Tax regime for cryptoassets: Italian Tax Authorities” new circular letter out now
Written by Alessandro Dagnino, Alessandro Borsetto and Enricagiulia Brai On October 27th, 2023, the Italian Tax Authorities issued Circular Letter no. 30/2023 (referred to as the “Circular”), providing clarifications on the tax treatment of cryptoassets [...]
New Italian Legislation on the Communication of the Beneficial Owner to the Companies Register
– Written by Elmira Shahbazi and Hillary Giombetti The Ministry of Enterprises and Made in Italy (MIMIT) issued a decree on September 29th, 2023, published in Official Gazette No. 236 on October 9th, 2023, implementing a system for [...]
The “Asset Decree”: important innovations in the energy sector
– Alert by Pinella Altiero, Marco Muscettola, Alessia Francesca Sblendido On October 3rd, 2023, the Decree-Law of August 10th, 2023, no. 104 (the “Asset Decree”) was converted into law. The Asset Decree provides some important innovations in [...]
The Credit Servicing Directive: Promoting the EU Market for NPLs
– Written by Angelo Messore and Anna Travanini Directive (EU) 2022/2167 (the “Credit Servicing Directive”) introduced a common framework for the management and disposal of non-performing loans (“NPLs”). The Directive provides for new authorisation obligations for [...]
Asset Decree: news on foreign investment programs in Italy
– Alert di Pinella Altiero, Marco Muscettola, Alessia Francesca Sblendido On October 3rd, 2023, the Decree-law no. 104 of August 10th, 2023 (the “Asset Decree”), was converted into law. The Asset Decree provides the appointment by the [...]
The Regulation of Automated Market Making (AMM) Protocols under EU Law
– Written by Angelo Messore, Francesco Dagnino and Carlo Giuliano Decentralized Finance (“DeFi”) seeks to transform the financial industry by granting customers access to financial services with no need to involve financial institutions. DeFi protocols replicate established [...]
ELTIF 2 is coming: opportunities for asset managers
- Written by Angelo Messore and Federico Bonardi. The new European Long-Term Investment Funds Regulation (EU) No. 2023/606 (“ELTIF 2”) will become applicable on 10 January 2024. The Regulation introduces a more flexible framework for [...]
Italy opens the second round of its Fintech Sandbox
– Written by Angelo Messore, Francesco Dagnino and Andrea Berruto The Italian Ministry of Economy and Finance (MEF), the Bank of Italy, CONSOB and IVASS communicated the admission of a second series of projects for [...]
The principle of reciprocity in international law: equity and cooperation among States
- Written by Elmira Shahbazi and Hillary Giombetti Reciprocity: Definition Reciprocity in law refers to a principle of private international law that governs relations between states. Jurisprudence defines the principle of reciprocity as the "condition [...]
Digital evidence or documentary evidence? The probative value of screenshots in Italian criminal proceedings
- Written by Paolo di Fresco. The dizzying evolution of mass communications, with the technological innovations of the last twenty years, has inevitably impacted the criminal trial: on the one hand, it greatly expanded the [...]
The EU Proposal on Financial Services Contracts Concluded at Distance with Consumers
– Written by Angelo Messore, Francesco Dagnino and Carlo Giuliano Update on the status of the new proposal Digitalization has contributed to unpredictable developments and significant changes to the financial services market. Financial services offered [...]
TECNOLOGÍAS DE RECONOCIMIENTO FACIAL: con gran poder viene gran responsabilidad.
- Escrito por Aurora Agostini, Jessica Giussani y Giorgia Rastelli El 14 de junio de 2023, el Parlamento Europeo propuso la primera ley europea sobre inteligencia artificial (la "Ley de IA"), la cual, tras la [...]