News – Law Firm Mazza

20 December 2017

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Industry, Research and Innovation, Italian Startup, 75 million record sales from the US and agreements in progress with other countries, the sustainable railway that produces energy, “the will to do business”

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Greenrail was invented, a railway cross made of tires and recycled plastic, which reduces maintenance costs, noise and vibrations. And that in addition generates clean electricity to the passage of trains. He is Giovanni De Lisi, 29, from Palermo: «After joining the Faculty of Law, I understood that I did not want to be a lawyer, but an entrepreneur. My father has a railway construction company and I asked him to work on his behalf. Instead of giving me a desk, he sent me to the construction site. I started working as a construction worker from below: I was responsible...

19 December 2017

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Environment, Environmental pollution, Preventive penal seizure, Court of Cassation, Third Criminal Section, Judgment n. 52436 of 16/11/2017

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In terms of environmental pollution, to integrate the "fumus" of the crime of damage as per art. 452-bis cod. pen. for the purpose of issuing a preventive seizure order, it is necessary to ascertain the existence of a high likelihood of impairment or significant deterioration of the protected assets, in consideration of the nature and duration of the abusive discharges, Conform, Cass 3 sez . 15865 of 31.01.2017, filed on 30.03.2017, Cass 3 sez n. 10515 of 27.10.2016, filed 03.03.2017. Source Supreme Court of Cassation ...

19 December 2017

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Banking and Financial, ACF, College, Arbitrator for Financial Disputes, Rome, Decision no. 88 of 25 October 2017, subscription of shares of real estate fund, ascertainment of grounds for invalidity of the framework contract pursuant to art. 23 TUF and 1418 c.c.

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DONE In the appeal, examined together with the complaint and the attached documentation, the applicant reports that it had signed in December 1998 n. 21 units of a closed-end real estate fund placed by the intermediary, for a value of ITL 214,200,000. The value of these shares at December 31, 2016 was reduced to € 34,422.57. The applicant complains that the intermediary acted in a conflict of interest and that it did not provide it with adequate information, in particular with regard to the duration of the investment, which would not have been compatible with her age and family situation, both...

19 December 2017

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Banking and Financial, Italian Bond Markets, Corporate Bonds, new features, strengths

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MOT The MOT was established in 1994 to facilitate the access of the private investor to the bond market and to make the efficiency of professional investors more efficient by offering them an electronic and fully automated trading system from the phase of entering the trading proposal until the liquidation of the contract executed. The MOT market has recorded constant growth, also due to the increasing number of connected operators (either directly or through interconnection), such as to position itself firmly in first place in Europe in terms of contracts and traded countervalue. ExtraMOT ExtraMOT, the multilateral trading system, saw the light in...

18 December 2017

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M & A, Banking and Finance, the transformation of the company into a pure holding company paves the way for possible extraordinary operations

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The transformation of Autogrill into a pure holding company, after the effective transfer from January 1 of the Italian, European and services to three new ad hoc companies (next to the already existing fourth, HMS Host, which follows the international and northern business America), paves the way for possible extraordinary operations. Both Mediobanca Securities and Banca Imi pointed this out this morning. In detail, the first broker confirmed the outperform judgment with a target price of € 12.2, stating: "Nothing is taken for granted, but we believe that a company with only participation functions could be merged more easily with another...

18 December 2017

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Environment, the Italian Atlas of the circular economy is born, Ministry of Environment

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On 5 December 2017, in Rome, the Italian Atlas of the Circular Economy was presented, an interactive map continuously updated, which collects Italian experiences of circular economy, in order to make them known and usable free of charge to citizens and to promote collaboration and the construction of "circular" supply chains among economic actors that orient their activities to principles of sustainability and circularity. At each point on the map corresponds a card that summarizes the history and characteristics of the individual realities. The Italian Atlas of the Circular Economy is an interactive web platform that records and recounts the experiences...

15 December 2017

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International Trade, Import – Export, Dual use, Dual – use technological products, Mise

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GOODS TO DUPLIC USE Dual goods and technologies are those that can be used in civil applications but also in the production, development and use of military goods, they are different from armaments as they are not specifically designed for military use (see Regulations). An effective dual-use export control system is needed to ensure compliance with international commitments and responsibilities made by States, which have adhered to export control regimes in particular on non-proliferation. The existence of a common system of harmonized rules and policies in export controls in all the Member States of the Union is a prerequisite for a free...

14 December 2017

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Bankruptcy Procedures, Reasonable Duration, Judgment No. 23982_2017, Supreme Court of Cassation, standard of the European Court of Human Rights

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Bankruptcy Procedures, Reasonable Duration of the Process, Judgment No. 23982_ 2017, Supreme Court of Cassation, Sec. Civil 2, publication of 12/10/2017 Essential lines of the topic In terms of fair compensation for the violation of the reasonable time limit of the trial, pursuant to art. 2, second paragraph, of the law n. 89 of 2001, the duration of bankruptcy proceedings, according to the standard derived from the rulings of the European Court of Human Rights, is five years in the case of medium complexity and, in any case, for those that are highly complex - due to the number of creditors, particular...

14 December 2017

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Competitiveness, Attractiveness appeal for Italian companies

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Technology, media and tourism. The compass of the attractiveness of Italian companies is focused on these three sectors. This is revealed by the classifiers K Finance, partner equity markets of Borsa Italiana, based on the (unconsolidated) financial statements of over 49 thousand companies divided into 17 sectors with the still image at 2016. The first result is a summary index, where the lower value is the appeal is higher. second, it has all the good news: after the crisis and the "new normal" Italian companies have become more dynamic, thanks to a more favorable mix of the situation, cultural change and...

13 December 2017

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Environment, Discipline of reporting material matrices – interpretative clarifications, Ministry of Environment

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Subject: Discipline of reporting material matrices - interpretative clarifications, Circular of the General Manager prot 0015786 of 10 November 2017 With reference to the regulation of reporting matrix materials and to the use of these materials, also taking into consideration the new provisions on the matter contained in the Presidential Decree of 13 June 2017, no. 120, the regulation laying down the simplified regulation of the management of excavated earth and rocks, in accordance with article 8 of the decree - law 12 September 2014, n. 133, converted, with amendments, by law 11 November 2014, n. 164, the present circular intends...