400,000+ slot machines shall be replaced in the next months Italian technical regulations on new version of comma 6A slot machines (also known as NewSlot 3 or AWPs) have been approved and this will lead to the replacement of over 400,000 machines generating almost € 500 million of aggregate gross revenues on a monthly basis. The…
Is this court decision a € 2.5 bn save?
The Public Court of Lazio Region cancelled the € 70 million aggregate penalties issued by the Italian gambling regulator, AAMS, against ten Italian videolottery concessionaires, but such decision might have a much higher value.
Italian videolottery concessionaires have been facing a long battle with the Italian gambling…
Implications of forum selection and applicable law clauses are often underestimated, but they become a major issue when outsourcing agreements have to be enforced. After having discussed about liability, termination and SLAs and penalty clauses, we will review the most often issues connected with such clauses.
The approval of the new technical requirements applicable to digital signatures represent a major innovation that might ease the execution of international contracts and create opportunities for providers.
Crowdfunding seems to have become one of the best venues for start-ups to raise funds according to the Crowdfunding Industry Report and the recent regulatory developments in Italy on the matter may be an interesting opportunity for venture capital funds, incubators and start-ups.
An online pharmacy has been sanctioned with a fine of € 200,000 for unfair commercial practices connected to the sale of pharmaceutical products online.
Indeed, up until the full implementation of the EU Directive 2011/62/EU, t he online sale of pharmaceutical products is prohibited under Italian law both for over-the-counter and prescription pharmaceuticals, while…
What legal issues concerning SLAs and penalty or liquidated damages shall be considered in negotiations relating to outsourcing agreements?
Betting exchange vs. sportbetting, who will win?As anticipated Italian betting exchange regulations have finally come into force, but the main question on which operators in the sector are questioning each other is the effect of betting exchange games on the sportsbetting market. The coming into force of the Italian betting exchange decree is an…
Time to speed up privacy compliance …
Termination clauses in outsourcing agreements are critical also in order to proper manage the migration to a new supplier and pending liabilities.