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Beyond the Hype: Real-World Applications of AI
The Andersen European Technology Industry Group, led by the partner Francesco Marconi, has recently launched a paper regarding the rapid growth of artificial intelligence (AI) and its impact on our daily and personal lives. For some time now, AI is no longer a futuristic concept. In fact, its applications find their way into a wide […]
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Litigation & Arbitration: Post M&A Disputes and Current Challenges
The closing of a deal can be a success for the teams involved, but it also rises up some challenges due to the constant uncertainty of what may happen next, the strategic nature of the transactions, and internal politics. The examples cited in this publication illustrate how, after a successful merger, critical issues and sometimes […]
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Further simplification measures on renewable energy sources
The Law Decree no. 13/2023, named Urgent “Provisions for the Implementation of the National Recovery and Resilience Plan (NRP)”, which came into force on Feb. 25, 2023 (published in GURI No. 47, 24.02.2023), introduced several new features concerning renewable energy sources, aimed at further simplifying and accelerating their development. Areas suitable for the installation […]
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Andersen European Guide to Support Employers: remote work
The new edition of our European Guide to Support Employers, issued by the European Employment and Labour Andersen department, is devoted to remote work in Europe, a trend rapidly growing trend in the European job market. Although the concept goes back more than 50 years, and in some European countries the issue was first regulated […]
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New developments of arbitration in the civil procedure reform
The civil procedure reform has introduced some important innovations regarding arbitration in an attempt to make the institution stronger and more attractive to the parties. With the entry into force of Legislative Decree 149/2022, Italian arbitration law is expected to take a long-awaited step forward. The following is a summary of the main changes in […]
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The M&A market in Europe: 2022 and expectations
In 2021, the mergers and acquisitions (M&A) market in Europe exceeded all expectations, setting a record that will be hard to beat. The circumstances were indeed favorable: after a pandemic in which the economy suffered an unexpected halt, factors such as economic growth due to the return to activity, the need for companies to adapt […]
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Sustainable Economy: the European Parliament approves the Corporate Sustainability Reporting Directive (CSRD)
On November 10, the European Parliament approved the Corporate Sustainability Reporting Directive (CSRD), which obliges large EU companies to regularly publish their information on the societal and environmental impact, planet, and sustainability risks. This should reduce greenwashing and promote international and transparent ESG standards. The new CSRD will start applying between 2024 and 2028 depending […]
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Litigation & arbitration service line newsletter: rebus sic stantibus and force majeure clause
The new edition of the Litigation & Arbitration service line newsletter is dedicated to extraordinary change in economic relations, with a special focus on Belgium, Germany, Hungary, Italy, Macedonia, Malta, Poland, Romania, Slovenia, Spain and Switzerland situations. In this publication, we address two constructs that will be the most common basis for legal claims: the […]
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Renegotiation according to good faith
The pandemic phenomenon due to the spread of the Sars-Cov-2 virus, first, and the war in Ukraine, then, affected, respectively, the healthcare and humanitarian aspects, having, as the lowest common denominator, the ability to change the legal and economic context at a global level. If, during the pandemic period, an economic crisis ensued as a […]
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Data Protection Board: green light for a centralised anti-money laundering database
The Data Protection Board issued a positive opinion on the amendment that has been presented to Legislative Decree no. 231/2007 on the prevention of the use of the financial system for the purpose of money laundering and terrorism financing. In particular, the proposed amendment supported by the Data Protection Board envisages the establishment of a […]
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The ad nutum withdrawal of a LLC shareholder: unlawful if the company is established for a fixed term, even if the term is particularly long
Supreme Court of Cassation, September 5, 2022 – order No. 26060. A LLC shareholder may withdraw ad nutum and, therefore, at any time and with no reason, solely when the company is established for an unlimited term. The appealed verdict A limited liability company, incorporated until 2050, appealed to the Court of Cassation against the […]
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The right of withdrawal exercited by the shareholder who did not partecipate in the change of the clause limiting the circulation of shares is legitimate
Supreme Court of Cassation, June 27, 2022, No. 20546. A shareholder of a joint stock company who did not participate in the amendment of the bylaws to remove the preemption clause limiting the circulation of shares has the right of withdrawal, regardless of the substantive significance of the amendment. This is the principle expressed by […]
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European Corporate Insights: the impact of geopolitical changes on business
Andersen’s European Corporate & M&A department has published a new edition of the magazine European Corporate Insights focusing on the impact of major geopolitical changes on local and international business dynamics. Andersen professionals from numerous countries contributed to the insight, summarizing the guidelines and regulations in each jurisdiction. Extensive space in the magazine is devoted […]
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Environmental offences and liability under Legislative Decree no. 231/2001
The Supreme Court (III Criminal Division – Judgment 30. May 2022 No. 21034) has recently clarified under what circumstances a company can be held accountable for environmental crimes, with reference to the issue of water pollution from industrial wastewater. Specifically, the Supreme Court has identified in which cases the environmental crime can be qualified as […]
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European Union sanctions against Russia
Following the recognition by the Russian government of the self-proclaimed republics of Donetsk and Luhansk on 22 February 2022 and the invasion of Ukraine that began on 24 February 2022, the European Union has imposed a series of new sanctions on the Russian Federation, in addition to the measures already in force since March 2014, […]
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Cross-border M&A transactions: the key elements for success
Andersen’s M&A department in Europe publishes an article analyzing the key factors for achieving successful integrations in cross-border M&A deals. Cross-border M&A transactions are nowadays being increasingly boosted by dealmakers. The main reason why drivers leading the main companies to enter into this kind of ventures relies on the benefits that can provide to their […]
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EU Whistleblower Directive: implementation in 20 European countries
Andersen´s European Employment practice has developed the new edition of the Employment newsletter. In this publication we address the Whistleblower Directive, how it has been implemented in 20 different European countries, Italy included. Our experts, Francesca Capoferri and Matteo Amici have analyzed what employers and employees will have to observe in the future in our […]
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Remote hearings and electronic document flow in the Russian court system
In January 2022, amendments to the procedural codes of the Russian Federation came into force to introduce and improve the way for the use of electronic documents in court proceedings, as well as to create conditions for remote participation in hearings. The main novelties concern the procedure for filing statements of claim, petitions, submissions and […]
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Regulatory Sandbox in Italy: applications for admission opened on November 15th
The time slot for the submission of applications for the simplified regime of testing of FinTech services and products has opened on 15 November 2021. Thanks to the Sandbox, companies operating in the FinTech industry will have the opportunity to test their innovative business models by applying the regulatory exemptions granted by the competent supervisory […]
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European Corporate Insights: ESG Criteria in Europe
The application of the ESG Criteria regulation and policies in Europe depends on the country in which they are normally applied. Even though European countries are regulated by the same principles, the considerable differences between one country and another makes sometimes difficult for multinational companies to understand how this works in different jurisdictions. Andersen […]
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