Tag: 72 – LATEST NEWS & INSIGHTS 19 January 2024
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“THE YEAR TO COME”: THE PROPOSED CORPORATE SUSTAINABILITY DUE DILIGENCE DIRECTIVE (CSDD), A “COPERNICAN REVOLUTION” IN CORPORATE GOVERNANCE.
On 14 December 2023, the Council and the European Parliament reached a provisional agreement on the directive on companies’ due diligence obligations for sustainability of their activities. The obligations are a result of the negative impact (effective and potential) of business activities on the environment and human rights. Pending final approval, can companies start preparing?…
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THE CJEU JUDGEMENT IN CASE C- 333/2021, EUROPEAN SUPERLEAGUE VS. UEFA AND FIFA.
Most press reports claimed that the CJEU Superleague judgement represented an utter defeat for FIFA and UEFA. This article reconsiders such conclusions in the light of a more attentive exam of the grounds of the Judgment. On 21st December 2023, the Court of Justice of the European Union (“CJEU”) issued its very long-awaited judgement in case…
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THE DELICATE DANCE BETWEEN ARTIFICIAL INTELLIGENCE AND PRIVACY: ITALIAN DPA’S INVESTIGATION INTO WEBSCRAPING.
The Privacy Authority launches an investigation of websites on protection from the so called webscraping: the technique of automatically extracting data from web pages. All websites will be subjected to the authority’s scrutiny. In the ever-evolving world of artificial intelligence (AI), the Data Protection Authority is working to preserve the sensitivity of personal information in an…
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THE ITALIAN INTERNATIONAL TAX DECREE AMENDS THE CFC REGIME AND INTRODUCES AN OPTIONAL 15% SUBSTITUTE TAX.
With Legislative Decree no. 209 of December 27, 2023, the Italian Government has finally amended the rules on Controlled Foreign Companies with respect to the determination of the effective tax rate, coordinating them with the new Pillar Two and Global Minimum Tax provisions. The Controlled Foreign Companies (“CFC”) rules set forth in Article 167 of…
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ITALIAN AND FOREIGN COMPANIES WITH A PERMANENT ESTABLISHMENT IN ITALY ARE OBLIGED TO INSURE THEMSELVES AGAINST DAMAGE CAUSED ON ITALIAN TERRITORY BY NATURAL DISASTERS AND CATASTROPHIC EVENTS.
Insurance policies must be executed by December 31, 2024, and events to be insured include earthquakes, floods, landslides, floods, and overflows. This regulation applies to companies that indicate in their balance sheet real estate (land and buildings), plant and machinery, industrial and commercial equipment on the Italian territory (assets and goods that shall be covered…
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THE CONSTITUTIONAL COURT BROADENS THE APPLICATION OF THE PREVENTIVE COURT-APPOINTED TECHNICAL CONSULTANCY.
Preventive Court-appointed technical consultancy, provided for in article 696-bis of the Code of Civil Procedure, is a simplified procedure designed to facilitate settlement agreements between the parties, at a stage preceding the contentious phase of ordinary proceedings, in cases where the dispute has technical aspects which must be clarified by an impartial expert in a contradictory…