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 […]
13
Jan
Jan
Massima: La collocazione delle polizze unit-linked c.d. “pure” tra i prodotti finanziari e la conseguente applicazione alle stesse degli artt. 21 e 23 del TUF, deriva dall’assenza della natura assicurativa del contratto. Si tratta, dunque, di prodotti finanziari e non assicurativi tutte le volte in cui, al verificarsi della morte dell’assicurato, l’Assicurazione non garantisce alcuna […]
italian version
Decreto Ministeriale n. 215, pubblicato il 9 gennaio 2025 sulla Gazzetta Ufficiale Italiana
13
Jan
Jan
È stato pubblicato sulla Gazzetta Ufficiale del 9 gennaio 2025 il Decreto Ministeriale sull’Arbitrato Assicurativo n. 215, relativo alle controversie ADR in materia assicurativa e ai criteri per la costituzione dell’organo decidente. Ai sensi di tale Decreto Ministeriale, l’Arbitro Bancario Assicurativo è istituito presso l’IVASS ed è competente per le controversie relative ai contratti di […]
13
Jan
Jan
Abstract: The placement of so-called “pure” unit linked policies among financial products and the consequent application of articles 21 and 23 TUF (consolidated law on finance), depends on the absence of the insurance nature of the contract. Therefore, whenever the Insurance Company does not guarantee the restitution or reimbursement of the invested premiums upon the […]
13
Jan
Jan
The Ministerial Decree on Insurance Arbitration n. 215, concerning ADR disputes relating to insurance matters and the criteria for the constitution of a decision-making body, was published in the Italian Official Gazette dated 9 January 2025. Pursuant to this Ministerial Decree, the Insurance Arbitrator is established with IVASS and shall have jurisdiction for disputes concerning […]