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With Wirecard AG now insolvent, investors are potentially facing severe losses. Shareholders and investors in Wirecard bonds and derivatives can assert claims for damages. While the extent of Wirecard creditors’ losses is as yet incalculable, the liabilities of the former DAX-listed company are likely to be enormous. Media reports are quoting a figure of 1.6 billion euros in bank loans alone. This...

Under sec. 7 (1) Foreign Tax Act (AStG), income from so-called intermediate companies (companies generating income within the meaning of sec. 8 AStG with registered office or business operations outside Germany, in which German unlimited taxable persons hold an interest of more than 50%) is taxable in Germany in the amount corresponding to the (domestic) participation in this intermediate company....

Mediation is increasingly the first choice as a method for resolving disputes. The benefits of include lower costs, a less formal environment and the knowledge that all parties are committed to finding resolution. Giambrone’s lawyers in the dispute resolution and litigation team have extensive experience of successfully obtaining satisfactory conclusions for our clients in a wide range of contenti...

A. Information about the Emerging Companies Market The Emerging Companies Market (ECM) is considered as a Multilateral Trading Facility (MTF) according to “the provision of Investment Services, the exercise of investment activities, the operation of regulated markets and other related matters” Law 144(I)/ 2007. The ECM operates according to the Regulative Decisions adopted by the Cyprus Stock Exch...

The third in a series of Technical Notices' relating to the end of the transition period was published by HM Government of Gibraltar earlier this week. In the event that the UK and Gibraltar leave the EU without an agreement on 31 December (at the end of the transition period) 2020, procedures and requirements regarding passports and travel documents for travel within the Schengen Area (includ...

The Legal 500 have for the third year running chosen ISOLAS LLP to contribute to their Tax Country Comparative Guides 2020. The guide, in its 5th annual edition, offers a practical overview of the laws and regulations in key jurisdictions. Each chapter has been produced alongside some of the world’s leading lawyers from renowned firms ranked within the Legal 500. Emma Lejeune, Partner, and Stuart ...

Despite the many challenges presented by the pandemic, the legal community within Gibraltar will today see in the new legal year with its annual ceremony. The Opening of the Legal Year ceremony, hosted by the Chief Justice of Gibraltar, will be held in strict compliance with the Civil Contingencies Emergency (Coronavirus) (Restrictions on Gatherings No.5) Regulations 2020. The restrictions, introd...

As a result of a recent ruling by the EUIPO Cancellation Division, street artist Banksy has lost a two-year trademark battle with “Full Color Black”, a company selling greeting cards, oftentimes using Banksy’s artwork. The dispute revolved around a figurative EU trademark, representing Banksy’s iconic graffiti painting called “Flower Thrower”, which first appeared on a wall in Jerusalem in 2005. T...