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Overview of ICC Incoterms 2020

2020-03-10T14:07:26+00:001 January 2020|Categories: Legislative Updates, Regulatory and Compliance|Tags: , , , , |

On 10 September 2019, the International Chamber of Commerce (the "ICC") released Incoterms 2020, the ninth version of the Incoterm Rules on domestic and international trade, which will enter into effect on 1 January 2020. This article highlights the main changes made by the ICC and aims to provide practical Read More

Council of the European Union gave its green light to the new Copyright Directive

2019-04-16T08:48:50+00:0015 April 2019|Categories: EU Law, IP Law, Legislative Updates, Market trends|Tags: , , |

On 26 March 2019, Members of the European Parliament adopted the new Copyright Directive in plenary by 348 votes in favour, 274 against and 36 abstentions. This vote marked the end of the legislative process for the European Parliament that began in 2016. The text adopted by the European Parliament needed Read More

Italy adopts new law on class action

2019-04-15T17:03:05+00:003 April 2019|Categories: Legislative Updates|Tags: , , , |

Italy’s upper house of Parliament on Wednesday definitively approved draft law no. 844, thus these provisions are binding law. The law approved by the Senate has not yet been published in the Italian Official Gazette. However, the new provisions provide a 12 months transition period. Accordingly, the new law will Read More

Brexit: Italian measures for UK insurers and intermediaries

2019-04-16T10:39:14+00:0022 March 2019|Categories: Legislative Updates, Regulatory and Compliance|Tags: |

The Italian Government approved a draft law decree aimed at ensuring financial stability and market integrity in the event of hard Brexit (the "Decree"). The final version of the Decree is expected to be issued soon and will enter into force upon the publication on the Official Journal. Amendments in Read More

New IVASS Regulation on transparency, advertising and creation of insurance products from 2019

2019-04-07T12:42:07+00:001 October 2018|Categories: Legislative Updates, Regulatory and Compliance|Tags: |

Following the incorporation into Italian national laws of the Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution IVASS (the Italian insurance regulator) has issued the new Regulation no. 41 of 2 August 2018 on disclosure, advertising and creation of insurance Read More

New Rules on Insurance distribution from 2018

2019-04-08T08:30:58+00:0012 June 2017|Categories: Legislative Updates, Regulatory and Compliance|Tags: |

Following the approval of the Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) it is now time to assess the aim of such Directive, taking into account that EU countries shall incorporate it into national law by 23 February Read More

New IVASS Regulation on simplification measures for contractual relationships

2015-03-03T21:00:03+00:003 March 2015|Categories: Legislative Updates, Regulatory and Compliance|Tags: |

Following the public consultation launched on 18 March 2014, IVASS published the Regulation No. 8 of 3 March 2015 concerning measures to simplify the administration of contractual relationships between insurance undertakings, intermediaries and clients. The Regulation implements Article 22, paragraph 15-bis of Law Decree No. 179 of 18 October 2012, as Read More

The return of the Italian mandatory mediation procedure

2013-09-21T21:00:33+00:0021 September 2013|Categories: Legislative Updates|Tags: |

On 24 October 2012, the Italian Constitutional Court declared invalid the provision of Legislative Decree n. 28 dated 4 March 2010 which had implemented the mandatory mediation procedure for the resolution of certain disputes. Article 87 of the Italian Decree Law No. 69 of 21 June 2013 reintroduced the mandatory mediation for Read More

The Italian mandatory mediation procedure of cross-border and domestic disputes is effective as of 20 March 2011

2011-03-21T21:00:12+00:0021 March 2011|Categories: Legislative Updates|Tags: |

By Legislative Decree No. 28 dated 4 March 2010 (the “Decree”), the European Mediation Directive 2008/52/EC (the Directive) has been implemented in Italy. The Directive is part of a European-wide initiative to promote and regulate the development of mediation throughout the EU. The Directive itself should apply only to mediation in cross-border disputes, but Read More

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