor law disputes. The […]
A patient’s acceptance of a doctor’s warning regarding the risks associated with cosmetic surgery does not constitute conduct relevant to application of article 1227 of the civil code, which regulates the contributory negligence of the creditor. The courts have on several occasions ruled that the medical professional is required to exercise due diligence, qualified by […]
On January 19, 2024, COVIP (Pension Funds Supervisory Commission) published on its website Circular prot. no. 0000287/24 regarding the unified management of individual pension positions. With the Circular, the Commission provides guidance to the supervised entities regarding the methods to be adopted to ensure the unified management of individual positions in all cases where multiple […]
On January 18th, the European Banking Authority (EBA) initiated a public consultation on proposed amendments to the Implementing Technical Standards (ITS) that specify the data collection methods for the benchmarking exercise related to credit and market risk for the year 2025. Benchmarking is a tool utilized by companies to monitor and enhance the quality of […]
In 2023, sanctions by European Data Protection Supervisors have increased by 14% compared to the previous year. In just one year, sanctions have risen from € 1.56 billion to € 1.78 billion. Such considerable increase is due also to the fine imposed by the Irish Data Protection Authority to META in 2023, which to date […]
Since the coming into force of Circular No. 33287 from the Directorate General of Motorization at the beginning of 2024 – which introduced changes to vehicle inspection procedures – and Legislative Decree No. 184/2023 on mandatory insurance, car inspections have gained renewed attention. The mandatory vehicle inspection, governed by law and regulated by Article 80 […]
As part of the increasing efforts to strengthen the capacity of the European Union to combat money laundering and terrorism financing (“AML/CFT”), on January 18th, 2024, the Council and the Parliament adopted a provisional agreement to protect EU citizens and the EU’s financial system, with the following fundamental objectives of the so called “AML Package”: […]
Since the early 1990s and until today, the number of disputes regarding the ownership of cultural property has grown exponentially worldwide. In this regard, the greatest plunder of cultural property has been made by the Nazis in the occupied territories between 1935 and 1944. In fact, they stole about 1/5 of all the cultural property […]
