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Franchising – disclosure of all information upfront!

The Italian competition authority sanctioned with a fine of EUR 150,000 the advertising over the Internet of a franchising network of travel agencies as the advertised affiliation price did not include the price for all the services and equipment required by the affiliation network and did not specify that value added tax had to be…

ByGiulio CoraggioApril 22, 20130Comments 2 minRead time

liability ISP

27 websites seized for illegal movie downloading

The criminal court of Rome seized 27 websites for copyright breach as through such websites it was possible to illegally download the movie A Monster in Paris. Italian copyright law sanctions with criminal penalties the illegal broadcasting of copyright protected works and the blocking of the access to websites through the filtering of domain names…

ByGiulio CoraggioApril 22, 20130Comments 1 minRead time

Gaming

Bets out of Palinsesto – a step forward

AAMS has just published the draft version of the new protocol of communication PSQF introducing the possibility to offer sportsbetting markets not included in the AAMS' official schedule, the so called palinsesto. We previously reported that the draft decree allowing operators to offer in addition to the type of bets and events included in the…

ByGiulio CoraggioApril 20, 20130Comments 2 minRead time

Gaming

Anti-money laundering obligations for banks and gaming operators

The Bank of Italy has issued indicators of suspicious money laundering conducts with which both banks dealing with gaming operators and gaming operators themselves shall comply. As previously reported, Italian anti-money laundering law provides specific provisions in relation to the gaming sector and operators are subject to very stringent requirements. In this respect, the new indicators…

ByGiulio CoraggioApril 18, 20130Comments 1 minRead time

Gaming

The end of gaming CTDs?

The Italian Supreme Court issued a decision against a gaming CDT connected to a foreign licensed bookmaker that might lead to interesting developments in the Italian sportsbetting market.

ByGiulio CoraggioApril 17, 20130Comments 2 minRead time

Data Protection & Cybersecurity

Bidding process for DTT frequencies

The Italian communications authority has just approved the regulations on the bidding process for the allocation of DTT frequencies (multiplex). The regulations are the result of a consultation process that involved various stakeholders and the European Commission. According to the new regulations 3 multiplexes will be made available for 20 years.…

ByGiulio CoraggioApril 16, 20130Comments 1 minRead time

Gaming

No new taxes on online gaming in Italy

There will be No additional taxes on online gaming in Italy according to what declared by the director general of the Italian gambling authority, Mr. Luigi Magistro, at the online gaming conference organized by the European Social and Economic Committee. Mr. Magistro took a very wise position stating that the taxation in the online gaming…

ByGiulio CoraggioApril 11, 20130Comments 2 minRead time

liability ISP

Possible sanctions for unfair clauses

The Italian competition authority can declare unfair and therefore null and void clauses in consumer contracts and issue sanctions for the lack of compliance with its orders according to a procedure recently established. Not only can consumers and consumers' associations challenge clauses in consumers' contracts but also companies themselves will have the right to…

ByGiulio CoraggioApril 8, 20130Comments 2 minRead time

Intellectual Property

€ 41 M Financing for IP Projects

The Italian Ministry of the Economic Development made operational the National Fund for the Innovation of € 40.9 million in order to ease the financing of innovative projects based on the industrial enhancement of intellectual property rights. Small and medium sized companies will be able to see their IP projects financed up to an…

ByGiulio CoraggioApril 3, 20130Comments 1 minRead time

Intellectual Property

Equity Crowdfunding for Innovative Start-ups

Italian regulations on equity crowdfunding through online portals for innovative start-ups approved in October 2012 are closer to their enforcement. The CONSOB, the equivalent of the US Securities and Exchange Commission, has now launched a request for public commenting on the implementing regulations that will end on the 30th of April 2013 and therefore equity…

ByGiulio CoraggioApril 3, 20130Comments 2 minRead time