NEWS
6 agosto 2020
Eu imposes sanctions on cyber attacks

On 30 July 2020, the European Council decided to impose restrictive measures against six persons and three entities responsible for or involved in various cyber-attacks. The EU created the legal framework for imposing restrictive measure with Council Regulation (EU) 2019/796, and this was the first time the EU used this tool.

Marazzi & Associati is pleased to share in attachement a brief note on restrictive measures imposed by the European Council for further information, please contact Marazzi & Associati at the following email address: info@madv.eu.

 

>>


17 luglio 2020
India – Eu Summit – July 15th 2020

Marazzi & Associati is pleased to share, attached, a brief note concerning the 15th summit between India and the European Union that took place on 15th July 2020 via video conference, in order to address some important aspects of their Strategic Partnership, which aims at creating benefits for citizens of both countries.

For more information please refer to Andrea Noris: a.noris@madv.eu.
 

>>


27 aprile 2020
India, review of Foreign Direct Investment policy amid current Covid 19 pandemic

The Government of India has reviewed the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017 as stated in the Press Note 3 of 2020, dated 17 April 2020.

According to the existing regulation:

Para 3.1.1. a non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, a citizen of Bangladesh or an entity incorporated in Bangladesh can invest only under the Government route. Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment.

Revised:

Para 3.1.1 (a) A non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route. Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment.

Para 3.1.1(b) In the event of the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, resulting in the beneficial ownership falling within the restriction/purview of the para 3.1.1(a), such subsequent change in beneficial ownership will also require Government approval.

According to the revised paragraph, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only after Government approval of the investment. As countries sharing land border with India are Bangladesh, China, Pakistan, Nepal, Myanmar, Bhutan and Afghanistan, it seems that the amendment relates mainly with investment made by Chinese entities or Chinese beneficial owners, considering also limitations already existing for entity and beneficial owners of Pakistan and Bangladesh and the fact that the other countries seems to not have companies or investors with financial means as large as China has.

It seems useful to note that the changes made to the Consolidated FDI Policy, 2017 apply to all economic sectors in which foreign investments are allowed and not only to sensitive sectors, while it seems that the amendments applies to both majority and minority investments in Indian companies.

For more information, it is possibile to contact Marazzi & Associati at the following email: a.noris@madv.eu

>>


3 aprile 2020
Eu Vietnam Free Trade Agreement

Marazzi & Associati is pleased to share an update regarding the approval by the European Council of the Free Trade Agreement between the European Union and Vietnam, which will allow a beneficial collaboration in economic and commercial terms, thanks to the elimination of most of the tariff and non-tariff barriers between the two parties.

The Agreement will enter into force as soon as the Vietnamese National Assembly will ratify it, presumably in early summer 2020. In addition to the trade aspects, the Agreement also addresses issues related to sustainable development, protection of intellectual property and safeguard of human and labour rights.

For more information please refer to Andrea Noris: a.noris@madv.eu

>>


27 marzo 2020
Assistance in the processes of acquisition and sale of a business

Marazzi & Associati, thanks to a multidisciplinary team of specialized professionals, assists its clients in all of the phases of acquisitions or sales of companies. Thanks to its Project Management team, Marazzi & Associati assists buyers and sellers with specialized services, from the preparatory phases of acquisitions through the entire process, up to the closing step and the post-acquisition phase.

In preparatory activities for acquisitions and business transfers, Marazzi & Associati assists its clients in legal and commercial due diligence, negotiation of letters of intent and letters of offer, negotiation of contracts for the purchase of company shares and ancillary agreements. Marazzi & Associati also provides assistance in various post-acquisition activities: audit of the acquired company, monitoring of the performances and of the integration plan, forensic analysis of seller's representations and warranties, assistance in any eventual claim, negotiation of price adjustments.

Please find attached a brief presentation of the different steps of an M&A process and of services provided by Marazzi & Associati.

For further information, please contact Marazzi & Associati at the following email address: a.noris@madv.eu

>>


17 gennaio 2020
U.S. SPECIFIC RESTRICTIVE MEASURES AGAINST IRAN, SUMMARY NOTE

Marazzi&associati is pleased to share a brief note on the sanctions system applied by the United States against Iran, based on the Iranian Transactions and Sanctions Regulations (ITSR), applicable when promoting or maintaining trade relations with Iran in certain economic sectors. This system includes primary sanctions applicable to U.S. physical and legal persons, US Persons, which prohibit any commercial transaction with Iran of any goods or technology of U.S. or foreign origin, either directly from the United States or through countries or third parties; and sanctions of a secondary nature, which can be imposed on any person regardless of nationality or domicile and have extraterritorial effect.

Foreign companies that have business relations with Iran and the United States at the same time are reminded to investigate in advance the Iranian physical and legal entities and verify that they have not been included in the American black-list, i.e. in the SDN list (Specially Designated Nationals List), published on the US Department of the Tresury website.

Finally, it should be recalled that branches or subsidiaries of US companies, being subject to US jurisdiction, will necessarily have to comply with the primary sanctions.

For more information you can contact Andreea Madalina Iordache: a.iordache@madv.eu 

attached document

>>


16 dicembre 2019
United Nations Convention on International Settlement Agreements Resulting from Mediation

Marazzi&Associati is pleased to share with you an update from the Commission on International Trade at the United Nations (UNCITRAL).

The Singapore Convention on Mediation (hereinafter referred to as the "Convention"), adopted by the United Nations on 20 December 2018 and opened for signature on 7 August 2019, has already been signed by forty-six countries.

The Convention is a tool that facilitates international trade and the promotion of mediation as an alternative and effective method of resolving trade disputes. As a binding international instrument, it is expected to bring certainty and stability to the international mediation framework, thereby contributing to the Sustainable Development Goals (SDGs), in particular SDG 16.

The signatory State, once it has ratified the Convention in its own law, may thus enforce a settlement agreement in accordance with its own rules of procedure and the conditions laid down in this Convention. In the event of a dispute arising over matters already settled by an agreement resulting from mediation, this agreement may be used to demonstrate that there has already been an understanding between the parties on the matter.

The Convention will enter into force physically once at least three countries have ratified it in accordance with the procedures of their national laws.

Choosing international mediation means taking a faster and cheaper route than both arbitration and judicial proceedings, avoiding definitively damaging important business relationships, since the agreement is reached between the parties, with the sole help of the mediator, and not with a ruling of a third party (judge or arbitrator).

For further information please contact Margherita Barletta at the address: m.barletta@madv.eu

attached document

>>


4 ottobre 2019
TRACIT provides effective support for the implementation of Sustainable Development Goals

We are pleased to announce that Marazzi&Associati is a member since the foundation of TRACIT https://www.tracit.org/partners.html international alliance to combat illicit trade.

TRACIT promotes legitimate economic activity at the expense of illegal trade activities such as smuggling, counterfeiting and tax evasion, which cause irreversible damage to countries and human lives, creating socio-economic instability.

For the fight against illegal trade, Tracit has prepared a study in which 17 Sustainable Development Goals have been mapped in relation to sectors that are considered to be most exposed to illicit trade: tobacco, pesticides, alcohol, fishing, precious metals and all forms of counterfeiting and piracy, to help define a regulatory response to illegal trade so as to reduce it and, if possible, eliminate it.

TRACIT strengthens companies' response to illegal trade through the exchange of information, broadening the knowledge base, and contributing with know-how and dissemination of industry best practices to strengthen policies, legislation and fill governance gaps. Through meetings, round tables and summits, as well as through partnerships established with major NGOs, OIGs and business associations, TRACIT is able to provide concrete solutions and lines of behaviour that are really adopted by companies.

We are pleased to share attached a note related to Tracit and its activities, for more information please contact Alessia Marsegaglia at: a.marsegaglia@madv.eu or visit https://www.tracit.org/partners.html

>>


26 settembre 2019
Joint liability in Italian State contracts, Italian Court of Cassation Sentence, update

Marazzi & Associati is pleased to share an update prepared by its Senior Advisor Enrico Roberto Dapoto on Judgement no. 22110 of September 4, 2019 of the Italian Court of Cassation, concerning joint liability in tender, more specifically regarding the compensation of  workers, joint liability and claim action.

The principles established are:

  1. As far as the worker's compensations are concerned, joint liability is only of a remunerative nature: this means that other economic claims, such as compensation for damages for unlawful dismissal, remain outside the scope of joint liability;
  2. The period of two years from the end of the tender contract to bring a claim is of a time-limited nature with a view to bringing legal proceedings;
  3. The two-year period does not apply to claims of the Social Security Institution for which the limit is represented by the expiry of the limitation period defined by law. In fact, a different thesis would invalidate the insurance position of the worker - that Article 29 of Italian Legislative Decree no. 276/2003 aims to strengthen - breaking the link between compensation and the fulfilment of the Social Security Contribution obligation without any plausible logical and legally appreciable reason.

Enrico Dapoto, thanks to his career as Italian National Social Welfare Institution’s Supervisory Inspector and to the experience he has acquired in the field of Social Security issues, has been collaborating with Marazzi & Associati since January 2019 in training and supporting companies in issues relating to Italian social security.

For further information please contact Enrico Roberto Dapoto: e.dapoto@madv.eu

>>


22 agosto 2019
Fiori di croco: personal preview of Arcangelo Esposito Exhibition

Marazzi & Associati supports the Marco Rossi Contemporary Art Gallery in the preview of Arcangelo Esposito exhibition titled "Fiori di Croco" (Crocus Flowers in English) which will be inaugurated on 24 August 2019 in Pietrasanta (Lu) in Piazza G. Bruno 3, via Garibaldi 16.

Arcangelo was born in Avellino in 1956, graduated in 1980 from the Academy of Fine Arts in Rome, he lives and works between Milan and San Nazzaro, in the province of Benevento.

Painter and historicized sculptor, since the eighties he has been carrying out tireless research in the Italian art scene based on the roots, sense of belonging and sharing of a cultural heritage, the Sanniti one, which he has been able to extend and transform until he understands the legacies of other places and other peoples.

For this occasion Arcangelo decided to present an ancient Roman flower, the crocus, which was born and died on the Via Appia, the road that connects, among others, also Maleventum (later  become Benevento) and Avellino, where Arcangelo was born and lived.

For the author, the crocus flowers embody the “Curatores”, who in ancient times were a sort of guardian of the road designed to ensure the continuity of connections between Rome and the provinces of southern Italy.

The exhibition will be completed with 4 small ceramic sculptures, which continue the fascinating cycle of Irpinian houses until September 15, 2019.

 

Poster attached

>>


13 giugno 2019
Tracce: Marco Rossi Contemporary Art Gallery Exhibition

Marazzi & Associati supports the Marco Rossi Contemporary Art Gallery in the exhibition "TRACCE" by the artist Valerio Berruti which will be inaugurated on July 6, 2019 in Pietrasanta (Lu) in Piazza G. Bruno 3, via Garibaldi 16.

Valerio Berruti was born in Alba in Piedmont in 1977, a city where he still lives and works. Graduated in art criticism at the D.A.M.S. in Turin, in 1995 he bought and restored a church of the seventeenth century in Verduno (CN) that he uses as a studio and atelier. His drawings, paintings and sculptures essentially reproduce images of everyday life and family affections.

In 2004 Berruti began his artistic career by winning the Premio Celeste and the Premio Pagine Bianche d'Autore of the Piedmont Region, then continued exhibiting in the most popular galleries in Europe and the rest of the world such as: in 2009 at the Venice Biennale, in 2008 at the center Pompidou in Paris, in 2011 at the Pola Museum in Tokyo, and in 2014 at The Drawing Center in New York.

For this event he decided to exhibit a new work, absolutely original, where, as often happens in the works of the Piedmontese artist, the media merge: drawing with frescoed painting, sculpture that makes three-dimensional drawing, video animation that transforms drawing into cinema, creating each time works of great impact and poetic effect. In the cycle "Traces", the drawing becomes an engraved sign inside steel plates of different sizes, like a negative trace of his shadow sculptures.

The exhibition will end on August 6, 2019.

Poster attached

>>


28 maggio 2019
The Death of a Transaction: Fabio Marazzi takes part in the seminar of UIA

We are pleased to inform you that Prof. Fabio Marazzi, senior managing partner of Marazzi & Associati, will host a presentation at the seminar organized by the Union Internationale des Avocats "UIA" in London on Thursday 30 May 2019.

The conference will be held on Thursday 30 and Friday 31 May 2019 in order to bring together lawyers from around the world, facilitate professional development, the international exchange of information and ideas as well as to promote the rule of law.

The presentation of Prof. Fabio Marazzi will be aimed at addressing various issues, such as: Intentions of Parties, Purchase Agreement Conditionally and Indemnties; within the framework of Civil Law in a panel in which common law jurists will participate.

The panel will address the key issues to be considered during the negotiations for the acquisition and sale of a business and for the interpretation of the Contracts.

If you would like to request a presentation or for more information, please contact Alessia Marsegaglia: a.marsegaglia@madv.eu

>>


15 maggio 2019
Flavia Milesi joins Marazzi&Associati as Senior Advisor for Japan and Korea

Marazzi & Associati’s team is pleased to welcome Flavia Milesi as Senior Advisor for the Japanese and Korean markets. Dr. Milesi, graduated in Japanese Language and Literature from the University of Venice "Ca' Foscari", began her career in 1994 in the Brembo company where she was a commercial correspondent for the Japanese and Southeast Asian markets and became an assistant in the management secretariat. In 1999 she began working for an important leather goods company as head of the foreign markets departmes. 

Since 2005, thanks to his knowledge of the Japanese market, the language and culture of the country, he decided to set up his own business by supporting various companies operating in various sectors such as wine, food, fashion, machinery, cosmetics, medical, in the role of export manager for entry into the Japanese and South Korean markets. 

Thanks to the experience and competence of Flavia Milesi, Marazzi & Associati will strengthen its expertise in supporting the internationalization processes of companies in the Japanese and Korean markets.

For additional information: a.noris@madv.eu

>>


10 maggio 2019
Antognolla Golf will host the PGA of Italy Championship 2019

Marazzi & Associati is pleased to inform you that Antognolla Golf will host the PGA of Italy Championship 2019 by +Energia. Marazzi & Assocati is partner of the Association of Italian Golf Professional.  Antognolla Golf is considered one of the most beautiful and challenging golf courses in Italy, the 18-hole course in Antognolla is characterized by its long, sloping fairways, marvellous water obstacles and wide, undulating greens.

This year will be the 43rd edition of the PGA of Italy Championship, the main event of the Association of Italian Golf Professionals. The first edition of the Championship was played in 1977 and among its winners are names such as Constantino Rocca and Francesco. Molinari, current holder of the title Open. Luca Cianchetti, last year's triumphant edition held at the Golf Club Castelgandolfo, will be present at Antognolla to defend the title.

The PGA of Italy Championship will be played over three laps, between 14 and 16 September. The first two rounds with Pro-Am formula, while the final round will be played only by professionals who will compete for the title of Italian PGA Champion 2019.

Participants in the championship this year will compete for a prize pool of €40,000.

For additional information: http://antognolla.com/golf/ and a.noris@madv.eu

>>


10 maggio 2019
Nereo Landini joins Marazzi&Associati as Senior Advisor for Csr practice.

Marazzi & Associati’s team is pleased to welcome Nereo Landini as Senior Advisor. Mr. Landini worked from 1994 to 2001 as academic at University of Modena (Italy) and other Universities in Italy and abroad. Then he started his managerial careers in energy and manufacturing companies at multinational level, with business worldwide and finally focused on Europe and East Africa, where he served as CFO for an automotive company. Since 2015 he is Corporate Social Responsibility Executive and Data Protection Officer in a world leader multinational company in the field of automatic packaging machines and lines for pharmaceuticals and cosmetics. He continues to collaborate with University of Bologna and other private research institutes in research and training activity on CSR, sustainable development and Circular Economy. He also supports companies in achieving Corporate Social Responsibility reporting strategy and Data Protection effective policies according EU and Global Reporting Initiatives best practices.

Nereo Landini will lead the Corporate social responsibility pratice of Marazzi & Associati to provide an effective and qualified advisory to companies in dealing successfully with Corporate Social Responsibility context, to attain a greater competitiveness.

For additional information, please contact Andrea Noris: a.noris@madv.eu

>>