03.10.2022

Differences between harmonized company law and domestic rules: the phenomena of “gold plating” and “circumvention” of EU law

First of all I would like to thank Fondazione Courmayeur and Centro Nazionale di Prevenzione e Difesa Sociale for the excellent organisation, while also giving a heartfelt thank you also to Paolo…

Read more

17.03.2022

Reserved AIFs: a regulatory update

Ministerial Decree No. 19 of 13 January 2022, which introduces certain amendments to Ministerial Decree No. 30 of 5 March 2015 in order to expand the categories of retail investors who may invest in…

Read more

15.02.2022

On-line quoting and comparison platforms: OAM to soon issue clarification

Introduction Last 12 January the Italian authority supervising credit brokers and financial agents (“OAM” – “Organismo Agenti e Mediatori”) launched a public consultation on a draft Interpretative…

Read more

24.01.2022

Salary-backed loans ("cessione del quinto") in the latest instructions from the Bank of Italy

Introduction Salary-backed loans or pension-backed loans ("CQS/CQP") [1] – originally regulated by Presidential Decree No. 180 of 5 January 1950 – have been, over time, the subject-matter of numerous…

Read more

11.10.2021

ADVANT Nctm strengthens Banking & Finance and Mergers & Acquisitions departments with 10 new entries

ADVANT Nctm strengthens its structure with the entry of 10 professionals, 8 in the Banking and Finance department and 2 in the Mergers and Acquisitions department. Riccardo Sallustio, equity partner,…

Read more

26.04.2021

Factoring transactions and financial exposures vis-à-vis public administrations in light of the new definition of default

Introduction This alert considers the impact of the new definition of prudential default[1], in effect as of 1 January 2021, both in terms of its application to factoring transactions and in the context…

Read more

08.02.2021

Recent amendments to the Italian Securitisation Law

Introduction This alert analyses the amendments made to Italian law no. 130 of 30 April 1999 on receivables securitisation (“Law 130”) by article 1, paragraphs 214 and 215 of Italian law no. 178 of 30…

Read more

03.02.2021

Calendar provisioning: discussion points on management of non-performing exposures given the impact of the Covid-19 pandemic

From Dirittobancario.it   Table of Contents: 1. Introduction; 2. The regulatory framework; 3. The regulation of calendar provisioning; 4. The impact of the Covid-19 pandemic; 5. The potential effects…

Read more

12.01.2021

The new definition of default

Introduction This alert looks at the new definition of default for prudential purposes which came into force on the 1st January 2021 and is applicable to all European financial intermediaries. New…

Read more

09.04.2020

BANKING & FINANCE | Liquidity Decree: SACE guarantee and strengthening of SME Guarantee Fund to face COVID-19 emergency

In order to address the lack of liquidity that is affecting the entire productive system of the country as a direct consequence of the economic crisis resulting from the COVID-19 pandemic and the lockdown…

Read more

26.03.2020

TAX | BANKING | COVID-19 epidemiological emergency and incentives to support businesses

Conversion of deferred tax assets into tax credits following the transfer of non-performing loans Article 55 of Law Decree of 17 March 2020 no. 18 introduced in Italy relevant provisions aimed at…

Read more

18.03.2020

BANKING & FINANCE | Coronavirus and financial aids for Italian enterprises

Due to the health emergency caused by the progressive spread of COVID-19, the Italian Government has implemented several regulations (Decrees of the President of the Council of Ministers of 8, 9 and 11…

Read more