Editoria
Editoria
Abstract: To protect market integrity and enhance investor confidence, MiCAR prohibits insider dealing, unlawful disclosure of inside information, and market manipulation. This monograph provides a structured analysis of MiCAR’s market abuse framework, detailing key obligations, enforcement mechanisms, and compliance considerations for issuers, offerors, and crypto-asset service providers.
Autori: Raffaele Battaglini e Selen Ekinci
Data: febbraio 2025 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for mergers and acquisitions (M&A) involving issuers of Asset-Referenced Tokens (ARTs) and Crypto-Asset Service Providers (CASPs) within the EU. MiCAR mandates that acquisitions or disposals of significant holdings in these entities undergo a prudential assessment by the relevant competent authority. This monograph provides a structured analysis of the M&A rules under MiCAR, outlining the notification, assessment, and approval processes that apply to the acquisition and disposal of ART issuers and CASPs.
Autori: Raffaele Battaglini e Selen Ekinci
Data: febbraio 2025 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for crypto-assets in the EU but does not apply to crypto-assets that are unique and not fungible with other crypto-assets (NFTs). However, MiCAR takes a substance-over-form approach, meaning that assets labeled as NFTs may still fall under its regulations if they exhibit characteristics of fungibility or interdependence in value. This monograph provides a structured analysis of MiCAR’s stance on NFTs, examining the conditions under which NFTs remain exempt and highlighting key considerations for compliance and legal classification.
Autori: Raffaele Battaglini, Luigi Cantisani, Santiago Martin Caravaca e Selen Ekinci
Data: gennaio 2025 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for Crypto-Asset Service Providers (CASPs) in the EU, ensuring uniform requirements for their authorization and operations. A CASP is defined as a legal entity providing one or more crypto-asset services on a professional basis with regulatory authorization. This monograph provides a structured analysis of the MiCAR requirements applicable to CASPs, detailing their regulatory obligations, operational standards, and compliance measures within the evolving crypto-asset ecosystem.
Autori: Raffaele Battaglini e Selen Ekinci
Data: novembre 2025 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for Utility Tokens within the EU. A Utility Token is a type of crypto-asset that is only intended to provide access to a good or a service supplied by its issuer. MiCAR imposes transparency and disclosure requirements on their issuance, public offerings, and admission to trading. This monograph provides a clear overview of these regulatory requirements, highlighting the compliance obligations for issuers and offerors of Utility Tokens.
Autori: Raffaele Battaglini e Selen Ekinci
Data: aprile 2024 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for crypto-assets other than Asset-Referenced Tokens (ARTs) or E-Money Tokens (EMTs) in the EU, governing their issuance, offerings to the public, and admission to trading. This category includes a broad range of crypto-assets, including utility tokens and other tokens that do not qualify as ARTs or EMTs. This monograph provides an overview of the regulatory requirements, focusing on issuer obligations.
Autori: Raffaele Battaglini e Selen Ekinci
Data: aprile 2024 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for E-Money Tokens (EMTs) in the EU, governing their issuance, offerings to the public, and admission to trading. EMTs are designed to maintain stable value by referencing a single official currency and can only be issued by credit institutions or electronic money institutions. This monograph provides an overview of these regulatory requirements, focusing on the authorization process and obligations imposed on issuers.
Autori: Raffaele Battaglini e Selen Ekinci
Data: marzo 2024 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes a regulatory framework for Asset-Referenced Tokens (ARTs) in the EU, governing their issuance, offerings to the public, and admission to trading. Designed to maintain stable value by referencing one or more assets, ARTs are subject to authorization requirements, along with strict governance, reserve asset management, redemption rights, and disclosure obligations. This monograph provides an overview of these regulatory requirements, focusing on the authorization process and obligations imposed on issuers.
Autori: Raffaele Battaglini e Selen Ekinci
Data: gennaio 2024 – In Inglese
Abstract: The Markets in Crypto-assets Regulation (MiCAR) establishes standardized rules for marketing communications in the EU crypto market. It mandates transparency, accuracy, and consistency in advertising materials across traditional and digital channels. This monograph provides a clear overview of MiCAR’s marketing requirements for different categories of crypto-assets and crypto-asset service providers, ensuring compliance and informed decision-making.
Autori: Raffaele Battaglini e Selen Ekinci
Data: novembre 2023 – In Inglese
Abstract: Lo scopo di queste Linee Guida è fornire indicazioni pratiche su cosa sia e come funzioni un Term Sheet relativo a operazioni di investimento in start-up da parte di Venture Capitalist. Le Linee Guida sono composte da cinque sezioni: ● Sezione1:Concetti Introduttivi; ● Sezione2:Termini Economici; ● Sezione3:Termini di Controllo; ● Sezione4:Altri Termini; ● Sezione5:Suggerimenti per la Negoziazione. Le Linee Guida hanno lo scopo di aiutare le parti coinvolte in una operazione di investimento a negoziare in modo efficace e a evitare malintesi. A tal fine, le Linee Guida delineano gli elementi chiave che possono essere inclusi in un Term Sheet e i termini e le condizioni che possono essere negoziati per garantire la tutela di entrambe le parti e il successo dell’operazione di investimento. Con le Linee Guida, le parti possono innanzitutto comprendere i termini e le condizioni di un Term Sheet e, di conseguenza, negoziare un Term Sheet chiaro e completo che faciliterà il processo di negoziazione del successivo accordo di investimento. Le Linee Guida possono essere un utile strumento per fondatori, imprenditori, investitori e consulenti delle parti.
Autori: Raffaele Battaglini, Claudia Borghini e Selen Ekinci
Data: maggio 2023
Abstract: In this monography, we will try to map out the key elements that at the current stage characterise such videogames, and the legal risks arising from them, with the clarification that this work is not a legal opinion, it does not claim to give advice to readers, but rather to group together some patterns that in our experience appear to be recurrent and to identify the underlying legal issues.
Autori: Raffaele Battaglini, Luigi Cantisani e Selen Ekinci
Data: maggio 2022
Abstract: Futura in collaborazione con FL20 Studio S.T.P. Benefit ha realizzato un agile documento che raccoglie informazioni e consigli utili alle società benefit per la redazione della Relazione Benefit.
Autore: Emanuela De Sabato, Federica Fugiglando, Larissa Stieven Trizotto, Alice Umbrella
Data: ottobre 2024
Abstract: Come implementare al meglio la blockchain in chiave di sostenibilità?
Grazie alle competenze in materia ESG e tech-law, Freebly e Futura hanno realizzato una pubblicazione che riporta alcuni dei casi più virtuosi di utilizzo delle tecnologie blochchain e smartcontracts, declinate per ogni singolo SDG dell’Agenda 2030 dell’ONU.
Autore: Autori Vari
Data: settembre 2023
