On the 14th of June 2023, the European Parliament approved the proposal for a Regulation on Artificial Intelligence – “Artificial Intelligence Act” (hereinafter also only the “AI Act” or the “Regulation”), first proposed on 21.04.2021 by the European Commission . The Regulation in question aims to ensure that the use and development of AI takes […]
The European Securities and Markets Authority (ESMA), – by means of a Call for Evidence (CfE) has invited companies subject to Directive 2014/65/EU – i.e. investment firms and credit institutions providing investment advice, Fund management companies (UCITS) and external alternative investment fund managers (AIFMs) – to submit inputs on the integration of sustainability preferences into […]
In recent years, EU Institutions have been asking large companies operating in the EU to assume an increasingly responsible attitude towards the protection of human rights and the environment. In this regard, on June 1, 2023, the European Parliament adopted the amendments to the Corporate Sustainability Due Diligence (CSDD) Regulation and amending Directive. This Directive […]
With judgment no. 2193 of 24 January 2023, the Supreme Court’s Legitimacy Judges revisited the subject of how to successfully complete Certified Electronic Post (PEC) transfers in the event that the recipient’s mailbox is full. This issue concerning PEC has been the subject of attention on several occasions by the Supreme Court of Cassation, which […]
On 14 June 2023, IVASS published Consultation Paper No. 4/2023 (hereinafter also referred to as the “Paper”), which sets out the proposed amendments and additions that the Institute intends to make to IVASS Regulation No. 44/2019 (hereinafter also referred to as the “Regulation”) in order to bring it fully into line with the EBA (European […]
On 6 June 2023, IVASS published Order no. 132/2023 with amendments and additions to Regulation no. 18/2016 which governs the application rules for determining technical provisions. With this Order , IVASS incorporates the Guidelines formulated by the European Insurance and Occupation Pensions Authority (EIOPA) thereby harmonizing the criteria and methods for forming technical provisions with […]
We are pleased to announce that PG Legal has officially become a member of ILG Insurance Law Global, a prestigious international network of leading insurance law firms. This strategic partnership reinforces our commitment to providing exemplary legal services in the insurance sector. For more information, please see the official press release on the ILG website: https://www.insurancelawglobal.com/news-views/articles/insurance-law-global-grows-network-to-11-members-with-the-additions-of-argentinian-italian-and-french-law-firms/
Through time, jurisprudence has been called upon to settle three main issues : a) whether a linked policy is valid where the demographic risk is totally absent or irrelevant; b) whether a linked policy where the demographic risk is present but not prevalent can still be classified as an Insurance transaction on the basis of […]
With the order of 19 January 2023, n. 1567, the Supreme Court of Cassation in nomophilactic function, affirmed a very important principle of law according to which, jurisdiction belongs to the Administrative Judge only in matters in which the cause of the claims is exactly rooted in modalities of the exercise of Administrative power. In […]
On 12 May 2023 the Financial Intelligence Unit of the Bank of Italy (“FIU”) issued a new Regulation (hereafter referred to as the “Regulation”) in implementation of the power conferred on it by art. 6, paragraph 4, letter e), of Legislative Decree 231/2007 (hereafter referred to as the “anti-money laundering decree”) in which are contained […]
