16.01.2020

News from IVASS

I. IVASS has published document no. 5/2019, concerning the IVASS regulation scheme about whistleblowing reporting system procedure, pursuant to articles 10-quater and 10-quinquies of the Private Insurance…

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15.01.2020

Law firms Nctm and La Scala with UniCredit create UniQLegal, a joint-stock company between lawyers

UniQLegal, www.uniqlegal.it,  is an innovative initiative created to meet some UniCredit Group’s specific needs for legal services, with particular regard to the management of disputes against banks and…

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10.01.2020

New Regulatory Framework for Foreign Investments in China

On 31 December 2019, the State Council (the Chinese central government) published the Implementation Regulations of the Foreign Investment Law (中华人民共和国外商投资法实施条例), with almost immediate entry into force…

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03.01.2020

«Concordato preventivo» in the new Italian Insolvency Code («CCI» or «Code»)

The new Code (which will enter into force on 14 August 2020) provides some significant changes in the provisions related to the «concordato preventivo» procedure (namely, the composition with creditors),…

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20.12.2019

Insurers may raise a time-limitation objection of the claimant’s action

With judgement n. 31071 of 28 November 2019, the Italian Court of Cassation ruled on the insurer’s right to raise a time limitation objection as regards the claim brought forward by a third party against…

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11.12.2019

nctm e l’arte: Artists-in-residence, XIII edition Scholarships awarded to Francesco Bertocco, Simona Da Pozzo, Giuseppe De Mattia, Marco Ferrari and Cristina Gallizioli

The evaluation committee of nctm e l’arte: Artists-in-residence met last 5 December and identified Francesco Bertocco, Simona Da Pozzo, Giuseppe De Mattia, Marco Ferrari and Cristina Gallizioli as the…

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11.12.2019

Goods in transit and cargo insurance: the clause requiring surveillance of the vehicle is lawful and not vexatious given that it aims at limiting the subject matter of the policy

With judgement n. 21758 of 2019 the Court of Cassation has again addressed the lawfulness of the clause contained in an insurance policy that makes coverage of the risk deriving from theft of goods subject…

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05.12.2019

News from EIOPA: European Insurance Overview 2019

In 19 November 2019, EIOPA published the second annual bulletin “European insurance overview”, containing various statistical data processed by the Authority on the basis of the information published by…

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22.11.2019

Commission Guidance on Internal Compliance Programmes for Exports of Dual-Use Goods

The Commission has issued non-binding guidance to companies producing and trading in dual-use products. Dual-use items are goods, software and technology that can be used for both civilian and military…

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12.11.2019

Fuel spillage and compensation for passengers in case of flight delay; but what if the fuel spills out of another aircraft of the same airline?

On 26 June 2019, the Court of Justice of the European Union ruled on the obligation for airlines to pay compensation – under Article 5 of Regulation (EC) No 261/2004 [9],– in case of long delay of a flight…

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12.11.2019

Non-notarial securities for shipping loans and the issue concerning the “certified date”

Securities in shipping finance transactions may be notarial and non-notarial, depending on how the security is entered into, whether before a notary or by simple private deed. Mortgage is the most…

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12.11.2019

New guidelines on the award of concessions for port-towage (part three and last)

Let’s continue and conclude, in this issue of our Shipping and Transport Bulletin, the analysis of the new guidelines on the award of concessions for port-towage issued in March 2019 by the Italian…

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