AML PACKAGE: TOWARD NEW EUROPEAN LEGISLATION
- Posted By Giovanna Aucone
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- 31 January 2022
The Financial Intelligence Unit for Italy (FIU) has provided updates on the ambitious European reform package, “AML Package”, aimed at strengthening the legislation on money laundering and terrorist financing, published by the European Commission on 20 July 2021. Specifically, the…
Retroactivity of the Increase in Insurance Limits
- Posted By Giovanna Aucone
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- 27 January 2022
On December 12, 2021, the EU Court of Justice issued sentence no. 428 expressing its opinion on the issue regarding the increase in insurance limits. According to the Court, in the light of Directive 84/5 and Directive 2009/103, a motor…
Limitation of Liability of the Land Carrier: First Observations on Art.30-bis of Law Decree no. 152/2021 Converted by Law no. 233 of 29.12.2021 (PNRR Decree).
- Posted By Rosa Abbate
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- 21 January 2022
The recent measures implementing the PNRR have concerned, among other things, the matter of the carriage of goods and the forwarding contract, making some changes to the rules of the Civil Code, in particular on sensitive issues such as the…
Italian Revenue Agency Clarifies Customs and VAT Fulfillments Post-Brexit for Pleasure Yachts
- Posted By Gianfranco Puopolo
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- 20 January 2022
The Italian Revenue Agency – Agenzia delle Entrate (“AE”) was recently asked to clarify the customs and VAT obligations to be fulfilled by a British-flagged yacht sailing in Italian territorial waters after the United Kingdom became a non-EU state on…
The Authority’s New Cookie Guidelines are Effective on January 10, 2022
- Posted By Pierangela Rodilosso
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- 10 January 2022
The operational indications contained in the new guidelines on cookies and other tracking tools adopted by the Authority to protect personal data with the provision of June 10, 2021 have become operative from January 10, 2022. The primary purpose of…
Judgment Summary: Joint Liability of Credit Institute and Company Directors in the Event of Failure to Verify Creditworthiness.
- Posted By Giovanna Aucone
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- 10 January 2022
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…
IVASS: Clarifications Regarding the Regulations on Insurance Distribution
- Posted By Giovanna Aucone
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- 28 December 2021
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…
Privacy and Cyber Attacks: The Case of SIAE
- Posted By Pierangela Rodilosso
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- 20 December 2021
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…
Superyacht’s Confiscation for Disproportionality and the Relevant Decision of the Italian Court of Cassation
- Posted By Gianfranco Puopolo
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- 15 December 2021
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…
No Exemption From Payment Of Excise Duty On Fuel For Yacht Charter
- Posted By Gianfranco Puopolo
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- 6 December 2021
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…