The Russian invasion of Ukraine and the following international crisis triggered by it led to the adoption, by the European Union, of restrictive measures in response to actions that undermined and threatened the territorial integrity, sovereignty, and independence of Ukraine. In particular, such measures – binding in their entirety and immediately applicable in each of […]
On 12 December 2021, IVASS published Discussion Paper No. 1 of 2022 on the Preliminary Considerations for future regulatory interventions by IVASS on life products. The Considerations, as indicated above, start from the requests for adjustment of ISVAP Regulation No. 38/2011, as amended by Measure No. 68/2018, which allows undertakings to provide for methods of […]
IVASS has placed in public consultation the Draft Regulation containing the provisions relating to insurance contracts pursuant to Article 41, paragraphs 1 and 2, of Legislative Decree no. 209/2005. The article refers to the so-called linked contracts, the benefits of which are directly linked to the value of quotas of collective investment bodies or internal […]
On July 6, 2022, the European obligation of the “black box” on board cars will be triggered according to what is established in the European Regulation 2019/2144, which makes mandatory the installation or preparation of a series of devices aimed at collecting and analyzing data and raising the level of traffic safety according to the […]
The recent spread of “Non-Fungible Tokens” (“NFTs”) in the luxury business (fashion, art, music, cinema, yachting, etc.) is rapidly changing the perspective of distribution and retail, leading to a new concept of art and luxury, disconnected from the dimensions of time and space of the physical world. According to a report by Morgan Stanley dated […]
Entrusting a promotional campaign to a marketing company may also entail liability for the commissioner in the event of a breach of privacy legislation. In fact, on 25 November 2021, the Authority for Personal Data Protection, at the request of two complainants who complained about the continuous receipt of unwanted messages, sanctioned two companies involved in a promotional campaign, […]
Ships are often moored for a long – term in ports or shipyards, while seafarers are regularly on-board to carry out their tasks. Up to 2020, extra-Schengen seafarers were regularly signed on with long-term moored ships where they could remain for the entire duration of their employment agreement. Indeed, a common practice all over Europe […]
Today blockchain, NFT, smart contracts, and crypto-assets are words increasingly used in the Web 3.0 world. They describe concepts that are disrupting the economic and business world and gaining reliability in markets very different from each other (among which, by way of example, the ones of art, financial, transport, or agri-food). Still today, however, the […]
On February 1st IVASS updated the FAQ for companies with registered offices in a country of the European Economic Area which intend to operate in Italy under the regime of establishment or free provision of services. Below is the clarification provided by the Supervisory Authority. What are the obligations to which the company is subject? […]
Pursuant to Article 2393 of the Italian Civil Code, a liability action against corporate bodies requires a resolution of the shareholders, since the latter constitutes the formal and mandatory way of expressing the company’s will and therefore no equivalent to the shareholder resolution is admissible. In view of the unquestioned importance of the resolution, the […]
