Banking and Financial Intermediation Archivi

Title: Victim of credit card fraud? Asking for reimbursement according to the ABF.

Arbitration and ADR Banking and Financial Intermediation Mario Ciccone Vittoria ClavelloTitle: Victim of credit card fraud? Asking for reimbursement according to the ABF.

3 July 2023by Vittoria Clavello and Mario Ciccone

ABSTRACT: According to the Italian Banking and Financial Arbitrator (ABF), in cases of fraudulent use of a credit card, the claim for reimbursement of the unauthorized payment transactions should be made against the card-issuing bank. In its recent decision No. 10118 of July 4, 2022, the Banking and Financial Arbitrator ruled on a dispute...

The true ‘power’ of the decision of Italy’s financial disputes arbitrator

Banking and Financial Intermediation Mario Ciccone Vittoria ClavelloThe true ‘power’ of the decision of Italy’s financial disputes arbitrator

25 January 2023by Mario Ciccone and Vittoria Clavello

This article follows judgment No 3654, issued by the Court of Rome on 8 March 2022. The article focuses on the uncertain and still controversial legal nature of the decisions issued by the Arbitro delle Controversie Finanziarie (ADR), an alternative dispute resolution instrument that is specific and peculiar to Italian law. Introduction The Arbitro per le Controversie...

The Court of Justice confirms that life policies with underlying financial assets are insurance contracts

Banking and Financial Intermediation Niccolò D'AndreaThe Court of Justice confirms that life policies with underlying financial assets are insurance contracts

14 December 2021by Niccolò D`Andrea

A recent judgment, handed down on May 31 2018 in case C-546/16, gave the European Court of Justice the opportunity to clarify that the EU concept of insurance contract rightly includes policies whose benefits depend entirely on the value of bond products or structured financial instruments.