Latest News
  • 30 07 2018    Compliance Requirements in Foreign Trade (LAW)

    “Enterprises engaged in foreign trade should abide by the laws and regulations on trade control and prohibition of transactions enacted by countries (regions) and international organizations with which bilateral business has been established to avoid risks. Special attention should also be paid to trade restrictions and trade remedy investigations including anti-dumping, countervailing, and safeguard measures and others, for all these shall affect Chinese-funded enterprises or may affect Chinese-funded enterprises.” On May 25th ,2018 the EU 679 Regulation came into force. The regulation, known as GDPR (namely, “General Data Protection Regulations”) has exerted great significance in protecting the trust of those who entrust their data so far. On one hand, it protects the rights of individuals in the use of personal data, in the wake of the fundamental nature recognized by the Treaty of Lisbon; on the other hand, it also removes obstacles in the way of circulation of personal data within the EU (more details in the news published on June 29th, 2018). In such conditions, Chinese companies, especially those multinational ones which have already run the business in the EU market, should check the compliance in their users/ clients’ data protection measures promptly and in the meanwhile, amend and improve relevant regulations under the help of certain professional lawyers and the results should be released the first time on the official websites.
  • 20 07 2018    China’s NDRC (National Development and Reform Commission) solicits opinions on guidelines of compliance management in enterprises’ overseas operation (LAW)

    The National Development and Reform Commission (NDRC) in China announced on July 5 that it would solicit public opinions on guidelines of compliance management in enterprises’ overseas operation. The move is aimed at providing better services for enterprises which have overseas business and promoting them to constantly improve their compliance management capability. After China’s telecom equipment giant ZTE Corporation was issued a product ban by the US government, the NDRC’s move was designed to prevent more Chinese companies from suffering the same fate. Chinese companies, especially multinational Chinese companies operating in overseas markets, shall conduct a comprehensive review of whether their compliance management work is lagging or not in recent days. NDRC points out that compliance management in enterprises should ensure full legality with comprehensive law compliance throughout the whole process in their foreign trade、overseas investments and operations as well as in the engineering projects abroad. Compliance management is the prerequisite for enterprises to maintain steady overseas operation and keep global competitiveness.  
  • 10 07 2018    Grand Opening: SACE SIMEST Shanghai – Sincerely Inviting The Picozzi & Morigi Law Firm to Take Part in the Opening Ceremony (PRESS)

    At the invitation of SACE (Italian Foreign Trade Insurance Service Company, affiliated to CDP Group), The Picozzi & Morigi Law Firm participated in the opening ceremony of SACE & SIMEST Shanghai Joint Office (the scale 10th in the world and the second office opened in the Far East after the 2006 Hong Kong office). Mr. Beniamino Quinteri, Chairman of SACE, attended the ceremony and delivered a speech. He believes that Asia and China occupy an important position in the future development of the organization. After setting up an office in Shanghai, it is expected that the business volume in China will double to nearly 2 billion euros (in 2017 alone, SACE in Asia has a business volume of 1.9 billion euros, and it is involved in transaction globally for around 17 billion euros). The purpose of opening an office in Chinese mainland is to promote Italian direct investment in China, and to consolidate SACE's previous cooperation with SINOSURE (China's credit insurance giant) and China Export-Import Bank(CEXIM); while at the same time to optimize the investments which have already made in China by SIMEST (Italian Foreign Investment Promotion Corporation, a subsidiary of SACE), for China is the second-largest country in the entire portfolio.It is also focused on promoting Italian investments along the “New Silk Road” – that is, the famous “One Belt and One Road”project advocated by the Chinese government. In addition to SACE executives, representatives of Italian government agencies also attended the opening ceremony. The Italian Ambassador to China, Mr. Ettore Sequi, specially came from Beijing to Shanghai. He emphasized the importance of this type of initiative for the expansion of Italian investments overseas, particularly in China, and the creation of new business opportunities for both countries. The Picozzi & Morigi Law Firm, which opened its branch office in Shanghai since the 1990s, fully endorses the development vision proposed by SACE&SIMENST and diplomats, and is also very glad to provide professional legal services on the road of  internationalization for Italian companies as well as to assist them to invest in China and in the Far East.
  • 29 06 2018    General Data Protection Regulation (GDPR) of the EU Came into Force! (LAW)

    On Friday, the EU 679 Regulation came into force. The regulation, known as GDPR (namely, “General Data Protection Regulations”), was already approved by the EU in the spring of 2016. Now let’s look at what personal data it mainly concerns. Personal data and information these two words are almost synonymous and can be used interchangeably. As a preliminary ruling for the support and development of the data economy, the regulation will ensure the correct use of personal data by the market and protect the individual’s trust. “Personal data” in the regulation refers to “any information concerning an identified or identifiable natural person (“concerned”); an individual can be identified as identifiable, either directly or indirectly, with particular reference to an identifier such as a name, an identification number, location data, an online identifier or one or more characteristic elements of his/her physical, physiological, genetic, psychological, economic, cultural or social features". The implementation of the GDPR is of great significance in protecting the trust of those who entrust their data. On the one hand, it protects the rights of individuals in the use of personal data, in the wake of the fundamental nature recognized by the Treaty of Lisbon; on the other hand, it also removes obstacles in the way of circulation of personal data within the EU.  
  • 15 06 2018     Special waste growth increasing, 65% reused and recycled (SOCIETY)

    Industrial waste: Italy produces 135.1 million tons of special waste per year with a growth of 2% recorded in 2016 by a new ISPRA report. Most of these scraps produced by economic and work activities are building rubble; moreover, most of the special waste can be reused in new production processes and create a virtuous case for circular economy. In 2016, the production plants that use special waste as energy source reach 372. Of these 300 use a quantity of waste exceeding 100 tons per year while the remaining 72 recover small quantities of waste exclusively for the recovery of functional energy to their own production cycle. But what waste do they burn to obtain energy? The most representative types of non-hazardous waste used as an energy source are waste from wood, paper and similar processing, with a quantity of 783 thousand tons (39.9%), biogas, with about 711 thousand tons (36.2 %), and the waste produced by the mechanical treatment, with almost 206 thousand tons (10.5%).