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  • OLG Köln: Will written with non-dominant hand valid

    OLG Köln: Will written with non-dominant hand valid

    Published: 17 Nov 2017

    It is possible for a will to be valid even if it was written with the hand one does not normally write with. That was the verdict of the Oberlandesgericht (OLG) Köln [Higher Regional Court of Cologne] in its ruling of August 3, 2017 (Az.: 2 Wx 149/17). In addition to preparing a notarized will, a testamentary disposition can also be handwritten. To this end, the will needs to be written fro...

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  • Legal Shorts 17.11.17 including MiFID II Event and MiFID II: ESMA clarifies trading obligation for shares

    Legal Shorts 17.11.17 including MiFID II Event and MiFID II: ESMA clarifies trading obligation for shares

    Published: 17 Nov 2017

    Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry. If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.  Claire Cummings 020 7585 1406 claire.cummings@cummingslaw.com www.cummingslaw.com ________________________________________ MiFID II Event Claire Cummings wil...

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  • PIERGIORGIO ZETTERA ASSISTS THE LISTED COMPANY Solaria Energia Generacion Renovable S.L. FOR THE ACQUISITION OF A 5 MW PHOTOVOLTAIC PLANT IN SARDINIA (ITALY)

    PIERGIORGIO ZETTERA ASSISTS THE LISTED COMPANY Solaria Energia Generacion Renovable S.L. FOR THE ACQUISITION OF A 5 MW PHOTOVOLTAIC PLANT IN SARDINIA (ITALY)

    Published: 15 Nov 2017

    Piergiorgio Zettera, Partner at Studio Internazionale, has assisted Solaria Energia Generacion Renovable S.L., belonging to the Spanish Group Solaria Energia y Medio Ambiente S.A. and listed in the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges, in the acquisition of the remaining stake (50%) of Serre UTA, an Italian 5.8 MWp photovoltaic plant located in the Municipality of Uta (Cagliari-S...

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  • OLG Köln: Only serious misconduct justifies withdrawal from contract of inheritance

    OLG Köln: Only serious misconduct justifies withdrawal from contract of inheritance

    Published: 13 Nov 2017

    Apart from a will, it is also possible to prepare a contract of inheritance as a way of organizing one’s estate. It should be noted, however, that a contract of inheritance has a significantly stronger binding effect. In the absence of a will or contract of inheritance, the rules of intestate succession apply automatically following the death of the testator. If these run contrary to the testato...

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  • TRANSFER PRICING AND PROVISIONS AGAINST TAX EVASION

    TRANSFER PRICING AND PROVISIONS AGAINST TAX EVASION

    Published: 13 Nov 2017

    The objection raised in terms of transfer pricing was deemed illegitimate, as the Italian tax authority was not able to prove that transfer pricing was used to shift the tax base to countries with a lower tax rate than Italy. This ruling confirms that transfer pricing is a useful tax evasion tool and is in line with previous rulings by the Supreme Court (e.g. Supreme Court ruling no. 22023/2006, S...

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  • Pharmacies not allowed to offer promotional gifts in the case of fixed-price pharmaceuticals

    Pharmacies not allowed to offer promotional gifts in the case of fixed-price pharmaceuticals

    Published: 10 Nov 2017

    Pharmacies are not allowed to offer their customers promotional gifts when the latter are purchasing prescription medicinal products. That was the verdict of the Oberverwaltungsgericht (OVG) NRW, North Rhine-Westphalia’s Higher Administrative Court, in two rulings from September 8, 2017. Consumers in Germany are accustomed to prescription pharmaceuticals being the same price in every pharmacy. W...

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  • Legal Shorts 10.11.17 including MiFID II Event and MiFID II: FCA guidance on trading venue notifications

    Legal Shorts 10.11.17 including MiFID II Event and MiFID II: FCA guidance on trading venue notifications

    Published: 10 Nov 2017

    Trouble viewing this email? Read it online Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry. If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.   Claire Cummings 020 7585 1406 claire.cummings@cummingslaw.com www.cummingslaw.com MiFID II Event Clair...

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  • Commercial agent’s claim for compensation following voluntary termination

    Commercial agent’s claim for compensation following voluntary termination

    Published: 09 Nov 2017

    A commercial agent may even be entitled to compensation if he or she voluntarily issues notice of termination. However, the company’s conduct needs to give rise to legitimate grounds for termination for this to happen. When a commercial agency agreement is brought to an end, the commercial agent often has a right to compensation. This is because the company in a lot of cases continues to profit ...

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