Blum&Grob advises the Wyss Zurich project LifeMatrix in establishing its spin-off entity
The multidisciplinary LifeMatrix team of Wyss Zurich is developing a unique innovative tissue engineering technology to grow replacement tissue in the laboratory, which will be compatible with every patient, regenerate and grow with the recipient. This technology is particularly promising for the treatment of children born with a heart defect. Blum&Grob is advising the LifeMatrix team in legal matters and has particularly contributed to the incorporation of the spin-off entity LIFEMATRIX TECHNOLOGIES Ltd with registered offices in Zurich.
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.