News - Page 13 of 39 - Studio Legale Mazza

16 June 2020

Sticky

Financial, Swap Agreement, Upfront Financing, Local Authorities, Court of Cassation, Sec. Un., Judgment no. 8770 of 12/05/2020

Posted by mazza

in News

TUEL, Legislative Decree no. 267 of 2000, arts. 42, paragraph 2, lett. i and 48, paragraph 2. SWAP AGREEMENT - STIPULATION BY LOCAL AUTHORITIES - AUTHORIZATION OF THE MUNICIPAL COUNCIL - NEED - FOUNDATION The Civil Civil Sections, deciding on a matter of maximum importance, stated that the authorization of the conclusion of a swap contract by the Italian Municipalities, especially if of the type with upfront financing, but also in all those cases in which the its negotiation, however, translates into the extinction of the previous underlying loan relationships or even their maintenance in life, but with significant modifications, must be...

23 May 2020

0 Comments

Sticky

Intellectual Property, Copyright, Transmission of Use Rights, Unfair Competition, Court of Cassation, I Section Civ., Judgment no. 8433 of 04/30/2020

Posted by mazza

in News

Art.110 Copyright Law n. 633 of 1941 _ Transmission of the Use Rights Art. 2598 of the Civil Code _ Unfair Competition Acts Passim Rights of economic use of the work This Court has recently affirmed the principle according to which article 110 is not applicable when the client has purchased the rights to use the work economically as a result and in execution of an intellectual work contract concluded with the author (Cass. June 24, 2016, n. 13171; conf. in the matter of contract relating to a format, Cass. 18633/2017): this is because, in this case, a transfer does not take...

16 May 2020

0 Comments

Sticky

Intellectual Property, Copyright, Portrait rights, Image reproduction, Court of Cassation, III Section Civ., Ordinance n. 8880 of 13/05/2020

Posted by mazza

in News

Art. 97 L. 631/1941 _ Use of the image _ Patrimonial and non-patrimonial damages. passim The display or publication of the image of others, in accordance with art. 10 c.c. and articles 96 and 97 L. no. 633/1941 of copyright, is abusive not only when it occurs without the person's consent or without the concurrence of the other circumstances expressly provided for by the law as suitable to exclude the protection of the right to privacy (such as the reputation of the subject taken up, the public office held by the same,...

21 April 2020

0 Comments

Sticky

Contracts, Trust Agreement with Real Estate Object, Judgment no. 6459 of 06/03/2020, United Civil Section, Supreme Court of Cassation

Posted by mazza

in News

The Civil Civil Sections, in resolution of a jurisprudential conflict, have affirmed the following principles of law: - “For the fiduciary agreement with real estate object that is grafted on a purchase made by the trustee on behalf of the trustee, the written form is not required. substantiam; it follows that this agreement, once tried in court, is suitable to justify the acceptance of the request for specific execution of the obligation of retransfer burdening the trustee "; "The unilateral declaration written by the trustee, acknowledging the fiduciary title of the property and promising its re-transfer to the trustee, does not constitute...

10 April 2020

0 Comments

Sticky

Business Contracts, Delegation of Payment, Judgment no. 7477 of 20/03/2020, III Supreme Section Court of Cassation

Posted by mazza

in News

passim The "ownership of the subjective position, active or passive, of the relationship of substantive law" inferred in court, is a constitutive element of the application and pertains, instead, to the merit of the decision, so it is up to the plaintiff to attach and prove it, with the consideration that the disputes by the defendant of the ownership of the controversial relationship are of a mere mistrust nature, which can be proposed at any stage of the judgment, without prejudice to any foreclosures accrued for the attachment and proof of impedimental, modifying or extinctive facts of the ownership of the...

25 March 2020

0 Comments

Sticky

Business Contracts, Financial Leasing, Translating Leasing, Termination for user default, Court of Cassation, III Section, Interlocutory Ordinance no. 5022 of 25/02/2020

Posted by mazza

in News

Applicability of art. 1, paragraphs 136-140, of law no. 124 of 2017 to past events Applicability by analogy normally occurring in this case (art.72-quater l.fall.) The Third Civil Section has referred the documents to the First President for the possible assignment to the United Sections of the following issues of particular importance: a) "if the interpretation of art. 1, paragraphs 136-140, of law 4.8.2017 n. 124, according to which this rule would impose to abandon (also for the events occurred before its entry into force) the traditional orientation that applies to the resolution of the translation lease the art. 1526 of the Italian...

18 March 2020

0 Comments

Sticky

Financial, Sustainable Finance, ESG Issues, Consob,

Posted by mazza

in News

Consob draws attention to the current investor protection measures applicable to intermediaries that provide investment services, if they address customers with an offer characterized by sustainability profiles (Attention call no. 1/20 of 12 March 2020). The so-called ESG issues (environmental, social, governance) have become, increasingly frequently, drivers for the distribution of investment products / services. Retail savers are also showing attention to "sustainability" profiles when choosing their investments. Pending the application of the legislative measures on sustainable finance being defined in the European context, the current regulatory framework already provides relevant indications for the intermediaries referred to in the Consob document. In the "Guidelines...

07 March 2020

0 Comments

Sticky

Financial, Stock Exchange, Investment Services,

Posted by mazza

in News

Mifid2, the second version of the European directive on the provision of investment services MIFID2: CONSOB STARTS A CONSULTATION WITH THE MARKET ON THE TRANSPARENCY OF THE INVESTMENT SERVICES COSTS Consob has started a consultation with the financial market in view of a "Recommendation on the ex post reporting methods of costs and charges connected with the provision of investment and accessory services". The regulation of disclosure to customers on the costs and charges associated with the provision of investment and accessory services represents one of the areas of greatest innovation and operational impact of Mifid2, the second version of the European directive...

29 February 2020

0 Comments

Sticky

Financial, Changes to the Regulation on the Collection of Capitals through Online Portals, Consob

Posted by mazza

in News

Article 50-quinquies of the TUF by Legislative Decree no. 165 of 25 November 2019 (so-called "MiFID corrective") Consob resolution no. 21259 of February 6, 2020 Consob, with resolution no. 21259 of February 6, 2020, amended the Regulation on raising funds through online portals, adopted with resolution no. 18592/2013 (Crowfunding Regulation), in order to adapt it to the changes made to article 50-quinquies of the TUF by Legislative Decree no. 165 of 25 November 2019 (so-called "MiFID corrective"). The Crowdfunding Regulation has therefore been adapted to the above described modification of the primary legislation. Consob points out that it was not necessary to start a...

22 February 2020

0 Comments

Sticky

Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob

Posted by mazza

in News

Communication no. 0088305 of 05 October 2016 Resolution no. 19654 of July 5, 2016 Consob launched a public consultation on 10 February 2020 relating to the periodic review of the provisions concerning the so-called rolling model for managing capital increases. The consultation follows Communication no. 0088305 of 05 October 2016, with which the Commission had established the entry into force of the rolling model on 15 December 2016, dictating specific recommendations to intermediaries, issuers and investors, aimed at facilitating its correct functioning. The rolling model applies only to hyper-dilutive capital increases and its application has made it possible to avoid price anomalies recorded -...