After years of consultation, drafting and negotiation, the EU Artificial Intelligence Act (EU AI Act) was finally published in the EU's Official Journal on 12 July 2024. This marks a major step forward towards a more sustainable and secure future of AI, globally.Key rules and requirements1. Global reach: The EU Read More
We are here to help you navigate the challenges you and your organization may be facing as a result of the Russian military's invasion of Ukraine.
Italy: The Italian government adopted urgent and extraordinary measures aimed at allowing companies to call ordinary shareholders' meetings within 180 days of the end of the financial year, as well as to facilitate the holding of shareholders' meetings, in compliance with the provisions aimed at reducing the risk of contagion (contents are in Italian).
The European Securities and Markets Authority ("ESMA") has issued a decision temporarily requiring the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority ("NCA") if the position reaches or exceeds 0.1% of the issued share capital after Read More
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
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
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
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
The European Commission has published a roadmap concerning its forthcoming Green Paper on retail financial services and insurance. The roadmap notes that the Green Paper, when published, will seek stakeholders’ views on how to bring about better outcomes for consumers and firms in terms of better access, more transparent markets, Read More
