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The Post-Brexit Residency Process in Spain

The Post-Brexit Residency Process in Spain

Published: 22 Jan 2021

Now that the Brexit Transition period has ended and the UK has officially severed all ties with the European Union, the residency process for Brits wanting to relocate to Spain has changed and is the same as for all other non-EU citizens wanting to become residents here. The general rule is that Brits can still visit Spain without a Visa but for a maximum period of 90 days every six months. If the...

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Portugal Golden Visa real estate investment options bound to change in July 2021

Portugal Golden Visa real estate investment options bound to change in July 2021

Published: 22 Jan 2021

The Portuguese government has announced that from July 2021, investors for the Portugal Golden Visa will be blocked from purchasing a property in high-density areas such as Lisbon, Porto, the Algarve, and coastal areas like Setubal and the Silver Coast. The update discards the purchase of real estate in urban areas for €500K or urban rehabilitation projects for €350K as qualifiers for obtaining th...

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LG München: No Risk of Confusing Advertisements Featuring Maritime Themes

LG München: No Risk of Confusing Advertisements Featuring Maritime Themes

Published: 21 Jan 2021

The Landgericht (LG) München – Regional Court of Munich – has ruled that consumers were not being misled by two manufacturers promoting their fish products using a captain, and that the advertisements in question therefore did not violate competition law. A food manufacturer that had been promoting its fish products using a captain sporting a beard and cap for many years accused one of its co...

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2020 – Fintech Investments Gaining Momentum

2020 – Fintech Investments Gaining Momentum

Published: 21 Jan 2021

It is no secret that the global financial technology market is one of the fastest-growing markets in the world. The previous year was marked by the thriving of the Fintech sector with record-breaking investments worldwide: a total of 3472 investment deals were made, worth $55.3 billion. And there is an explanation for that: the traditional banking industry is assimilating classic services using di...

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China leads the way

China leads the way

Published: 20 Jan 2021

Insurance Day magazine asked Li Jiao, partner at BUREN and Jim Sherwood, chairman of Global Insurance Law Connect if we might expect to see changes in local commercial insurance markets as has recently been seen in China, and if so, might there be some lessons we can learn? For the full article clickhere.

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Affinity Fraud and Ponzi Schemes: Victimizing One's Own

Affinity Fraud and Ponzi Schemes: Victimizing One's Own

Published: 18 Jan 2021

Last year marked the 100th anniversary of Charles Ponzi’s federal indictment for the infamous scheme that bears his name, in October 1920. Investors who are contemplating investing in a new investment opportunity may be well advised to learn more about affinity fraud and how to evaluate such a new investment opportunity for red flags. What Is Affinity Fraud? “Affinity fraud” is sometimes defined a...

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FG Düsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax

FG Düsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax

Published: 14 Jan 2021

The demolition of your parent’s home post-inheritance may lead to a retrospective loss of tax-exempt status. That was the verdict of the Finanzgericht (FG) Düsseldorf – the Fiscal Court of Düsseldorf – in a judgment from January 8, 2020 (Az.: 4 K 3120/18 Erb). Children who inherit real estate from their parents can receive an exemption from estate tax even if they go over their personal ...

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Belgium’s digital industry unites to discuss the use of analytic cookies without prior opt-in with the Belgian Data Protection Authority (GBA)

Belgium’s digital industry unites to discuss the use of analytic cookies without prior opt-in with the Belgian Data Protection Authority (GBA)

Published: 13 Jan 2021

Last week, Sirius Legal met with the Belgian Data Protection Authority as the legal representative of the united Belgian digital industry about the use of analytics cookies. On 7 January, sector organizations ACC, BAM, Cube, Feweb, SafeShops.be, UBA and UMA (representing agencies, advertisers, web builders and webshops) met with Belgium’s DPA to convey their concerns about the way in which prior e...

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