News – Law Firm Mazza

04 April 2024

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Administrative, Public contracts, Procurement and direct assignments

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The growth of procurement in Italy continues at full speed. The indicators for the 2nd quarter of 2023, based on findings from the Anac Data Bank, show widespread and constant growth in all sectors: compared to the previous four months (first four months of 2023) supplies, works and services increased by approximately 28.5%, 52.4% and 5.5%. The economic value Anac's quarterly report highlights the growth, evidently driven by the Pnrr contracts. Compared to the first quarter of 2023, there was an increase, in terms of amount, in supplies of approximately +35.4% (supplies representing approximately 34% of the approximately 117.6 billion in total), an increase in works of...

16 March 2024

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Italian audiovisual industry, Tusma reform, independent Producers, negotiation and contractual protections

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Legislative Decree 8 November 2021, n. 208. Tusma in force Implementation of Directive (EU) 2018/1808 of the European Parliament and of the Council of 14 November 2018 amending Directive 2010/13/EU on the coordination of certain legislative, regulatory and administrative provisions of the Member States, concerning the Consolidated Law for the provision of audiovisual media services in consideration of the evolution of market realities. Review of film investment quotas Weight of Italian stories and international productions Maintain the value of rights and intellectual property in our country The Tusma reform, under discussion in Parliament, worries the independent producers of Anica, who have set out their requests...

13 March 2024

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Financial, Financial intermediation, Issuers Regulation, Regulation of prospectuses, Consob

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Consob Resolution no. 23016 of 20 February 2024 Amendments to the Issuers' Regulations concerning the regulation of prospectuses Passim GIVEN the law of 7 June 1974, n. 216, conversion into law, with amendments, of the legislative decree of 8 April 1974 n. 95, containing provisions relating to the securities market and the tax treatment of shares; HAVING REGARD to the legislative decree of 24 February 1998, n. 58, and subsequent amendments, with which the Consolidated Law on financial intermediation provisions was issued, pursuant to articles 8 and 21 of law no. 6 February 1996. 52 (hereinafter also "Tuf"); HAVING REGARD to Regulation (EU) 2017/1129 of...

28 February 2024

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Administrative, Public contracts, Anac Resolution n. 43 of 24 January 2024

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Approval of the standard participation application Open procedure for the awarding of public service and supply contracts in ordinary sectors for amounts exceeding the European thresholds with the criterion of the most economically advantageous offer based on the best quality/price ratio. The Authority's Council, in the meeting of 24 January 2024, following the adoption of the Standard Notice no. 1/2023, approved the standard application for participation relating to the awarding of public contracts for services and supplies in ordinary sectors for amounts exceeding the European thresholds with the criterion of the most economically advantageous offer based on the best quality/price ratio. Source Anac...

09 February 2024

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Intellectual Property, Music Creators, Music Streaming, European Protection

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The European Parliament adopts the Report on the Music Streaming Market The first step towards EU legislation to ensure transparency and cultural diversity on all music streaming platforms. On January 17, the European Parliament adopted the report on "Cultural diversity and conditions for authors in the European music streaming market". The report recognizes the significant problems faced by creators and suggests initiatives at Union level to lay the foundations for a fairer and more sustainable ecosystem in an ever-growing market. In its press release, GESAC – the European Group of Societies of Authors and Composers, of which SIAE is part – “applauds the European Parliament's strong commitment to...

08 February 2024

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Industrial property, European Union trademark, Motor vehicle manufacturer, Product as an accessory or spare part, Use of an identical or similar sign, Judgment of the Court of Justice of the European Union in case C-344/22

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Passim and summary So-called "reparation" clause Regulation (EU) 2017/1001 of the European Parliament and of the Council on the European Union trade mark. A sign protected as a European Union trade mark may also, in certain circumstances, be protected as a Community design. The so-called "reparation” clause, provided for by regulation no. 6/2002 of the Council of 12 December 2001 on community designs, introduces certain limitations to the protection conferred by designs or models. A motor vehicle manufacturer may prohibit the use of a sign identical or similar to the trademark it owns for spare parts. This is the case where the spare part includes an...

31 January 2024

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Banking, Creditworthiness, Automated decision-making relating to natural persons, Court of Justice of the European Union, First Chamber, judgment of 07 December 2023, case C‑634/21

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Credit scores Interpretation of Article 6 (1) and Article 22 of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (General Data Protection Regulation) (OJ 2016, L 119, p. 1, and corrigendum in OJ 2018, L 127, p. 2; hereinafter: the «GDPR». Union law Recital 71 of the GDPR; Article 4 of that regulation, entitled "Definitions"; Article 5 of the same regulation, entitled "Principles applicable to the processing of personal data",...

29 January 2024

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Banking, Banks as protagonists of Europe’s competitiveness

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Analysis and proposals for improvement of the Italian Banking Association communicated to the EU Single jurisdiction Simplification of the rules CMDI Sustainable finance Digital finance Banks, engines of European competitiveness The European legislature that is coming to an end was one of the most difficult of those faced by the EU throughout its history. The effects of a two-year Covid 19 pandemic were unleashed on the continental economy, followed by a second two-year period characterized by an ongoing war on the eastern borders of the Union, to which the tensions unleashed by the conflict in the Middle East have now also been added . A general picture of...

18 January 2024

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Companies, Start – Ups, 1600 Business Angels in Italy active in 120 financing rounds

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Ecosystem growth (Il Sole 24 Ore Radiocor Plus) - Milan, 11 Jan Between 2018 and 2022, the over 1600 Business Angels active in Italy participated in more than 120 financing rounds for an invested amount of over 45 million euros. This is what emerges from the study "Business Angel in Italy: the impact of angel investing" carried out by the Italian Tech Alliance and Growth Capital, in collaboration with the Social Innovation Monitor of the Polytechnic of Turin and the University of East Anglia. According to the report, 70% of the total Business Angels identified operate in Northern Italy: Lombardy leads the way with...

21 December 2023

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USA, GDP growth at 4.9% in the 3rd quarter of 2023

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US economic growth revised downwards in the third quarter of 2023. According to what was found by the Bureau of Economic Analysis, which publishes the definitive data today, American GDP rose by 4.9% on a quarterly basis, compared to +5.2% in the second estimate and against +2.1% in the quarter previous. Consumption growth was recorded, marking +3.1% from the +3.6% recorded in the previous quarter. The PCE price index, a measure of inflation, stood at 2.6% (from 2.5%), while the core PCE index recorded +2% (+2.3% expected), compared to + 3.7% previous. Source Teleborsa...