IVASS (the Italian Institute for the Supervision of Insurance) has observed increasing congestion in claims settlement processes due to the rising frequency of extreme natural events. After gathering relevant information on claims management, the Authority found that some insurance companies have adopted a proactive approach, developing structured medium- to long-term plans to improve overall system […]
27
Feb
Feb
In a recent ruling, the Italian Supreme Court clarified the legal nature of posthumous ten-year insurance policies, which, pursuant to Article 4 of Legislative Decree No. 122/2005, builders are required to take out in favor of purchasers. The case before the Supreme Court involved a company that was using a warehouse under a lease agreement […]
italian version
La natura giuridica delle polizze decennali “postume”: una recente pronuncia della Corte di Cassazione
27
Feb
Feb
Con una recentissima pronuncia, la Suprema Corte ha chiarito la natura giuridica delle polizze decennali “postume” che, in base all’art. 4 D.lgs. n. 122 del 2005, le società costruttrici saranno obbligate a sottoscrivere in favore degli acquirenti. Partendo da una fattispecie posta all’attenzione del Supremo Collegio da una società utilizzatrice (in virtù di contratto di leasing) di un […]
italian version
Oblio oncologico: in che modo le imprese di assicurazione dovranno adeguarsi alla nuova normativa?
06
Feb
Feb
Il 3 febbraio 2025 si è conclusa la pubblica consultazione sullo schema di Provvedimento 9/2024 a modifica del Regolamento n. 40 del 2 agosto 2018. In attesa della pubblicazione da parte di IVASS degli esiti, si ricordano di seguito le principali novità introdotte dal Provvedimento. Lo scopo del Provvedimento n. 9/2024 è quello di dare […]
Updates
Right to be forgotten in oncology: how will insurance companies have to adapt to the new regulations?
06
Feb
Feb
On 3 February 2025, the public consultation on the draft Order No. 9/2024 amending Regulation No. 40 of 2 August 2018, ended. Pending the publication of the results by IVASS, the main new features introduced by the measure are recalled below. IVASS has submitted for public consultation draft Order No. 9/2024 which amends both Regulation […]
Updates
Corporate Governance and Bank Risks: The Italian Supreme Court Strengthens the Role of Non-Executive Directors
06
Feb
Feb
On November 20, 2024, the Italian Supreme Court (Cassazione Civile, Section II) issued ruling no. 29844, clarifying the responsibilities of non-executive directors in banking institutions. The Court ruled that the duty to “act in an informed manner,” as established by Article 2381 of the Italian Civil Code, applies to all directors, including those without executive […]
italian version
Governance aziendale e rischi bancari: la Cassazione rafforza il ruolo degli amministratori non esecutivi
06
Feb
Feb
La Corte di Cassazione, con la sentenza n. 29844 del 20 novembre 2024, ha affrontato il tema della responsabilità degli amministratori non esecutivi nelle imprese bancarie. La Corte ha stabilito che l’obbligo, previsto dall’art. 2381, ultimo comma, del codice civile, di “agire in modo informato” si applica anche agli amministratori privi di deleghe. Questi ultimi […]
16
Jan
Jan
As in previous years, our yachting team will proudly participate in two of the most prestigious events in the global marine industry: the Dubai International Boat Show, taking place from 19 to 23 February 2025, and the International Palm Beach Boat Show, scheduled for 21 to 24 March 2025. The Dubai International Boat Show is […]
16
Jan
Jan
In response to the question raised by an Italian company (“Alfa Srl”), specializing in the rental and leasing of passenger vessels, the Italian Revenue Agency (“Agenzia delle Entrate”) has issued a crucial resolution (Risposta n. 1/2025) that allows to apply for VAT exemption on a yacht undergoing a “major refit”. The resolution revolves around the […]
16
Jan
Jan
Flavio Briatore, after having been definitively acquitted of charges of tax fraud concerning his yacht “Force Blue,” has commenced legal proceedings before the Court of Turin to claim damages against both the court appointed administrator and certain judicial authorities involved in the case. Specifically, Mr Briatore is claiming EUR 12.66 million to compensate damages for […]