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BaFin – Binary options still off limits to retail investors

BaFin – Binary options still off limits to retail investors

Published: 08 Jul 2019

It remains illegal in Germany to sell binary options to retail clients according to an administrative act of Germany’s Federal Financial Supervisory Authority, the BaFin. With binary options, it’s either make or break. Yet underlying these “bets” is a complex and opaque financial product. We at GRP Rainer Rechtsanwälte note that it was due to their high-risk nature that the ESMA decided to ...

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Voluntary disclosure of unreported income in estate

Voluntary disclosure of unreported income in estate

Published: 05 Jul 2019

Unreported income in an estate can become a problem for the heirs. If it has been concealed from the tax authorities, it may still be possible to rescue the situation with a voluntary declaration for tax evasion. An estate can carry a high risk potential for many an heir if the testator deposited untaxed assets in foreign accounts as a way of concealing it from the German tax authorities. While ...

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Data Protection Regulation 2019: The New Law

Data Protection Regulation 2019: The New Law

Published: 04 Jul 2019

INTRODUCTION A more centralized data security and privacy law has emerged in Nigeria with the passing of the Nigeria Data Protection Regulation 2019 (“the Regulation”) by the Nigerian Information Technology Development Agency (“NITDA”). With many public and private bodies migrating their respective businesses and other information systems online, information solutions in both the private and ...

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Unfair advertising – No price comparison without price quotations

Unfair advertising – No price comparison without price quotations

Published: 04 Jul 2019

Price comparisons featuring tariffs both with and without price quotations are considered to be a form of unlawful comparative advertising and in breach of competition law. That was the verdict of the Oberlandesgericht (OLG) Köln, the Higher Regional Court of Cologne. Whether it be travel, insurance, or other services, there is a tendency for consumers to compare offers online in the age of...

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GRP Rainer Rechtsanwälte – Report on post-contractual non-compete clauses

GRP Rainer Rechtsanwälte – Report on post-contractual non-compete clauses

Published: 03 Jul 2019

Companies usually agree to post-contractual non-compete clauses with their managing directors. These need to be balanced to ensure they don’t end up null and void in their entirety. Companies are better positioned to protect their legitimate interests when business and managing director go their separate ways if the company agreed to a post-contractual non-compete clause with the executive offic...

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The Trade Secret Directive has now been implemented into Greek Patent Law

The Trade Secret Directive has now been implemented into Greek Patent Law

Published: 03 Jul 2019

The know-how is a very important feature for the success of a company. The companies therefore have a serious interest in protecting their trade secrets by the national jurisdictions. Nevertheless, until recently, there were no specific provisions in Greek law which would explicitly protect the trade secrets of a company. Within the countries of the European Union, there was only a small level o...

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EL MEJOR ABOGADO PENALISTA DE ESPAÑA

EL MEJOR ABOGADO PENALISTA DE ESPAÑA

Published: 30 Jun 2019

El abogado penalista de Murcia, Raúl Pardo-Geijo Ruiz, no para de acumular premios, galardones y nombramientos de honor, siendo el último a nivel internacional. Sin duda, de entre los mejores abogados penalistas de España (en Murcia es el “abogado de moda”, relatan algunas fuentes) muchos de sus colegas de profesión y otros tantos profesionales de la materia judicial lo consi...

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Tax dispute – Additional income from large celebration

Tax dispute – Additional income from large celebration

Published: 28 Jun 2019

A celebration organized by an employer for an employee may give rise to taxable income according to the Finanzgericht Münster. While an employer organizing a big celebration for an employee is certainly a welcome sign of appreciation, we at GRP Rainer Rechtsanwälte caution that excessive festivities may result in additional taxable income for the employee. In the instant case, a foun...

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