Disclaimer

Notice on published content: general information, not legal advice.

Last updated: 2026-09-18

This English version is a courtesy translation of the Italian text, which is the only authoritative version and prevails in case of discrepancy.

Version 1.0 — English courtesy translation, 18 September 2026

Document published for transparency and for professional information purposes pursuant to the *Codice Deontologico Forense* (Code of Conduct for Lawyers). This disclaimer applies to all content on the lx20lawfirm.com website and its related services.

1. Informational Nature of the Content

The content published on the lx20lawfirm.com website (articles, regulatory analyses, news, opinions, practice notes, publications, calculators, and self-help tools) is for informational and general guidance purposes only. It is intended for a general professional audience (lawyers, managers, compliance officers, academics, students, researchers, professionals in the financial and technology sectors) and for anyone interested in the evolution of the Firm's areas of legal expertise.

The content does not, under any circumstances, constitute:

• legal advice or individualized professional consultation;
• a recommendation or suggestion for specific action;
• an offer of professional services to the public;
• solicitation of clients pursuant to the *Codice Deontologico Forense*.

To obtain individualized legal advice, technical consultation, or professional assistance from the Firm, a formal client-lawyer relationship must be established through the methods described in the site's Terms of Use and in accordance with LX20's onboarding procedures.

2. Limits on Reliance on the Content

The user is expressly warned that:

• The content may have been drafted prior to the time of access and may not reflect subsequent legislative, case law, or regulatory changes.
• The assessments expressed represent the professional opinion of the author as of a specific date and do not constitute legal certainties.
• Every specific case has unique factual and legal characteristics that may lead to different conclusions than those formulated in general terms.
• Applying the content to a specific situation always requires analysis by a qualified professional who has fully reviewed the factual background.

LX20 disclaims all liability for direct, indirect, consequential, or other damages arising from the use of the site's content by individuals who are not formally Clients of the Firm, except in cases of willful misconduct or gross negligence.

3. Specific Disclaimer for Self-Help Tools

The interactive tools available in the Personal Area (pre-screening questionnaires, regulatory scope calculators, simulators) are tools for initial approximation and general guidance. The results produced:

• Are based on standardized parameters and do not consider all the variables of a specific case.
• May be inaccurate, incomplete, or not updated to reflect recent regulatory changes.
• Do not in any way replace individualized professional advice.
• Do not bind LX20 nor do they in any way constitute the establishment of a professional relationship.

The use of such tools is the sole responsibility of the user. LX20 is not liable for any decisions made or omitted based on the results of the self-help tools.

4. Bar Admission and Insurance Coverage

LX20 Law Firm and its professionals are admitted to the relevant professional bars and hold a professional liability insurance policy compliant with the obligations under Art. 12 of L. 247/2012 (see Legal Notice, §5).

5. Specifics on Anti-Money Laundering (AML) Matters

LX20 is subject to anti-money laundering obligations pursuant to Art. 3 of D.Lgs. 21 novembre 2007, n. 231, as amended. In particular:

• The Firm is required to perform customer due diligence before establishing a professional relationship and throughout its duration.
• The Firm is required to retain the documentation acquired in fulfillment of AML obligations for 10 years after the termination of the relationship.
• The Firm is required to report suspicious transactions to the Financial Intelligence Unit (*Unità di Informazione Finanziaria* - UIF), subject to the exemption limits provided for by Art. 12 of D.Lgs. 231/2007 for advice given in a pre-litigation or litigation context.
• Reports to the UIF are subject to a duty of confidentiality and may not be disclosed to the data subject, pursuant to Art. 39 of D.Lgs. 231/2007.

A user intending to grant a mandate is hereby informed that failure to cooperate with customer due diligence obligations will result in the Firm's inability to accept the engagement and the obligation to refrain from acting, pursuant to Art. 42 of D.Lgs. 231/2007.

6. Specific Warnings for Investments, Financial Instruments, and Crypto-Assets

Articles, analyses, and publications dealing with financial markets, financial instruments, crypto-assets, insurance products, or investment offerings do not, under any circumstances, constitute:

• an investment recommendation within the meaning of Articles 3 and 11 of Regulation (EU) No 596/2014 (MAR);
• investment advice within the meaning of Art. 1, paragraph 5, letter f), of D.Lgs. 24 febbraio 1998, n. 58 (TUF);
• a public offering of financial products within the meaning of Articles 94 et seq. of the TUF;
• promotion or placement of financial instruments.

The assessments expressed represent legal and technical analyses of a general nature. Any investment decision is the sole responsibility of the person making it, who should consider seeking advice from a licensed financial advisor.

7. Specific Notices for the U.S. Jurisdiction (New York)

The contents of the site may also be accessed by users in the United States. It is expressly noted that:

• The Firm's professionals admitted to the New York State Bar are licensed to practice law in the State of New York. Individuals admitted solely to the Italian Bar are not licensed to practice law in the United States.
• The content published on the site concerning aspects of U.S. law is for general informational purposes only and does not constitute "legal advice" under the New York Rules of Professional Conduct.
• The establishment of a professional relationship (attorney-client relationship) under U.S. law requires a formal engagement letter and the completion of onboarding procedures.
• "PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME" — Attorney Advertising under Rule 7.1 of the New York Rules of Professional Conduct.

8. Trademarks and Intellectual Property

The trademarks "LX20", "LX20 Law Firm" and the related logos are the exclusive property of LX20 Law Firm S.T.A. S.r.l. and are protected by Italian, European, and international trademark and industrial property law (Legislative Decree 30/2005). Any unauthorized use is prosecutable by law.

For copyrights and limitations on the use of the site's content, please refer to the Terms and Conditions of Use, §7.

9. Updates to this Disclaimer

This disclaimer may be updated at any time to reflect regulatory changes, developments in the Firm's professional activities, or organizational needs. The most recent version is always available at the bottom of every page of the site and at the URL https://lx20lawfirm.com/disclaimer (where published as a dedicated page).

10. Contact

For any clarification regarding this disclaimer or for information requests:

• Email: [info@lx20lawfirm.com](mailto:info@lx20lawfirm.com)
• Registered Office: LX20 Law Firm S.T.A. S.r.l., Via San Raffaele 1, 20121 Milan, Italy
• U.S. Office: Lexington Ave 405, 9th Floor PMB #9070, New York, NY 10174

*Disclaimer drafted in accordance with the Codice Deontologico Forense (Code of Conduct for Lawyers) (arts. 17, 35, 36, 38), Law no. 247/2012, Legislative Decree no. 231/2007 (anti-money laundering), Legislative Decree no. 58/1998 (TUF), Regulation (EU) 596/2014 (MAR), and the relevant rules of the U.S. jurisdiction (New York Rules of Professional Conduct).*