29.01.2021

IVASS publishes Provisions no. 108/2021 and 109/2021, which envisage the extension of the deadlines for the temporary suspension of unrealized losses in short term financial assets and the deadlines for the application of the EU International Financial Re

With Provision No. 108/2021 of 27 January 2021, IVASS amended Regulation No. 43/2019 by aligning the insurance regulatory framework with the new provisions laid down in the Decree of the Ministry of…

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20.01.2021

Art and arbitration: an overview in light of the new Regulations on Arbitration in the Art Sector of the Venice Chamber of Arbitration

The national and international context of reference. The dynamism of the contemporary art market made a more structured organisation of the heterogeneous set of legal-economic knowledge - now…

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20.01.2021

The so-called "Superbonus" introduced by the Relaunch Decree

The purpose of this document is to briefly analyse the changes introduced by the Decree on Tax deductions for certain categories of entities implementing restructuring fulfilling specific energy efficiency…

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18.01.2021

IVASS Provision No. 107 of 12 January 2021: amendment to the definition of "portfolio" as set forth by ISVAP Regulation No. 14/2008 (effects on the transfer and management of a portfolio in run-off of insurance contracts)

With provision No. 107/2021, IVASS amended the definition of "portfolio" provided by article 2, paragraph 1, letter f) of ISVAP Regulation No. 14/2008 (by deleting the words: "the portfolio may not be…

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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…

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12.01.2021

Pre-retirement and expansion agreement

The purpose of this brief note is to summarise and analyse the measures introduced by Law No. 178 of 30 December 2020 (the “2021 Budget Law”) on expansion and pre-retirement agreements. The new…

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11.01.2021

New developments in Golden Power. The expected supplements and clarifications of the subjective and objective scope of the discipline

On 30 December 2020, two implementing decrees were published in the Official Gazette with the aim of expanding and defining the scope of application of the Golden Power legislation: i) Prime Ministerial…

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21.12.2020

IVASS, with order no. 101 of 2020, anticipates to 5 February 2021 the entry into force of simplification measures, foreseen by Provision no. 97/2020, in favour of intermediaries

By order No. 97 of 4 August 2020, IVASS completed the implementation in Italy of the rules on distribution of insurance investment products, aimed at pursuing the rationalisation and simplification of the…

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11.12.2020

Transfers of personal data from the European Union to the United States following the “recommendations” adopted by the European Data Protection Board

[IMPORTANT NOTE: This document is updated as of 10 December 2020, therefore, should the public consultation on EDPB (Recommendations 01/2020 result in amending the current framework, the content of this…

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13.07.2020

The new regulations on concessions of large water derivations for hydroelectric use

What happened With specific reference to concessions for hydropower plants with an average nominal power exceeding 3 MW, article 11 quater, Law Decree no. 135/2018 (so-called "Semplifications Decree"…

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26.05.2020

The fight against COVID-19: an all-around approach

The epidemiological emergency due to the Covid-19 outbreak is dominating the news, representing a real hairpin bend in history, from several standpoints. In a few weeks, the epidemic has turned from…

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26.05.2020

What court has jurisdiction over individual maritime labour disputes? Italian Supreme Court gets back to the issue by decision No. 5739 of 3 March 2020

By decision No. 5739 of 3 March 2020, the Italian Supreme Court gets back to dealing with the correct identification of the labour court having territorial jurisdiction to adjudicate on maritime labour…

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