The Situation: For years, the Italian tax system has provided for certain tax deductions from income taxes in case of building restoration works.
The Result: The tax deduction from income taxes has now been increased to...more
The Italian legal framework provides for the administrative (quasi-criminal) liability of companies for certain criminal offenses committed by their directors, executives, and employees in the interest, or for the benefit, of...more
Multinationals operating in Italy should develop and implement a compliance system in line with the requirements and standards provided for by Decree No. 231/01.
The Italian Supreme Court, in a decision of April 2020,...more
The Situation: On December 24, 2019, the Italian Parliament approved the Budget Law for 2020.
The Result: New favorable tax changes have been introduced, but also new taxes will be imposed on digital services and the...more
The Situation: Recent foreign investments in Italian blue chips led the Italian government to intervene to protect strategic assets.
The Result: Decree 148/2017 introduced new disclosure requirements regarding...more
12/4/2017
/ Acquisitions ,
Anti-Raiding ,
Board of Directors ,
CONSOB ,
Corporate Governance ,
Disclosure Requirements ,
Foreign Acquisitions ,
Investors ,
Italy ,
National Security ,
Regulatory Oversight ,
Transparency
Law no. 124 of August 4, 2017 ("Law 124") provides important new rules on financial leases in Italy. It introduces a statutory definition of "financial lease" and deals with the event of serious breach (grave inadempimento)...more
8/30/2017
/ Banking Sector ,
Banks ,
Breach of Contract ,
Commercial Bankruptcy ,
Commercial Leases ,
Finance Lease Contract ,
Financial Institutions ,
Italy ,
Lessee ,
Lessor ,
New Rules
On June 15, 2017, the Italian Parliament approved the Conversion Law of Decree no. 50 of April 25, 2017 ("Conversion Law"). The Conversion Law includes a review of the legal framework applicable to Italian securitization...more
6/27/2017
/ Banks ,
Distressed Debt ,
Financial Institutions ,
Foreign Investment ,
Insolvency ,
Investors ,
Italy ,
Leases ,
Non-Performing Loans (NPL) ,
Reorganizations ,
Securitization ,
Special Purpose Vehicles
The Italian government has enacted Law Decree no. 50 ("Decree 50"), providing a set of new tax measures aimed at, among other things, attracting investments in Italy. Decree 50 was finally approved by the Italian Parliament...more