Telemarketing: the Italian Privacy Authority approves the Code of Conduct

By Order No. 70 of March 9, 2023, the Italian Data Protection Authority approved the Code of Conduct for Telemarketing and Teleselling Activities (hence also referred to as the “Code” or the “Conduct Code”). The Privacy Authority has assessed that the draft of the Code of Conduct, which was submitted by a number of associations […]

Discussion Paper: AI and insurability

The Actuarial Association of Europe – AAE – has published a discussion paper on artificial intelligence and the challenges that the increasing spread of technological innovation brings to the insurability of risks. Insurability depends on the ability to assess the risks faced by the policyholders. Policyholders share the same risks: each one pays a premium that corresponds […]

The preliminary technical assessment can be used against the insurance Company

The report of the preliminary technical assessment can be used against the insurance Company that did not participate in the proceedings and was then called upon to indemnify by the Local Health Authority (“Asl”) and the medical doctor in a professional liability dispute. The document can be filed in the judgement on the merits and […]

Professional liability insurance: inflation adjustment

EIOPA launched a consultation – pursuant to the Insurance Distribution Directive (IDD) – on the draft of the amendment to the Regulatory Technical Standards (RTS) for the adjustment of the basic amounts for professional indemnity insurance (PII) and for the financial capacity of insurance intermediaries. Pursuant to the IDD changes to the minimum amounts of […]

“Navigating the high seas” VAT exemption – only for vessels involved in a commercial activity

The Italian Revenue Agency (Agenzia delle Entrate), in its reply no. 175 of January 31, 2023 has confirmed that in order to benefit of the non-taxable VAT status provided for by Article 8-bis, (1) (a) of the VAT decree (Presidential Decree No. 633/72), it is not sufficient that the vessel is used for navigation on […]

No VAT on ordinary maintenance also for yachts under temporary importation

The Italian Revenue Agency (Agenzia delle Entrate), in its reply no. 254 of 17/03/2023, clarified that the fees for works of ordinary maintenance carried out by Italian suppliers on yachts under temporary importation regime are not subject to VAT pursuant to Article 9, paragraph 1, no. 9 of the VAT decree (DPR n. 633/72). The […]

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 […]