Italy – Purpose Loan Proceeds to Refinance Past Unsecured Indebtedness with same Lender. Three recent Court of Cassation Rulings
Three recent rulings of the Court of Cassation
of the first part of 2021 shed light on the interaction between purpose loans (“mutui di scopo”) and the effectiveness
of the related security interests.
Italy – Consob and Bank of Italy on Crypto-Assets Related Risks
On April 28th, 2021, the Italian Regulator ("Consob") and the Bank of Italy issued a joint press release calling the attention of the community, and in particular of small savers, to the risks associated with crypto-assets. In recent times, also the three European supervisory authorities (i.e. Eba, Esma and Eiopa) have pointed out the highly risky and speculative nature of such instruments, warning consumers against risks inherent in crypto-assets transactions.
Mexico – Resident Partner Ciro Petricciuolo Appointed at Fondazione Italia-Messico
We are pleased to
announce that Ciro Petricciuolo, Resident Partner at our Monterrey office, has
been appointed as Director and Secretary General of Fondazione Italia-Messico,
an Italian foundation whose mission is to strengthen cultural, academic, and
business relationships between Italy and Mexico.