Blum&Grob advises Elektro-Material in the spin-off initiative Digitalfeld
Blum&Grob advises Elektro-Material Ltd in the spin-off and in the setup of the join-venture-startup Digitalfeld Ltd. Digitalfeld developed an innovative online-platform-technology supporting clients of Elektro-Material, electricians and other entrepreneurs in the setup and in the administration of an own e-commerce business.
NFTs in Metaverse: Do Trademark Owners need to register their Trademarks for Virtual Goods and Services?
“Nike Sold an NFT Sneaker for USD 134’000”: This York Times headline of May 26, 2022 and similar headlines regarding virtual goods in Metaverses or NFT Trade Platforms have made us realize that NFTs are not only for digital art but also a huge market for brand products.
Recognition of foreign family foundations in Switzerland
Swiss Family Foundations are not commonly used for asset protection or estate planning purposes due to a de facto prohibition of family maintenance foundation. Since families are often spread over different countries and continents and assets are located in various jurisdictions, contributions of assets to a foundation may very well be an optimal solution, also because these assets no longer fall within the scope of the estate. For this purpose, foundations are set up in jurisdictions like Liechtenstein.