Artificial Intelligence Act: key hurdle cleared by the EU

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 […]

ESMA : Call for Evidence on sustainability in product suitability and governance

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 […]

European Parliament Agrees It’s Position on Corporate Sustainability Due Diligence (CSDD) Directive

European Parliament Agrees It's Position on Corporate Sustainability Due Diligence (CSDD) Directive.

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 […]

What Happens If The PEC Mailbox Of A Recipient Is Full?

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 […]

Anti-Money Laundering: Consultation Paper no. 4/2023 Published by Ivass

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 […]

News on the calculation of technical provisions

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 […]

Insurance Law Global Grows Network With the Additions of Argentinian, Italian and French Law Firms

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/

Wrongful Action And Breach Of Trust: Ordinary Judge To Decide

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 […]

Anti-Money Laundering: New Anomaly Indicators

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 […]