Follow us:
search
mailing list
Join our mailing list

Blog

THE BREXIT TRANSITORY MEASURES FOR INSURANCE COMPANIES OPERATING IN ITALY

Posted by  | April 15, 2019 | comments
THE BREXIT TRANSITORY MEASURES FOR INSURANCE COMPANIES OPERATING IN ITALY

__________________________________________________________________

As a hard Brexit seems more and more likely, the Italian government has adopted Decree n. 22 of 22 March 2019 (the "Decree") which sets the path to follow to assure financial stability and integrity in case of a no deal exit of the UK from the European Union. Although the Brexit scenario changes every day, the Decree provides transitory measures both in the event of a no-deal Brexit as of 12 April 2019 or, in the event a deal is reached, in the event the UK leaves the EU as of 22 May 2019 (the " ... Read More

THE RECOGNITION OF AN AMERICAN CLASS ACTION IN ITALY

Posted by  | March 11, 2019 | comments
THE RECOGNITION OF AN AMERICAN CLASS ACTION IN ITALY

The Court of Milan recognizes a final measure of an American class action

Class actions were introduced in Italy by Law No. 99/2009 and subsequently amended over recent years. The procedure is currently regulated by Article 140-bis of the Italian Consumer Code, according to which consumers may bring, directly or through a representative body, class actions to protect their collective or their individual interests. Unlike the US, Italy has adopted an "opt-in" model for class actions, because the opt-out model adopted by the US is considered to be incompatible with Ita ... Read More

THE RECENT STATEMENT OF THE SUPREME COURT: UNIT LINKED POLICIES

Posted by  | March 11, 2019 | comments
THE RECENT STATEMENT OF THE SUPREME COURT: UNIT LINKED POLICIES

.

On 5 March 2019, with the ruling no. 6319, the Supreme Court decided on the issue concerning the nature of the Unit-linked policies, in particular whether they should be classified as insurance contracts or financial products, respectively governed by different sets of rules. Unit-linked policies do not always guarantee a minimum return or an annual consolidation of the management results, unlike the policies related to an internal segregated Fund.In consideration of this main character and of ... Read More

© 2019 PG Legal | Tel: +39.06.884.1535 | email: info@pglegal.it | P.IVA 10140371005 | Disclaimer & Privacy | Cookie Policy | powered by Webing for PG Legal