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Italian Supreme Court to rule on whether surety policies are guarantees
- Norton Rose LLP
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- Italy
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- December 2 2009
In March 2009 an interim order of the Italian Supreme Court referred to its plenum, the decision to rule on the qualification of surety policies ("polizze fideiussorie") following a number of different interpretations presented by regional courts
Recent Italian Supreme Court judgment on exclusions in insurance policies
- Norton Rose LLP
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- Italy
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- November 4 2009
In a recent decision, the Italian Supreme Court (the Corte di Cassazione) has affirmed the principle that damages caused by the insured in violation of the highway code should not exclude insurance coverage under a motor third party liability policy unless such an exclusion is expressly provided for in the policy
Italian court gives decision on the unfair practices of financial intermediaries
- Norton Rose LLP
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- Italy
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- September 3 2009
The Italian Consiglio di Stato (a jurisdictional Court with competence to issue non-binding opinions on matters of public law) has recently affirmed, in an opinion issued upon the request of the Italian Antitrust Authority, that financial intermediaries are not subject to discipline for aggressive, unfair and misleading conduct under the Consumer Code (implementing the European Unfair Commercial Practices Directive 200529EC
