Superyacht’s Confiscation for Disproportionality and the Relevant Decision of the Italian Court of Cassation

On January 8, 2021, the luxury yacht “Blanca” of fifty meters length, flying the British flag, built-in 2008 by Baglietto Shipyard, was confiscated by the Italian Financial Police (Guardia di Finanza) off the coast of Genoa, Italy. The owner of the yacht, a well-known Italian entrepreneur and owner of a concrete manufacturing company and of […]

No Exemption From Payment Of Excise Duty On Fuel For Yacht Charter

On 16 September 2021, the Court of Justice of the European Union has decided on case no. C-341/20. With this, the EU Court has stated the infringement of Article 14, paragraph 1, letter c) of the Directive no. 2003/96/EC restructuring the Community framework for the taxation of energy products and electricity by the Italian State. […]

Privacy-Proof Passwords: The Authority’s Suggestions

Last October, the Authority for the Protection of Personal Data published a vademecum containing some suggestions for creating and managing passwords to prevent data breaches, which are becoming increasingly frequent. First of all, with particular reference to the creation of passwords, the Authority clarifies that a good password, to be defined as ‘strong’, must be […]

New IVASS’s Rules About the Admission to the Experimentation’s Projects Named “Sandbox”

On November, 4th 2021, IVASS issued Regulation no. 49 laying down the procedures to adopt the measures envisaged by the Decree of the Ministry of Economy and Finance no. 100/2021 implementing the Legal Decree 30 April 2019, n. 34 (so-called “Decreto Crescita”) establishing the conditions and the modalities how to conduct the trial in the […]

The European Parliament Opposes Video Surveillance and Biometric Recognition

With 377 votes in favour, 248 against, and 62 abstentions, the European Parliament passed a resolution on 6 October 2021 calling on the European Commission to establish a permanent ban on biometric video surveillance in public. In particular, the Parliament requested the Commission to put all necessary tools to prevent any processing of biometric data, […]

AEEC Autumn Conference 2021: “The Future Energy Market and its Actors for Achieving our Climate Targets”

PG Legal Energy Partner Frank J. Geffers will participate in the Round Table organized on the occasion of the Autumn Conference organized by AEEC (“Associated European Energy Consultants”) in cooperation with Verdia Legal, taking place on Thursday, November 4th, 2021, in Barcelona with the title: “The Future Energy Market and its Actors for Achieving our […]

New Framework Agreement Between IVASS and CONSOB for Cooperation and Coordination in the Exercise of Their Respective Supervisory Activities

On 22 October 2021, in consideration of the evolution of European regulations, IVASS and CONSOB signed a Framework Agreement to strengthen the long-standing cooperation between the two Authorities, in order to better guarantee the investors and policyholders in their financial transactions and ensure a higher stability of the financial and insurance system. To this purpose, […]

Smart Glasses: What Problems Could Arise For Privacy?

On 16 September 2021, two meetings were held between the Italian Data Protection Authority and representatives of Facebook and Luxottica to discuss the privacy implications of bringing Ray-Ban “Stories” smart glasses to market. The wearable device allows users to send photos and record videos by voice command or by pressing a button, collecting images and […]

Clarifications Concerning Articles 11 and 14 of Provision no.111 of 2021

On September 23rd 2021, IVASS published some clarifications concerning Provision no.111 of 2021. In particular, with reference to Art. 14, it has been specified that for the year 2021 only, the deadline by which the “qualified” insurance intermediaries are required to send IVASS the communications envisaged by Art. 11, paragraph 4, letter a) has been […]

The Legitimacy of the Self-Laundering: Judgment c/790/19 of the European Court of Justice

The second Chamber of the European Court of Justice, with judgment c/790/19 clarified an important legal issue, establishing the principle according to which the perpetrator of the principal offense can be charged with the offense of money laundering, thus confirming the legitimacy of the self-laundering in all the EU States. The Court, in fact, called […]