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“Cura Italia” Decree - Measures to Support Liquidity Through the Banking System
Gianni, Origoni, Grippo, Cappelli & Partners, April 2020

1. Introduction The Law Decree n. 18 of 17 March 2020 (the so-called "Cura Italia" Decree, the "Decree"), providing "Measures to strengthen the national healthcare system and to economically support households, workers and enterprises in the context of the COVID-19 epidemiological emergency" has been published on the Official Gazette of the Republic of Italy no. 701 of 17 March 2020. The Decree covers mainly the following four areas of intervention: a...

Assessment of Buyer Power in Recent Market Investigations and Mergers for the Markets of Retail Distributions
Gianni, Origoni, Grippo, Cappelli & Partners, September 2010

   Interest about the relevance of buyer power for competition has been growing in the last decades, as the markets of retail distribution were subject to a process of consolidation, if at different speed, in most European countries...

Bank of Italy Approves New Regulations after the European Directive 2010/76/EC 2011
Gianni, Origoni, Grippo, Cappelli & Partners, May 2011

On 30 March 2011, Bank of Italy published a set of supervisory provisions concerning banks’ remuneration and incentive policies and practices (the “New Regulations”) with the purpose to implement the European Directive 2010/76/EC of 24 November 2010 (“Capital Requirements Directive III” or “CRD III Directive”)...

China’s Agricultural Sector: the Big Opportunity
Gianni, Origoni, Grippo, Cappelli & Partners, August 2011

The sustained growth in China’s primary sector[1] means for many international companies it is no longer a question of “should we go to China?” but rather “how to face the Chinese market?” This newsletter provides a brief outline of China’s primary sector and relevant regulations, as well as highlighting important risks and opportunities. 1. China’s primary sectorThe potential for further growth in China’s primary sector is immense: of China’s 1...

China's Luxury Sector: Is the Open Door About to Get Wider?
Gianni, Origoni, Grippo, Cappelli & Partners, June 2011

Chinese authorities may soon make another significant step in China’s shift from being the global manufacturing hub to becoming the world’s biggest consumers market. During a press conference held in Beijing last 15 June, Yao Jian, the spokesperson of China’s Ministry of Commerce (MOFCOM) announced the upcoming reduction of import duties on luxury goods...

Chinese Government’s Measures to Support Businesses During the COVID-19 Outbreak in China
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

During the outbreak of COVID-19, the Chinese authorities have jointly released a series of measures to support enterprises and industries and reduce the negative economical impact of the epidemic...

Commercial Relationships Between Turkey and Italy.
Gianni, Origoni, Grippo, Cappelli & Partners, October 2015

Italy and Turkey have had a strong and well-established economic partnership for decades, with a turnover of about USD 20 billion in 2014 and investment by Italian companies in Turkey in 2014 of around USD 4.5 billion...

COVID-19 and Antitrust: The Measures Adopted by the Italian Competition Authority
Gianni, Origoni, Grippo, Cappelli & Partners, May 2020

1. Introduction The crisis caused by the Covid-19 pandemic has called for unprecedented measures also in relation to the enforcement of competition law. At the national level, the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – “ICA”) has put in place several initiatives to support undertakings and protect consumers during the current emergency.   2...

COVID-19 as a Force Majeure Event and Effects on Pending Restructuring Procedures
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

Introduction Covid-19 is a force majeure event, meaning an extraordinary, unexpected and unforeseeable event, which is certainly not attributable to the voluntary conduct of an entrepreneur who is currently undergoing a restructuring or insolvency procedure and now faced with the Covid-19 crisis...

COVID-19 Emergency: Extension of Lockdown Measures until 13 April 2020
Gianni, Origoni, Grippo, Cappelli & Partners, April 2020

On 1 April the Prime Minister adopted a new decree (the “1 April Decree”) to extend the lockdown measures previously introduced through the decrees issues on 8 March, 9 March, 11 March and 22 March 2020...

Covid-19: Decree Law No. 33 of 16 May 2020 and PMD of 17 May 2020
Gianni, Origoni, Grippo, Cappelli & Partners, May 2020

After the start of Phase 2 (which began on 4 May 2020) the Italian government adopted on 16 May Law Decree no. 33 concerning, inter alia, "Further urgent measures to deal with the COVID-19 outbreak" (the "DL 16 May 2020"). Moreover, on 17 May 2020, in implementation of the aforementioned DL 16 May 2020, the Prime Minister issued a new decree with specific implementing provisions (the "PMD 17 May 2020")...

COVID-19: Health and Safety Protocol
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

COVID-19: health and safety protocol - Last night the Italian Government and National representatives of employers’ associations and unions have reached an agreement over a COVID-19 health & safety protocol that employers need to implement to ensure the maximum possible protection of their employees against the COVID-19 virus. This protocol is a crucial step to allow business continuity for manufacturing companies and professional service providers...

COVID-19: Main Amendments made by the Conversion Law to the Liquidity Decree with Respect to the Measures Aimed at Ensuring the Going Concern of Companies
Gianni, Origoni, Grippo, Cappelli & Partners, June 2020

1. Introduction Pursuant to Law no. 40 of 5 June 2020, published in the Official Gazzette no. 143 of 6 June 2020 (the “Conversion Law”), Law Decree no. 23 of 8 April 2020 (the “Liquidity Decree”) was converted into law with amendments. Below is a summary of the key amendments made to Chapter II (Urgent Provisions to Ensure Going Concern) by the Conversion Law. 2...

COVID-19: New Emergency Measures - Prime Minister Decree of 11 March 2020
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

  As the number of novel coronavirus infections (“Covid-19” or “Coronavirus”) and fatalities continue to rise, on 11 March 2020 the Italian Prime Minister issued a decree to impose new emergency measures to contain and manage the spread of the virus (the “11 March Decree”). Always on 11 March, the World Health Organisation has declared that Covid...

COVID-19: Prime Minister Decree dated 26 April 2020 - The Start of Phase 2
Gianni, Origoni, Grippo, Cappelli & Partners, April 2020

As the contagion rate and death toll caused by the Covid-19 emergency (“Covid-19”) continues to decrease, on 26 April 2020 the Prime Minister announced in a press conference the measures adopted to ease the lockdown during the so-called “phase 2”. The new measures are reflected in the Prime Minister Decree dated 26 April 20201 (the “26 April 2020 Decree”)...

COVID-19: Prime Minister’s Decree of 22 March 2020 Temporary Closure of Production Activities to Limit Spread of Covid-19
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

The 22 March Decree was anticipated by two ordinances issued on 21 March 2020 by, respectively, the Lombardy Region1, subsequently amended on 22 March 2020 (the “Lombardy Ordinance”), and the Piedmont Region 2 (the “Piedmont Ordinance”). The ordinances provide for even more stringent restrictions for the regions concerned, and will remain in force until 3 April 2020 (for the Piedmont Region) and 15 April 2020 (for the Lombardy Region)...

COVID-19: Protection of Employees’ Health and Other Impacts on Businesses
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

The sudden rise in the number Covid-19 (“Coronavirus”) cases in Lombardy and other Italian Regions has prompted the relevant governmental authorities to adopt urgent measures to prevent and limit the spread of the virus, and this is starting to have an impact on the economy. In connection with these measures, on 31 January Italian government has declared a six-month state of emergency, which expires on 31 July 2020 (unless it is extended)...

COVID-19: Shareholders’ Meeting Season 2020 and COVID-19 Emergency
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

1. Introduction On 18 March 2020, the Decree #CuraItalia1 introduced “measures to strengthen the national health ser- vice and economic assistance to families, employees and companies related to the epidemiological emer- gency of COVID-19” (the “Decree #CuraItalia”)...

COVID-19: Update on Law Decree No. 18 of 17 March 2020 Businesses Support Measures
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

In response to the severe public health emergency and the economically-damaging nationwide confinement measures triggered by the Covid-19 (“Covid-19”) outbreak in Italy, on 17 March 2020 the Italian government has adopted Law Decree #CuraItalia1 (the “Decree #CuraItalia”)...

COVID-19: Update on Law Decree No. 18 of 17 March 2020 Tax Support Measures
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

Payments of tax and penalties falling due between 8 March and 31 May 2020 arising out of tax assessments issued by the Italian Tax Authorities, the National Social Security Agency (INPS), the Italian Customs Agency and by Regional and Local Authorities, and any other enforcement claims aimed at collecting tax revenues, must be made in a single instalment by 30 June 2020. Payments made before the issuance of the Decree cannot be reimbursed to the taxpayer...

EU legal Framework on State Aid and Coronavirus: Flexibility in the Enforcement of the Rules
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

During the press conference of 13 March 2020, Executive Vice-President Margrethe Vestager made a statement regarding the enforcement of EU State aid in connection with measures adopted by Member States to combat the negative repercussions of COVID-19 on the economy...

GCC E-Alert
Gianni, Origoni, Grippo, Cappelli & Partners, April 2020

In times such as these, it is important to get the best available legal information and advice and remember that not all information and advice will be applicable to a particular situation or contract. Many businesses in the United Arab Emirates (the UAE) and the countries of the Gulf Cooperation Council (the GCC) are wondering what to do with respect to their obligations or those of their cocontracting parties...

Getting the Deal Through – Product Liability 2009
Gianni, Origoni, Grippo, Cappelli & Partners, May 2009

1. The court system What is the structure of the civil court system? In Italy there are three levels of courts: first-instance courts (justices of the peace and tribunals); second-instance courts (courts of appeal for judgments rendered by tribunals, and tribunals for judgments rendered by justices of the peace); and the Court of Cassation (Supreme Court)...

GOP Won't Stop
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

  Dear Clients, Friends and Partners, Since day one, our firm has been responding to the challenges of the Coronavirus emergency with proactive and socially responsible strategies. In these difficult times, our first thoughts are with all those impacted by the COVID-19 outbreak as well as with the health professionals working to help them...

Government Measures to Support Businesses During the Coronavirus Outbreak
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

With the economy facing downward pressure, the Hong Kong Government is rolling out various supporting and funding measures to help enterprises. The $30 billion HK$ Anti-epidemic Fund The Legislative Council Finance Committee approved the $30 billion Anti-epidemic Fund on 21 February 2020, more than half of which - HK$16.9 billion - will serve as one-off cash injections to retailers, food and beverages service providers, start-ups and other businesses...

 

 

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