Internet is “essential” for modern life, according to a German court
“The Internet plays a very important role today and affects the private life of an individual in very decisive ways.”
Author: Carsten Lexa
Carsten Lexa, LL.M. holds an LL.M. in International Commercial Law from the University of Westminster in London, UK. He has been an Attorney at Law in Germany since September 2005: He was Associate Attorney at the law firm of Lachner Graf von Westphalen Spamer in Frankfurt am Main until May 2007 (Commercial Law / Corporate Law) and has been a Partner in the law firm of WPV Rechtsanwälte until May 2009 dealing with Commercial Law / Corporate Law / Contract Law matters.
In June 2009, Carsten Lexa established his own law firm, advising corporate clients, especially family businesses, in the areas of Commercial, Corporate and Contract Law matters (Website: www.kanzlei-lexa.de).
Carsten Lexa is also engaged in the academic side of the Law, being appointed Examiner at the Julius-Maximilians-University in Würzburg, and he is seminar facilitator in the field of claim management, company formation and company restructuring. Since 2010, he is also associate professor at the University of Applied Science in Würzburg.
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Poker players must pay taxes on their winnings in Germany
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. The German finance court of Cologne has ruledthat poker is a game of skill. The ruling is in response to poker player Eduard Scharf´s claims that his poker winnings shouldn’t be taxed because poker is a game of chance, and “anyone can win a game of poker.” The court disagreed, ruling that “he had to pay
The German Federal Constitutional Court and the European Stability Mechanism
By: Carsten Lexa The German Federal Constitutional Court in Karlsruhe dismissed motions on Wednesday that sought to block the Euro Zone’s permanent bailout fund, the European Stability Mechanism, or ESM. The ESM is designed to handle bailouts and work in tandem with the European Central Bank to buy the bonds of countries, such as Italy and Spain, that are straining
Insurance against piracy for shipowners in Germany
By: Carsten Lexa, LL.M. A group of German insurers will help shipowners in cases of war risks. For the first time, shipowners in Germany can get insurance against war risks. Shipowners will be able to insure their cargo ships against the consequences of martial conflict and pirate attacks. Normally, German shipowners insure their cargo ships against these risks in London
New Incoterms 2010
By: Carsten Lexa, LL.M. The Incoterms (“International Commercial Terms”) are a series of international sales terms, published by the International Chamber of Commerce (ICC) and widely used in international commercial transactions. These sales terms that govern delivery duties, transportation duties, duties regarding customs clearance and regarding transfer of risk have been revised. They will be published officially at the end of September
UK Government and the “new deal” with credit card companies
By: Carsten Lexa In 2009 there were about 30 million credit card holders in the UK, holding about 58 million credit cards, down from 66 million credit cards in 2008. Beyond that, total household debt in the UK has reached a level of 1400 billion pounds sterling, of which 55 billion pounds sterling is on credit cards. When loooking at
As companies battle the recession, bartering comes in handy
By: Carsten Lexa Money helps a lot when it comes to exchanging goods. One buys the goods, pays with cash and takes the goods away. So far, so good. But what if free cash to spend is a rare thing? For example in times like today, when the economy is not doing well and money is scarce? Today, more and
The US credit card business – Credit CARD Act 2009
By: Carsten Lexa On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card debt. On November 3rd, 2009, I wrote in a the second article about a Goverment proposal regarding new legislation for
Happy New Year!
We wish all our readers a very happy new year 2010. Thanks for reading our articles and making this blog project, a collaboration of legal professionals from around the world, a success! We will try very hard to bring you in 2010 again interesting stories from around the world related to comercial and business law. Carsten Lexa Related Posts:No Related