Author Archives: Gianfranco Puopolo

The “Made in Italy” Draft Law on Yachting

The Italian Chamber of Deputies has recently approved the “Made in Italy” Draft Law on Yachting, resulting from the discussion between “Confindustria Nautica”, the Minister of Business and Made in Italy, the Ministry of Infrastructures and Transports and the draft law’s rapporteurs. The draft law will have to be approved by the Senate. The novelties, […]

The International Movement of Cultural Property

The international movement of cultural property is regulated by Legislative Decree no. 43 of January 22, 2004 (“Code of Cultural Heritage and Landscape” or the “Code”), which has been subject to numerous amendments, inter alia: – Law no. 124 of August 4, 2017, “Annual Law for Market and Competition”; – The Ministerial Decree of May […]

Buying or Chartering a Yacht Using Cryptocurrency: What is the Applicable Legislation?

Purchase of a yacht by means of cryptocurrency and in compliance with the law

What is the applicable EU legislation? With reference to EU law, on April 20, 2023, the European Parliament has approved the final text of the Markets in Crypto-assets Regulation (MiCA) legislation, which will enter into force between 2024 and 2025 and it will apply directly across the EU without any need for national implementation laws. […]

Buying or Chartering a Yacht Using Cryptocurrency: How Cryptocurrency Interacts with the Yachting World?

Cryptocurrencies have already been used in yachts’ purchases and charters, which are mainly paid in bitcoins. In particular, such payments were made in bitcoins, but were afterwards converted into fiat currency. In fact, the number of companies now accepting payments in cryptocurrency is enormously growing. They use third-party platforms specialized in cryptocurrency’s exchange, such as […]

Buying or Chartering a Yacht Using Cryptocurrency: What are the relevant issues?

Introduction The phenomenon of cryptocurrency and crypto technology and their relevant use in various industries is becoming more and more popular in recent years and its increase is occurring in a remarkable way. The yachting industry has also been positively affected by the use cryptocurrency. In fact, we have already witnessed the occurrence of yachts’ […]

Yachts and sustainability: a brief report of the Monaco Symposium on Luxury

On the occasion of the first day of the Monaco Symposium on Luxury organized by the International University of Monaco taking place in the Principality of Monaco from April 4 to 6, 2023, we attended a very interesting event named “New Forms of Luxury… For a Better Tomorrow”.  The speakers included Carlo Moltrasio of Bain […]

First Decision of An Italian Court on the Freezing of Russian Oligarchs Assets

Italy is fighting a legal battle over the assets of Russian oligarchs, and some of them are responding by appealing to the Lazio Regional Administrative Court. Indeed, behind the war in Ukraine there are legal disputes related to sanctions decided by the European Union against Russia and its oligarchs. In Italy, 28 of them are […]

A Guide to Buying a Property in Italy

CONTENTS INTRODUCTION PRELIMINARY STEPS STAGE 1: IRREVOCABLE PURCHASE OFFER STAGE 2: PRELIMINARY CONTRACT STAGE 3: DEED OF SALE AND PURCHASE TAXATION CONCLUSIONS   1. INTRODUCTION Italy is widely recognised for its abundance of cultural beauty and its remarkable geographical diversity, with which comes a rich and dynamic property market. The Italy Luxury Real Estate Market […]