22.02.2019

“For the Italian Supreme Court seizing light hemp inflorescences is unlawful”

Criminal Supreme Court, dep. VI, Judgement no. 4920, January 31, 2019 It is now known that light hemp’s business is significantly increasing and that it is attracting a huge number of investors, even…

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13.02.2019

Contributions from Nctm Offices Around the World - February-March 2019

Taxation of Ports in Italy Ports in Italy are fully exempt from corporate income tax. In the Basque region of Spain, ports are also fully exempt from corporate tax. In the rest of Spain ports are exempt…

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13.02.2019

Protection of personal data in air transport

Foreword After illustrating, in the previous issue of our newsletter, the impact of Regulation (EU) 679/2016 (the “GDPR”) on the Italian system, it is now appropriate to underline that, at the same time…

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13.02.2019

New structures for shipping finance: sale and lease back

The crisis in the shipping sector has involved non-profitability of shipping loans for banks. Indeed, a number of loans and, particularly, those granted to small shipowners were not repaid by them and much…

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13.02.2019

Planning of energy and environmental sustainability of port systems: Guidelines approved

On 17 December 2018 the Italian Ministry of Environment and for the Protection of Land and Sea (Ministero dell’Ambiente e della Tutela del Territorio e del Mare “MATTM”) approved the “Guidelines for the…

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13.02.2019

EU Regulation 2017/352 on port services and financial transparency: "limitations" to the number of providers of port services and public service obligations (second part)

We continue the analysis of the regulation of port services established by Regulation (EU) 2017/352 with particular reference - first of all - to the topical issue of the faculty, given to managing bodies…

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13.02.2019

New evaluation parameters for concession applications: the last three criteria issued by the Italian Ministry of Infrastructures and Transport

This article focuses on examining the three latest evaluation criteria for the application/renewal for maritime concessions pursuant to Article 18 of Italian Law 84/94 issued by the Italian Ministry of…

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13.02.2019

“Not interested”: according to the Council of State, shipping agents and shipbrokers cannot speak in the interest of the shipowners regarding the pilotage tariffs

We return to a topic of great interest in this period: the updating of pilotage tariffs. In the last issue of our Shipping & Transport Bulletin we analysed the problems related to the world of Italian…

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11.02.2019

Art and rights: a critical look at the present

The 2019 schedule of nctm e l’arte revolves around the topics of rights, justice and law as seen through the prism of art. This makes explicit the focus, in connection with the activity of Nctm Studio…

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11.02.2019

New guidelines on the assignment by way of security of rents deriving from the lease of a going concern

New case law The assignment of rent deriving from agreements for the lease of a going concern comprising immovable property and having a term longer than three years must be registered with the land…

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25.01.2019

Nctm is first M&A player in Italy

Mergermarket, Reuters and Bloomberg League Tables Nctm Studio Legale was ranked first by M&A deal count by Mergermarket, Reuters and Bloomberg. With 60 deals on Mergermarket record in 2018 (1 January –…

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11.01.2019

Light cannabis in Italy: products are booming in Italy, but recreational consumption is still illegal

Italy’s hemp mania exploded after a December 2016 Law, no. 242, regulating hemp cultivation and production went into effect, helping revive a crop that was once widely cultivated in the country, one has…

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