By judgment no. 3308/2021 issued on 10 August 2021, the Court of Palermo has addressed particularly interesting legal issues, related to the trustee’s capacity to bring an action against the bank and to the illegal granting of credit by the bank, in the event that a company fails to meet the minimum essential requirements for […]
On December 23, 2021, IVASS published the new FAQ regarding insurance distribution, in view of a revision of the regulations on the subject. Below are the main points of the questions and clarifications provided by the Authority: Obligation to register in case of activities carried out partially by means of distance communication The registration obligation […]
Cyber attacks are now the order of the day in our country. On 20 October 2021, the Italian Society of Authors and Publishers (SIAE) was recently hit by a cyberattack from the Everest group, which stole 60GB of files containing data on artists and employees, including ID cards, addresses, contracts, and bank accounts. The hacker […]
On January 8, 2021, the luxury yacht “Blanca” of fifty meters length, flying the British flag, built-in 2008 by Baglietto Shipyard, was confiscated by the Italian Financial Police (Guardia di Finanza) off the coast of Genoa, Italy. The owner of the yacht, a well-known Italian entrepreneur and owner of a concrete manufacturing company and of […]
On 16 September 2021, the Court of Justice of the European Union has decided on case no. C-341/20. With this, the EU Court has stated the infringement of Article 14, paragraph 1, letter c) of the Directive no. 2003/96/EC restructuring the Community framework for the taxation of energy products and electricity by the Italian State. […]
Last October, the Authority for the Protection of Personal Data published a vademecum containing some suggestions for creating and managing passwords to prevent data breaches, which are becoming increasingly frequent. First of all, with particular reference to the creation of passwords, the Authority clarifies that a good password, to be defined as ‘strong’, must be […]
On November, 4th 2021, IVASS issued Regulation no. 49 laying down the procedures to adopt the measures envisaged by the Decree of the Ministry of Economy and Finance no. 100/2021 implementing the Legal Decree 30 April 2019, n. 34 (so-called “Decreto Crescita”) establishing the conditions and the modalities how to conduct the trial in the […]
With 377 votes in favour, 248 against, and 62 abstentions, the European Parliament passed a resolution on 6 October 2021 calling on the European Commission to establish a permanent ban on biometric video surveillance in public. In particular, the Parliament requested the Commission to put all necessary tools to prevent any processing of biometric data, […]
On 22 October 2021, in consideration of the evolution of European regulations, IVASS and CONSOB signed a Framework Agreement to strengthen the long-standing cooperation between the two Authorities, in order to better guarantee the investors and policyholders in their financial transactions and ensure a higher stability of the financial and insurance system. To this purpose, […]
On 16 September 2021, two meetings were held between the Italian Data Protection Authority and representatives of Facebook and Luxottica to discuss the privacy implications of bringing Ray-Ban “Stories” smart glasses to market. The wearable device allows users to send photos and record videos by voice command or by pressing a button, collecting images and […]
