Hamburg, Germany

Give It a Try: How to Transfer Personal Data from Europe to the US after the ECJ Ruled the Privacy Shield Void

By Jaroslaw Norbert Nowak, nbs partners

On 16 July 2020, the European Court of Justice (ECJ) declared the Privacy Shield Adequacy Decision (2016/1250; hereafter “Privacy Shield”) of the European Commission on personal data transfer from the European Union (EU) to the United States (US) invalid (Case C-311/18). In the view of the ECJ, the limitations on the protection of personal data arising from the domestic law of the United States on the access and use by US public authorities are not satisfying a level of data protection that is essentially equivalent to the requirements under EU law.

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Tel Aviv, Israel

IP Protection: More than Meets the Eye

By Eran Soroker and Robert Dorneanu, Soroker Agmon Nordman | IP & beyond

From Gucci to Ray-Ban, sunglasses brands are a big deal. Each year, companies spend millions of dollars creating brand presence and protecting their IP. Brand protection is usually associated with products or services. For example, Apple’s trademarks appear on iPhones and iPads and Google’s trademarks are displayed on their search engine, email services, etc. Brand protection does not stop there and there is more than meets the eye. The story of the successful Israeli fashion eyewear brand, Carolina Lemke, famous for its marketing campaign led by Kim Kardashian West and Bar Refaeli, is a good example.

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Singapore

GST on e-Commerce Transactions in Singapore

By Eddie Lee, Robert Yam & Co.

Generally, e-commerce is a growing market, with many countries in Asia, including Singapore, accelerating the e-commerce push. This refers to the growing trend of online transactions for the supply of physical goods, digitised goods, and services between two or more contractual parties. Many tax authorities around the world, including the IRAS in Singapore, are keen to tap on this growing source of tax revenue.

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Zurich, Switzerland

Swiss Retrocessions

By Helen Burggraf, Guest author for US Tax & Financial Services

Americans, Brits and others with Swiss bank accounts prior to 2012 are being warned that time is running out for them to get back any hidden commissions they may have paid.This comes in the wake of a recent Swiss Supreme Court ruling which updated four earlier decisions, and which, some say, has shone a timely spotlight on a littleknown virtual pot of unclaimed cash…

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Train with trucks in Austria

19 Motley Real Estate Ideas in Times of COVID-19 - Part I – “Logistic” Properties

By Helmut Seitz and Nadja Holzer, HSP Rechtsanwälte GmbH

Suddenly everything was different! Shops were closed, schools and offces were empty, people were queuing up in supermarkets, and hotels had more employees than guests. Any other rental income than from housing suddenly was questionable. The pandemic hit the real estate world with disruptive intensity. We were asking ourselves, “What can we do in the world of real estate to overcome this?” We compiled 19 motley ideas. They are structured in asset classes. In this edition we want to start with “logistic” properties. Obviously, logistics like Amazon or Alibaba warehouse can be seen as winners in these times. But there is more beyond these “no-brainers”.

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