Legal Framework and Competent Authorities Purchasing or selling an aircraft registered in the Italian Civil Aviation Registers requires an extensive knowledge of the Italian Navigation Code (“INC”) – which includes a specific section on navigation by air –, as well as of the special legislation at EU level and of the international conventions governing all […]
Selling a business aircraft in Europe or Monaco in 2025 involves a layered process that blends international tax and Customs planning with transactional discipline: title transfer, due diligence, payment structuring, and regulatory compliance must all be synchronized. From the aircraft’s location to the buyer’s tax status, each variable can materially affect the outcome. In this […]
A company sued its lawyer and its accountant before the Court of Rome, seeking a declaration of their professional liability for tax‑related advisory services and asking that they be held jointly and severally (or, in the alternative, pro rata) liable for the damages allegedly suffered. After reviewing all the documents filed in the proceedings, the judge […]
In the placement of unit-linked insurance policies[1], distributors are required to provide policyholders with clear and complete information — in a word, transparent. That is, the client — particularly if a retail investor[2] — must be put in a position to fully understand the characteristics of the product they are about to sign up for […]
Introduction and Regulatory Background In the yacht-leasing sector, Italian VAT law lays down a special regime for pleasure yacht used outside the European Union. Under Article 7-sexies(1)(e-bis) of Presidential Decree No 633/1972 (introduced by Law No 160/2019), only the portion of the leasing service corresponding to use within the EU is territorially relevant and therefore […]
As of May 26, 2025, the official website of the Insurance Arbitator (Arbitro Assicurativo) is online. This body, established under the Decree of the Italian Ministry of Business and Made in Italy of 6 November 2024, No. 215, is intended to serve as an alternative dispute resolution (ADR) mechanism between consumers and insurance companies or […]
As the European Union tightens its grip on financial crimes, the luxury goods industry finds itself at a pivotal crossroads. The recently enacted Anti-Money Laundering (AML) Package introduces stringent measures that could redefine operations within this high-value market. On June 19, 2024, the European Union published a comprehensive AML Package in its Official Journal, comprising: […]
With Resolution No. 39/E dated 6 June 2025, the Italian Revenue Agency has introduced tax code 2510, to be used by insurance companies when paying stamp duty on communications related to life insurance contracts, calculated for each year up to and including 2024. The first payment deadline is set for 30 June 2025. This new […]
In a recent ruling dated May 6, 2025, the Court of Tempio Pausania declared the inadmissibility of a precautionary arrest of a pleasure yacht. The Court held that the notification of the arrest application and the related decree, when made abroad exclusively under Article 151 of the Italian Civil Procedure Code, is ineffective in the […]
In a noteworthy judgment delivered on 11 April 2025, the Court of Como ruled on the interpretation of clauses in an insurance policy covering property damage. A British couple who owned a house in the municipality of Laglio had taken out an insurance policy through a friend who acted as an intermediary with an Italian […]
