With the aim to avoid the spreading of Covid-19, the DPCM regulation, issued on March 11, 2020 has provided for the closing of non-essential retail shops. The rule is based on the so-called “factum principis”, well-known principle of private law regarding contractual obligations. Specifically, it refers to the inability to fulfill a debtor’s obligation to […]
With the term ‘key money’ we are normally referring to a sum of money that a Brand, interested in a particular location, gives to the tenant in order to withdraw from an existing lease agreement. This agreement foresees that such payment only takes place when the new tenant has stipulated a lease agreement. Therefore, the […]
Many indicators show that Italian crisis seems to be behind us now. An increasing number of brands, in the retail field, are now carefully scrutinizing street storefronts (even in “secondary” cities); this is also the result of a general lackluster performance of shopping malls located in certain parts of the USA. Add to this the […]
Shopping malls are enjoying important growth in Europe, acting as a “magnet for customers” and, at the same time, contributing to the economic development of this sector. Data shows that in the first half of 2016, malls reached an area extension of 153,6 million SQM, with further growth forecasted for 2017, up to an overall […]
To whom does it apply Italian and non-Italian citizens, not residing in Italy for the previous 9 years. The regime is applicable also to relatives of the above individuals.
A connection between the luxury retail sector and real estate markets has become increasingly evident in recent years. Italian shopping high-streets have conquered world-wide consumers’ confidence (Needless to say that Italian streets offer a selection of clothing, jewelry, watches and beauty boutiques, as well as technology objects, and fabulous restaurants and gourmet shops), thus leading to […]