In Italy, 22 January 2026 marked a turning point for the public sector. With the entry into force of Law No. 1/2026, the framework governing loss of revenue has been radically reshaped. The long-standing “fear of signing” may now be a thing of the past, but the reform has also sparked intense debate over whether […]

IVASS has launched a public consultation on a draft amendment to ISVAP Regulation No. 7/2007, aimed at updating the financial statement templates for insurance and reinsurance undertakings reporting under IAS/IFRS. The proposal incorporates recent updates to IFRS 9 and IFRS 7, introduces the impact of the new IFRS 18, and mandates specific disclosures regarding crypto-assets […]

IVASS has released Consultation Document No. 04/2026, dated 10 April 2026, setting out a draft amendment to IVASS Regulation No. 55/2024 (the “RIGA Regulation”) regarding the digital transmission of corporate and master data for insurance undertakings and groups. The consultation, open until 10 May 2026, specifically targets Articles 9 and 16 of Regulation No. 55/2024, […]

In the world of high-value maritime assets, the death of a Beneficial Owner (UBO) often triggers a legal storm that many stakeholders—captains, yacht managers, and heirs—are unprepared to weather. While European law has moved toward “legal unity” in inheritance, a fundamental disconnect remains between the courtroom and the marina. The EU Succession Regulation: A False […]

In business aviation, tax and customs exposure does not usually begin with a major dispute or a high-profile transaction. More often, it starts much earlier, and much more quietly, in the ordinary decisions surrounding the life of an aircraft. A change in ownership, a different operating pattern, time spent in another jurisdiction, or a shift […]

Summary of the Decision (Italian Tax Court of Appeal – Liguria, Judgment No. 200/2026) The Italian Tax Court of Second Instance (Liguria) upheld the taxpayer’s appeal against a first-instance decision concerning import VAT (€583,000 plus interest) assessed by the Italian Customs Authority. Background The case involved the owner of a yacht accused of breaching the […]

IVASS has confirmed that the DORA Register of Information must be submitted through Infostat and has set 31 March 2026 as the filing deadline for the relevant reporting activities. The deadline is restated both in the March operational notice and in the broader 2026 letter to the market. The reporting obligation applies to insurance and […]

IVASS has published its 2026 calendar of supervisory and statistical reporting, confirming the EU- and domestic-law reporting requirements to be submitted through Infostat. For foreign insurance undertakings operating in Italy, this is a particularly relevant update: a number of reporting obligations apply not only to Italian undertakings, but also to Italian branches of non-EEA insurers […]

Introduction This article analyzes the legal implications connected to the professions of brokers and yacht managers, that have key roles in the yachting industry, especially with regard to superyachts sale and purchases. In particular, Italian courts have recently ruled on the following topics: (i) “as is / as she lies” clauses and hidden defects; (ii) […]