News – Law Firm Mazza

09 December 2024

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Intellectual property, Copyright and generative AI, Music and audiovisual sectors, Economic values in the next five years

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GEN AI: 22 billion in copyright collection at risk in five years CISAC economic study published. Lack of rules for the protection of creators' rights and transparency rules. CISAC (the International Confederation of Societies of Authors and Composers, representing over 5 million creators) has released the first ever global study on the economic impact of AI on the music and audiovisual sectors. Generative AI is estimated to enrich technology companies but significantly undermine the earnings of human creators over the next five years. In fact, it is estimated that the market for musical and audiovisual content generated by AI will grow from the current 3...

09 December 2024

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Industry, Big Enterprises, Production, expectations worsen in November

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The November survey signals a marked worsening of expectations among the large industrial companies associated with Confindustria. Almost half of the companies interviewed (46.9%) expect a moderate or significant contraction in industrial production compared to the previous month. However, the percentage of companies that estimate stable production remains high, standing at 46.8%. Only a small share, 6.3%, hypothesizes a moderate increase in production activity, while none predicts a significant increase, marking a negative picture after months in which production was considered stable or growing (Graph 1). According to industrialists, demand and orders are confirmed to be the main strengths supporting production in the coming months. The balance between...

04 November 2024

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Administrative, Energy from renewable sources, Agreement with GSE, Council. State, Section II, 23 October 2024, Judgment no. 8497

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Incentives for the production of energy from renewable sources and obligation of "in transit" companies to sign the agreement with GSE ELECTRICITY AND ENERGY IN GENERAL - RENEWABLE ENERGY - INCENTIVES - GREEN CERTIFICATES - INCENTIVE TARIFFS - AGREEMENT WITH THE ENERGY SERVICES MANAGER In the context of the replacement of a national support regime for electricity produced from renewable sources based on quotas of such electricity to be injected into the national grid and on the granting of green certificates to companies that produce said electricity (provided for by the legislative decree of 16 March 1999, n. 79 and by the...

04 November 2024

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International Audiovisual Market, Co-production, The numbers as of October 2024

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Tenth edition of Mia Over 100 audiovisual works produced in 10 years of the co-production market, record number of applications with 600 projects received from 90 nations from all continents, meetings, panels and events, keynotes and showcases for 60 Italian and international titles among the most anticipated of the next season between Animation, Doc & Factual, Drama and Film; an Innovation program for the creative industries and a showcase with 13 immersive works. Born in 2015 to support the internationalization of Italian audiovisual companies, the MIA has grown to become a fundamental event for the global audiovisual industry, a curatorial market that...

12 October 2024

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Corporate Law, Enhanced Voting Shares, Stable Shareholders

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European law is moving towards plural voting The "stable shareholders": multiple voting and increased voting The issue of enhanced voting shares is constantly evolving in Europe between competing jurisdictions. The dual structure introduced in Italy in 2014 for listed and unlisted spas is confirmed with the "Capital Law" of 2024, which increases the number of votes achievable with a single share or with its prolonged ownership. But many problems that have already arisen remain unchanged and others are added: here are some hypotheses for regulatory improvement that take into account the most recent studies and the proposals present in the Listing Act Package. Passim The innovations...

12 October 2024

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Italian industry, Export, Potential for our economy, Agreement between the EU and Mercosur

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“We must seize this moment. The potential for our economy is substantial, the Latin American area is culturally close to us, the common roots are important. We can perceive the affinities and the desire to do business with Italian companies. We must move now, as Italy and as Europe. And it is essential to implement the agreement between the EU and Mercosur: it would open up preferential access for our companies to an area of 270 million consumers. Otherwise we leave the field open to others, starting with China which is already expanding its presence." Thus the Vice President of...

12 September 2024

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Administrative, Public contracts, works contracts, temporary grouping of companies, Cons. Stato Sez V, 2 August 2024, Judgment no. 6944

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On the legitimacy of the exclusion of a temporary grouping of companies if there is an exclusionary cause that concerns one of its members, unknown to the other members, which occurred before the deadline for submitting offers Public contracts and public administration obligations – Works contract – Tender – Temporary grouping of companies – Participation requirements – Exclusion – Good faith – Expulsion and replacement of the principal If, before the submission of the offer, an excluding cause occurs in relation to one of its components, the temporary grouping of companies is required to communicate to the contracting authority, when submitting the...

12 September 2024

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Italian audiovisual industry, Production in 2023

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The Ministry of Culture presented, as part of the initiatives at the Italian Pavilion on the occasion of the 81st Venice International Film Festival, the report THE NUMBERS OF ITALIAN CINEMA AND AUDIOVISUAL – Year 2023. Below are the links to the documents presented and a summary of the main results published by the Cinema and Audiovisual Directorate General of the Ministry of Culture. Report “Cinema and audiovisual numbers – Year 2023” Italy's cinema and audiovisual industry in numbers – 2023 (Executive summary EN) Presentation “Italian cinema and audiovisual numbers – Year 2023″ – IT Slide “Italy's cinema and audiovisual industry in numbers – 2023” EN The main results Cinema Production The...

02 July 2024

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Financial, Organic reform of the TUF, International dimension of the Italian market

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Consolidated Finance Act, Legislative Decree 24 February 1998, n. 58 Consolidated text of the provisions on financial intermediation, pursuant to articles 8 and 21 of law 6 February 1996, n. 52. Elimination of goldplating, enhancement of statutory autonomy, alignment with international best practices to make our stock market more attractive Approximately 25 years after the adoption of the Consolidated Finance Act (hereinafter TUF), the delegation for the organic reform of the provisions relating to markets, contained in the Capital Law, constitutes an important opportunity for modernizing the regulatory framework to project the Italian market - affected by chronic weaknesses - into an international...

28 June 2024

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Banking, Contracts, Mortgage, Euribor rate clauses, Partial nullity, Supreme Court of Cassation, Third Section, judgment no. 12007 of 05/03/2024

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Nullity pursuant to art. 2 l. 287 of 1990 and/or art. 101 TFEU Mortgage contracts - Clauses relating to the Euribor rate - Necessity of knowledge of illicit agreements restricting competition and the desire to conform the contract to said practices - Absence of these requirements - Nullity pursuant to art. 2 l. 287 of 1990 and/or art. 101 TFEU - Exclusion - Determination of the Euribor as the object of agreements restricting competition with the aim of manipulating said index - Partial nullity - Consequences. The Third Civil Section, deciding on the appeal aimed at ascertaining the nullity of the clause...