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FG Münster: No capital gains tax due on furniture and fittings from sale of real estate

FG Münster: No capital gains tax due on furniture and fittings from sale of real estate

Published: 26 Oct 2020

Furniture and fittings do not count towards capital gains from the sale of real estate. That was the verdict of the Finanzgericht (FG) Münster – the Fiscal Court of Münster – in a ruling form August 3, 2020 (Az.: 5 K 2493/18). If a property that is not occupied by its owner is sold at a profit within a period of ten years from its acquisition, the profits are subject to capital gains tax...

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Arbitration as a Pension Plan 

Arbitration as a Pension Plan 

Published: 26 Oct 2020

There are countless legends about the salaries of lawyers. In almost every country lawyers belong to the middle class, often to the upper-middle class, and sometimes even to the high class. High salaries translate themselves into a high standard of life. Even in poor Communist Poland lawyers made a pretty good living. I once heard a discussion of experienced lawyers at a court corridor in Poznan, ...

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Foreign Entrepreneurs Relocating to Italy Can Take Advantage of Two Highly Beneficial Schemes

Foreign Entrepreneurs Relocating to Italy Can Take Advantage of Two Highly Beneficial Schemes

Published: 23 Oct 2020

Author: Vincenzo Senatore Italy has positioned itself as the best country to choose as a base for doing business across Europe. Two schemes – the Budget Law – Article 24-bis of Italy’s Tax Code (TUIR) launched in March 2017 and the Investor Visa; one scheme providing an extraordinarily favourable tax rate on income worldwide, and the other providing access across Europe to non-EU citizens. Often k...

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The Importance of Preliminary/Screening Advice in Medical Negligence Cases

The Importance of Preliminary/Screening Advice in Medical Negligence Cases

Published: 22 Oct 2020

A 72 year old with Alzheimer’s Disease was admitted to a respite unit for several weeks so that his wife could go on holiday. At home he would sleep in his own bed, although occasionally in the night he would get up and wander around. He did not require a stick and had no problems with his sense of balance. He was able to feed and clothe himself with minimal assistance. The Respite Unit was part o...

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Is A Party To Negotiations Who Has Not Signed A Contract Liable To Pay Compensation?

Is A Party To Negotiations Who Has Not Signed A Contract Liable To Pay Compensation?

Published: 20 Oct 2020

Maya and Gidi Barber, have signed on 14/12/14 on a document with the headline, "proposal irrevocable purchase”. This document was delivered to Eran Amour, who was the owner of a plot in Kiryat Tivon and was supposed to build a luxury residence on the plot. The price was set to 2,650,000 NIS. Together with the offering document, the parties reached an agreed-upon version of the sale agreemen...

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A Chinese Corporation by the Name of SHANGHAI JICHUAN INVESTMENT CO. LTD Acquired the Israeli Shahal Telerefua Company, Aiming to Introduce Shahal’s Technology to China

A Chinese Corporation by the Name of SHANGHAI JICHUAN INVESTMENT CO. LTD Acquired the Israeli Shahal Telerefua Company, Aiming to Introduce Shahal’s Technology to China

Published: 19 Oct 2020

On July 24, 2015, Shahal entered into an ILS 440 million merger agreement with the Chinese company. The parties agreed, among other things, that the Chinese company will transfer a “signature deposit” to a trustee, in a sum of 20% of the deal’s value, in two parts. The parties furthermore agreed that their duty to execute the companies’ merger and perform all other actions due under the agreement ...

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HIGHLIGHTS OF NIGERIA’S PETROLEUM INDUSTRY BILL 2020

HIGHLIGHTS OF NIGERIA’S PETROLEUM INDUSTRY BILL 2020

Published: 19 Oct 2020

Following several previous unsuccessful attempts to overhaul and reposition the petroleum industry in Nigeria, the executive arm has once more sponsored an updated version of the Petroleum Industry Bill 2020 for legislative deliberation and passage into law. The bill has scaled through 1st reading and is awaiting further action as it motions through the various legislative processes. Some of the s...

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OLG München: Golden Color Not Protected As Trademark Acquired Through Use

OLG München: Golden Color Not Protected As Trademark Acquired Through Use

Published: 15 Oct 2020

The golden color of a chocolate Easter bunny is not protected as a color mark. The Oberlandesgericht (OLG) München – the Higher Regional Court of Munich – found that the producer in question did not enjoy any trademark rights in relation to the color. In the weeks leading up to Easter, supermarket shelves are stacked with chocolate bunnies. One producer has been packaging its chocolate bunnie...

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