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Contributions from Nctm Offices Around the World – February-March 2019
Taxation of Ports in Italy Ports in Italy are fully exempt from corporate income tax. In the Basque region of Spain, ports are also fully exempt from corporate tax. In the rest of Spain ports are exempt from corporate tax on their main sources of revenue such as port fees or income from ...
Protection of personal data in air transport
Foreword After illustrating, in the previous issue of our newsletter, the impact of Regulation (EU) 679/2016 (the “GDPR”) on the Italian system, it is now appropriate to underline that, at the same time as the GDPR, Directives (EU) 2016/680[1]...
New structures for shipping finance: sale and lease back
The crisis in the shipping sector has involved non-profitability of shipping loans for banks. Indeed, a number of loans and, particularly, those granted to small shipowners were not repaid by them and much debt restructuring took place. This and other reasons have led some leading banks to withdr...
Planning of energy and environmental sustainability of port systems: Guidelines approved
On 17 December 2018 the Italian Ministry of Environment and for the Protection of Land and Sea (Ministero dell’Ambiente e della Tutela del Territorio e del Mare “MATTM”) approved the “Guidelines for the drafting of Energy-Environmental Planning Docum...
EU Regulation 2017/352 on port services and financial transparency: “limitations” to the number of providers of port services and public service obligations (second part)
We continue the analysis of the regulation of port services established by Regulation (EU) 2017/352 with particular reference – first of all – to the topical issue of the faculty, given to managing bodies of the port, to limit the number of providers of port services in the port falli...
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