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Italy: New Legislation Creates Center to Monitor State-Regional Financial Agreements on Indebtedness

(July 17, 2018) On June 28, 2018, new legislation came into effect in Italy creating the Center for the Monitoring of Regional Agreements to provide oversight related to the indebtedness of the regions and local entities. (Decree No. 67 of the President of the Council of Ministers of April 23, 2018, Regulations on the Amendments […]

Italy: Updated Legislation on Territorial Entities and their Financial Stability

(July 22, 2015) On June 20, 2015, Decree-Law No. 78, on sub-national territorial entities, entered into effect in Italy. (Decree-Law No. 78 of June 19, 2015, Urgent Provisions on Territorial Entities [D.L. No. 78], GAZETTA UFFICIALE, No. 140 (June 19, 2015), NORMATTIVA (in Italian).) Fresh Funds for Disaster Relief The new legislation approves the goals […]

Italy: Law Reordering the Territorial Organization of the Country

(May 14, 2014) Italy’s Law 56 of April 7, 2014 (hereinafter Law 56) contains provisions on metropolitan cities, provinces, and the union and merger of municipalities. (Legge 7 aprile 2014, n. 56, NORMATTIVA). The purpose of Law 56 is to adapt the organization of territorial divisions of the country to the principles of subsidiarity, differentiation, […]

Ukraine: Verkhovna Rada Acts to Save the Economy

(Apr. 25, 2014) On March, 27, 2014, the Verkhovna Rada (Ukraine’s legislature) passed an act entitled the Law on Preventing Financial Catastrophe and Creating Pre-Conditions for Economic Growth in Ukraine (Law of Ukraine No. 1166-VII [in Ukranian] (Mar. 27, 2014), Verkhovna Rada website.) The Law entered into force on April 1, 2014, immediately after its […]