News - Page 12 of 36 - Studio Legale Mazza

21 November 2019

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Environment, Environmental Pollution, Council of State, A. P. Judgment of 22 October 2019 n. 10

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Pollution - Environmental pollution - Reclamation - Company taking over as a result of merger by incorporation into the responsible company - Responsible for facts of the original company - Limits The remediation of the polluted site can also be ordered by a company not responsible for the pollution, but that takes over it due to the merger by incorporation, in the regime previously subject to the reform of company law, and for conduct prior to when the remediation was introduced into the legal system, the damaging effects of which remain at the time of the adoption of the provision. The question...

16 November 2019

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Financial, Consob and Bank of Italy, Memorandum of Understanding on investment services and activities and collective asset management

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Leg. n. 129 of 2017 implementing the Mifid II directive Consob and the Bank of Italy signed a new Memorandum of Understanding on investment services and collective asset management on November 5, 2019, intended to replace the previous Protocol of October 31, 2007. The update is aimed at adapting the framework of cooperation between the two authorities to the regulatory changes that have occurred in recent years and intends to increase the overall degree of effectiveness and efficiency of the coordination of the respective supervision activities. In summary, the new Protocol: a) redefines the scope of the collaboration between the Bank of Italy and...

02 November 2019

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Administrative, Administrative proceedings, Self-protection, Consortium of Industrial Development, Lazio Tar, Section Two Quater, 23/10/2019, Judgment n. 12198

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Proceedings - Start-up notices - Contributions and loans - Industrial Development Consortium - Assets assigned to restore the production destination - Repurchase - Need for the participation phase. The possibility of repurchasing a production asset assigned by the Industrial Development Consortium to private entrepreneurs in order to restore the production destination set forth in art. 63, l. December 23, 1998, n. 448, affecting legal relationships in progress, must take place in compliance with the procedural guarantees sanctioned by art. 7, l. n. 241 of 1990 (1). (1) The TAR has clarified that the assignment in ownership or the granting in use of...

02 November 2019

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Administrative, Urban Planning, Public Service, Destination of an area to standards, Uti cives, State Council, Section Fourth, 17/06/2019, Judgment n. 4068

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The destination of a standard area is finalized by means of a servitude of public use to the use of the same by the entire indistinct community of citizens (uti cives) and not limited use (uti singuli) by the users of the units only real estate in relation to which the obligation to provide standards has arisen (1). (1) The municipality of ...

26 October 2019

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Administrative, Urban Planning, Strategic Relevance of the Overall Public Works Project, TAR Molise 06 June 2019 Judgment n. 209

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Strategic relevance of the overall public work project and consequent need to submit it to administrative procedures in environmental matters Environment - Strategic environmental assessment - Public work - Strategic relevance for urban mobility - Public utility declaration - Master Plan - Variant - Omitted strategic environmental assessment - Illegitimacy. Environment - Strategic environmental assessment - Public works - Strategic relevance for urban mobility - Declaration of public utility - Verification procedure of being subject to environmental impact assessment - Limited to part of the work - Illegitimacy Pursuant to the articles 5 and 6 of Legislative Decree n. 152/2006, must be submitted...

26 October 2019

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Financial, Companies, Crowdfunding, SME Bonds, Consob

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Art. 100 - ter Tuf Consob Resolution n. 21110 of 10 October 2019 Amendments to Consob Regulation n. 18592 of 26 June 2013 on the collection of risk capital through online portals and subsequent amendments and additions (Crowdfunding Regulation) for the adaptation to the changes introduced by the 2019 budget law Crowdfunding: the bonds of SMEs are also admitted to the offer, Consob amends the Regulations to extend the operation of the portals The sources of financing for small and medium enterprises (SMEs) are widening. In fact, crowdfunding portals will no longer be able to offer capital securities only, such as shares or quotas, but...

21 October 2019

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Financial, Companies, Italian Bond Markets, ExtraMOT PRO³, Borsa Italiana

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Launch of EXTRAMOT PRO³ the new bond segment of Borsa Italiana dedicated to SMEs ExtraMOT PRO3 was presented on the Italian Stock Exchange, the bond segment for the growth of small and medium-sized companies and companies not listed on regulated markets and / or with an issue value of less than 50 million Euro, dedicated to the listing of bonds or securities of debt. ExtraMOT PRO3 represents a natural evolution of the already existing ExtraMOT PRO professional segment of Borsa Italiana and has the aim of increasing the visibility of the companies, accompanying them on a path of development and approach to...

11 October 2019

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Administrative, Configurability of joint public control in companies owned by a number of public administrations, Anac

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Resolution number 859 of 25 September 2019 Configurability of joint public control in companies owned by a number of public administrations for the purpose of initiating the supervisory procedure for the application of the law on the prevention of corruption and transparency pursuant to Law 190/2012 and Legislative Decree 33/2013. Normative references: art. 2-bis, co. 2, lett. b) of Legislative Decree 33/2013; art. 2, co.1, lett. b) and m) of Legislative Decree 175/2016. Companies owned by several public administrations - joint public control. For the purposes of carrying out its supervisory activities with companies in which several administrations hold shares, the Authority considers majority...

09 October 2019

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Financial, Italian Financial Conglomerates, Consob

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Legislative Decree n. 142/2005 ("conglomerates decree") Bank of Italy, Ivass and Consob The list of Italian financial conglomerates as at 31 December 2018 was updated On the basis of the provisions of the Coordination Agreement signed on March 31, 2006, the Bank of Italy, Ivass and Consob updated the list of Italian financial conglomerates, that is to say those corporate groups that perform business to an extent significant in both the insurance and banking sectors and / or investment services. Supervision of financial conglomerates is exercised, pursuant to Legislative Decree no. 142/2005 ("conglomerates decree"), with the supplementary supervisory tools in addition to those...

28 September 2019

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Banking and Companies, Internationalization, Chinese Market

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From banks over 7 billion to support the commercial and financial operations of companies in the high potential sectors of the Chinese market Economic Forum held in Tianjin, on the occasion of the entrepreneurial mission dedicated to SMEs, organized by the Cassa depositi e prestiti (CDP), for the Italian part, and Bank of China (BoC), for the Chinese side, in coordination with the Ministry of Development Italian economic (MiSE) and the Chinese Ministry of Commerce (MOFCOM) and with the support of ABI, Confindustria and ICE Agency. The aims of the "five banks participating in the mission" are as follows: a) reinforce the support...