PG Legal

23/06/2023

On 14 June 2023, IVASS published Consultation Paper No. 4/2023 (hereinafter also referred to as the “Paper”), which sets out the proposed amendments and additions that the Institute intends to make to IVASS Regulation No. 44/2019 (hereinafter also referred to as the “Regulation”) in order to bring it fully into line with the EBA (European Banking Authority) Guidelines on Policies and Procedures for Compliance Management and the Role of the AML (Anti-Money Laundering) Officer. (EBA/GL/2022/05). ...

IVASS - Istituto per la Vigilanza sulle Assicurazioni, European Banking Authority, The AML (Anti-Money Laundering) Training Academy and Advisory LLC

On 14 June 2023, IVASS published Consultation Paper No. 4/2023 (hereinafter also referred to as the "Paper"), which sets out the proposed amendments and additions that the Institute intends to make to…

21/06/2023

With the order of 19 January 2023, n. 1567, the Supreme Court of Cassation in nomophilactic function, affirmed a very important principle of law according to which, jurisdiction belongs to the Administrative Judge only in matters in which the cause of the claims is exactly rooted in modalities of the exercise of Administrative power. In […]

With the order of 19 January 2023, n. 1567, the Supreme Court of Cassation in nomophilactic function, affirmed a very important principle of law according to which, jurisdiction belongs to the…

19/06/2023

Through time, jurisprudence has been called upon to settle three main issues : a) whether a linked policy is valid where the demographic risk is totally absent or irrelevant; b) whether a linked policy where the demographic risk is present but not prevalent can still be classified as an Insurance transaction on the basis of the supervisory regulations with particular reference to Regulation and Distribution; and finally c) whether or not a linked policy can truly be considered Life Insurance and, therefore, receive the protection referred to in art. 1923 civil code...

Read more on https://www.pglegal.it/unit-linked-policies-insurance-nature/

Through time, jurisprudence has been called upon to settle three main issues : a) whether a linked policy is valid where the demographic risk is totally absent or irrelevant; b) whether a linked…

16/06/2023

We are pleased to announce that PG Legal has officially become a member of ILG Insurance Law Global, a prestigious international network of leading insurance law firms. This strategic partnership reinforces our commitment to providing exemplary legal services in the insurance sector. For more information, please see the official press release on the ILG website:

https://www.insurancelawglobal.com/news-views/articles/insurance-law-global-grows-network-to-11-members-with-the-additions-of-argentinian-italian-and-french-law-firms/

14/06/2023

https://www.pglegal.it/nfts-and-the-metaverse-another-legal-landmark-on-the-european-stage/

The landmark Italian ruling between Juventus F.C. and Blockeras s.r.l. at the end of last year, notably the first time a European court has deemed an NFT to be infringing IP rights…

07/06/2023

https://www.pglegal.it/eba-launches-a-new-signposting-tool/

On 2 May 2023, the European Banking Authority (EBA) published the first version of a new "interactive" signposting tool for supervisory reporting. The new Tool comes in response to recent changes in…

31/05/2023

Art. 44, paragraph 2, of Decree-Law 48/2023, published in the Official Gazette on 4 May 2023, provides for an increase in the TMR rate (and consequently the IVCA rate) to 0.6% as from the 2023 tax…

29/05/2023

https://www.pglegal.it/measures-against-the-financing-of-companies-producing-mines-and-ammunition/

Until 12 June 2023, the document on the "Instructions of the Bank of Italy, COVIP, IVASS and MEF for the exercise of enhanced controls on the work of authorized intermediaries to counter the financing…

26/05/2023

https://www.pglegal.it/the-introduction-of-the-confiscation-by-equivalent-in-italyfor-the-crime-of-smuggling/

The change The Italian Legislative Decree n. 156/2022 amended article 301 of the TULD (Italian Consolidated Text of Custom Laws), allowing the possibility of equivalent value confiscation for the…

24/05/2023

On the 10th of May 2023, IVASS Provision No.131/2023 was published on the website of the Institute for the Supervision of Insurance. This document contains amendments and additions in the field of sustainable finance to the following four regulations in order to bring the Italian secondary legislation in line with the already directly applicable European regulations...

Read more on https://www.pglegal.it/ivass-provision-no-131-2023/
For more information: Giovanna Aucone

On the 10th of May 2023, IVASS Provision No.131/2023 was published on the website of the Institute for the Supervision of Insurance. This document contains amendments and additions in the field of…

16/05/2023

https://www.pglegal.it/yacht-construction-and-purchase-in-italy-legal-profiles/

INTRODUCTION The construction and purchase of yachts in Italy is a rather complex procedure from a legal and fiscal point of view. For this reason, in order to ensure the best possible experience…

11/05/2023

https://www.pglegal.it/artificial-intelligence-and-privacy-the-chatgpt-case/

With provision no. 112, as of 30 March 2023 the Italian Data Protection Authority (GDPA – The Guarantor for the protection of personal data in Italy) ordered the immediate temporary limitation on the…