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 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 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 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’ […]
An insurance contract must set out transparently, in plain, intelligible language, the functioning of the insurance arrangements
The Unfair Terms in Consumer Contracts Directive (see Council Directive 93/13/EEC of 5 April 1993 on unfair terms in consumer contracts) provides that consumers are not bound by unfair clauses […]
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 […]