On January 12, 2025, Law No. 203 of December 12, 2024 (the Law) enters into force, which aims to streamline and expedite several legislative and procedural requirements, with a particular focus on increasing flexibility...more
Following a public consultation launched early this summer, on 11 December 2023 CONSOB (i.e. the Italian Securities and Financial Markets Authority) published the final version of the Regulation on the issuance and transfer...more
The 29 September 2023 Decree of the Ministry of Enterprise and Made in Italy (the Provision) finally implementing the Register of Ultimate Beneficial Owners (the UBO Register), as required by Legislative Decree 231/2007 (the...more
Among the main innovations, we highlight: The provision redefines the grounds upon which a fixed-term employment contract of a duration exceeding 12 (and in any case not exceeding 24) months can be stipulated. It is, in fact,...more
The second issue of our newsletter focuses on some recent developments that have affected different areas of the EU and Italian regulatory framework over the last few months.
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On 1 April 2023, Legislative Decree 31 March 2023, No. 36 entered into force in Italy as the new Public Procurement Code (the Code) which will apply to new public tenders from 1 July 2023 onwards.
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The decree implementing the EU Directive 2020/1828 was published in the Italian Official Journal, thereby introducing representative actions, a new instrument for the protection of the collective interests of consumers...more
Law Decree No. 13/2023 introduces long-awaited simplification measures in the renewable sector....more
In our publication of 16 December 2020, we gave an overview of Italian case law in 2020 on the nullity of Interest Rate Swap (IRS) contracts: the majority of the decisions published at that time declared such contracts null...more
Individuals who refuse to provide financial market authorities with answers that may establish their liability and trigger administrative sanctions of criminal nature cannot be punished.
In Case C-481/19, on 2 February...more
In the specific case submitted for its consideration, the Court of Florence established the following question of law: "whether a judge, who is asked generically to order the defendant to pay interest, without any other...more
Article 22 of Law Decree No. 183 of 31 December 2020 (the so-called “Milleproroghe Decree”) allows certain regulated firms based in the United Kingdom to continue operating in Italy for six months post-Brexit to a limited...more
The amendment is included in a first draft of the Italian Budget Law for 2021 to be discussed by the Italian Parliament during the next month....more
On 1 March 2020 the law (the Law) converting law decree No.162 of 30 December 2019 (the so-called Milleoproroghe Decree) came into force. ...more
On January 10, the Council of Ministers adopted the legislative decree implementing delegated law no. 155 of 19 October 2017 (Delega al Governo per la riforma organica delle discipline della crisi di impresa dell’insolvenza),...more
On 1 October 2018, the amendment no. 23 of 25 September 2018 to the Circular no. 285 of 17 December 2013 (Disposizioni di vigilanza per le banche) (Circular no. 285) entered into force, which revises the rules regar?ding...more
In data 1° ottobre 2018 è entrata in vigore nell’Unione Europea la Direttiva (UE) 2016/97 del 20 gennaio 2016 (nota come Insurance Distribution Directive – IDD, di seguito la Direttiva) che apporta rilevanti modifiche alla...more
On 29 September 2018, Decree no. 107 of August 10, 2018 (the Decree), which amends the Italian legislative provisions to transpose the Market Abuse Regulation no. 596/2014 (the MAR ) in Italy, will enter into force. Inter...more
Earlier today, the Italian Parliament approved the Italian Budget Law for the year 2018 (the 2018 Budget Law), which provides, inter alia, for amendments to Italian Legislative Decree no. 385 of 1 September 1993 (the Italian...more
On 22 November 2017, the Italian Securities and Exchange Commission (Consob) released a warning notice (the Warning) in relation to the closure of the SeDeX regulated market and the launch of the SeDeX multilateral trading...more
On 15 November 2017, the Italian Parliament approved a law (the Law) which amends some current Italian law provisions in order to introduce the regulation of the whistleblowing in Italy. The Law will enter into force upon...more