WORKSHOP

Idee und Organisation: Francesco Petrosino (Università degli Studi di Trento)

Teilnehmer:innen: Christian Armbrüster (Freie Universität Berlin), Sara Landini (Università degli Studi di Firenze), Margarida Lima Rego (Universidade NOVA de Lisboa) und Willem van Boom (Radboud Universiteit)

In englischer Sprache

Teilnahme in Präsenz und digital per WebEx möglich. Bitte senden Sie uns eine Mail (italzen@zedat.fu-berlin.de) für den Erhalt der Zugangsdaten.

This seminar will delve into the phenomenon of insurance-based investment products (so-called IBIPs). 

The analysis of the jurisprudence of the Court of Justice of the European Union will serve as the starting point for addressing the most relevant issues related to the distribution of IBIPs. The most significant rulings of the Luxembourg Court will thus, firstly, clarify the application scope of the sector-specific regulations on IBIPs, as well as establish the differences between the specialized rules provided for the insurance sector and those applicable to other contracts and regulated markets (such as the financial market, broadly speaking). 

Secondly, an attempt will be made to understand how the issues arising from the circulation of these hybrid products can find efficient solutions through the adoption of intersectoral European disciplines, such as those concerning the protection of retail customers – for example, Directive 93/13/EEC on unfair terms in consumer contracts – and the prohibition of unfair commercial practices (Directive 2005/29/EC). 

In this context, the role played by the Court's precedents can only be appreciated.

On the one hand, the interpretative effort of the European judge aims to ensure the so-called effet utile of Union law. On the other hand, the harmonizing scope of the decisions constitutes a necessary reference to reinforce the project of the Capital Market Union, in this case, applied to the insurance sector.

Program: