News and insights - Pagina 3

A surety bond, a contract in which one party commits to guarantee the debt of another, is a crucial element in the financial and legal landscape. However, there are specific circumstances where a surety bond can be considered... »

A bank guarantee is a contract of guarantee where the guarantor ensures to the beneficiary the payment of the debtor’s debts in case the latter is unable or unqualified to settle what is due. But what should you... »

Court of Appeal of Milan, Judgment No. 3115 of 2023, November 7, 2023 This recent decision of the Milan Court of Appeal has significantly influenced the Italian legal landscape, especially in the field of suretyship and obligations. The... »

The ten-year posthumous indemnity policy is mandatory for all companies involved in construction or renovation projects of buildings associated with the Superbonus 110% scheme. It is certainly important to understand well under what conditions the ten-year posthumous insurance... »

Transparency and Fairness in Tender Procedures The Role of Remedial Instruction The Remedial Instruction in Italian Tender Procedures: Definition, Function, and Usage The area of tender procedures in Italy is a sector that requires attention and precision, considering... »

How does the D&O policy protect administrators? The Directors & Officers (D&O) liability insurance policy is a type of insurance that covers the financial and legal risks associated with the decisions made by the board members, executives, and... »

Guide to Drafting and Understanding Building Contract Agreements The contract for building works establishes an agreement between the client and the contractor, wherein the latter commits to executing specific building projects in exchange for a payment. This article... »

Bonds and Advances: Strong Guarantees for Safe Public Contracts The advance on public works refers to the anticipated contract price set out in the procurement code. This tool allows contractors to receive an advance on a percentage of... »

Financial Requirements for Nautical Schools: What You Need to Know In the October 16, 2023 edition of the Official Gazette, Decree No. 142 dated August 30 was published, introducing regulations pertaining to nautical educational institutions. This regulation will... »

What is the financial guarantee or Insurance Bond in mining activities? Before beginning mining activities, the entity receiving the quarry authorization or mining concession must provide a financial guarantee (insurance bond for the quarry concession). This serves as... »

The environment is a precious heritage that requires protection and care. To ensure the preservation of this heritage, companies operating in the environmental management sector are required to provide a financial guarantee, a security mechanism designed to prevent... »

Do you want to discover all the opportunities offered by the Flow Decree? Here are all the changes and prospects of the Flow Decree for the three-year period 2023 – 2025. Overview of General Quotas The government has... »

What is the quickest way to obtain Italian citizenship? Italian citizenship is sought after by many individuals worldwide, given the numerous benefits it provides. These include free movement within the European Union and a wide range of work... »

Are you interested in applying for Italian citizenship through residency? Unsure of how to proceed?  Do you need practical information?  One of the most common ways to obtain Italian citizenship is through residency. The process of acquiring Italian... »