Law information – Bankruptcy lawyers

Seek legal advice

Otis Howe — Mon, 14 Oct 2019 10:21:56 +0000

Whether you intend to establish a multinational venture or a start-up company, you need to seek legal advice from a renowned law firm. But, which criteria do you use when selecting the firm to present you in legal matters? Well, GTG Advocates is a renowned legal firm that revolves around delivering exceptional services to individuals, walk-in stores, start-up ventures, and e-commerce businesses. GTG has qualified and licensed advocates who have made numerous contributions in corporate restructuring, insolvency cases, and offering advisory services on capital markets and consumer investing. The firm also offers partnership and company formation advisory services to help partners establish businesses legally.

Services Offered By GTG Advocates

GTG Advocates is a reliable firm that offers legal services at a competitive fee. The company revolves around rendering key practices such as financial data privacy, data protection, intellectual property rights, and corporate law. GTG is also the home of Malta Individual Investor Programme, an investment procedure that helps investors to make well-informed decisions. Legal matters keep changing every now and then. Whether you need help on your upcoming mergers & acquisitions matters or advice on the best blockchain currency to consider, GTG has your interests in mind. The company takes pride in delivering affordable, exceptional, and reliable services in real-time.

GTG’s Customized Solutions

A reliable law firm should customize solutions to fit your underlying legal matters. GTG understands the need of covering the commonly known specialities and the sub-specialities in a bid to meet the clients’ needs and demands. GTG has experienced advocates who look into your problems and come up with solutions that benefit your company. For example, filing for bankruptcy has never been easy. The process is not only cumbersome but also hectic for business managers. The company believes in participation, where the support staff meets clients to discuss the arising legal matters. This way, the GTG’s support staff fully understands how your business operates.

What the EU Says about Online Casino Bonuses and Advertisment

Otis Howe — Tue, 19 Mar 2019 09:09:00 +0000

EU member states discussed the issue of gambling for the first time in 1992. The meeting was held in Edinburgh where the European Council members deliberated on how to regulate gambling activities. They agreed not to harmonise gambling activities but empower the Court of Justice of the European Union to provide rulings in gambling cases. However, in the advent of online gambling, the EU was hard-pressed to amend laws to ensure fair competition between gambling operators while protecting the consumer. As a result, various countries enforced different gambling laws within their jurisdictions. Here are examples of some countries’ gambling laws regarding bonuses and advertising.

Sweden

The Swedish government recently enforced laws regarding age limits, taxation and the licensing process of online operators in the country. It emphasised on creating a safe process for gambling instead of creating a healthy trading environment for the operators. As a result, the Swedish government is likely to enforce strict laws regarding welcome bonuses, the initial deposit bonus and other types of bonuses offered by online casinos. The regulations were also unclear about the role of advertising, which allows casino operators to leverage on visually seductive ads to target the impulses of potential customers.

Italy

The Italian government expressly prohibits online casinos from advertising. The law came into force on 14th July 2018, though it still needed ratification by Parliament. It means that online operators cannot inform the public of their services hence, cannot conduct business. This decree is considered an abuse of the regulatory instrument of the EU law that allows operators to provide gambling services.

Germany

The German government prohibits online casino games and poker in a bid to curb gambling addiction and money laundering practices in the country. However, the European Commission claims that the German government is yet to prove that the ban helps achieve this goal. Sadly, the failure to set up laws and regulations for online gambling entices many operators to engage in an unregulated market.

Four Poker Etiquette Rules All Rookies Should Know

Otis Howe — Wed, 06 Mar 2019 09:44:23 +0000

Poker players, like all other gamers, love etiquette at the table. Well, this is not common sense as what might seem very polite on the outside world, might be perceived very negatively at the poker table. Therefore, if you are a rookie at the cards, read the four tips below: But first, read this a disclaimer: The four tips will not teach you how to play poker; there is a lot of literature on that already. They will only keep you from making a fool of yourself on the table.

Know Your Turn

For poker’s sake, know when it is your turn to play. Follow the game and concentrate. Some players might be kind enough to keep you posted once or twice. After that, you become a nuisance and a game spoiler.

Wait for Your Turn

It is especially true when you wish to bet or fold. Wait for the other players to finish before exclaiming your decision. For example, folding before a player takes their turn might keep them from making a call as their winning will have reduced.

Do Not Bluff

Bullying is common in poker. A player can choose to claim that he has the upper hand in the game yet he does not have anything at all. That is called a full bluff. Doing this is risky because other players might ask you to deliver your hot air. It might hurt your friends and earn you heavy penalties in the real game. If you wish to bluff, try semi-bluff. It takes some practice but will come in handy when you put a brave face.

No Peeping

You know how it goes; you feel you might make a better move if you only you knew what cards the next person is holding. While this might be true, you are not allowed to peep over and check. Besides, the awkward giraffe-neck position, others may call you out and boy, what a shame!

Professional Poker Tax Laws in Different Countries

Otis Howe — Tue, 05 Mar 2019 09:23:53 +0000

Becoming a professional poker player from scratch is harder than becoming a pro from a non-pro poker player. For someone who is starting from scratch, research on how the game is played is necessary to get the idea and master the rules. For someone with a little more experience, start practising for the real professional poker games to master strategies. The Poker King advises those who are planning to pursue poker as a profession to train and practise for more experience. Moreover, a professional poker player must learn about taxation laws of different countries before indulging into professional poker as different countries have different taxation laws on professional poker In the US, professional poker player Joe McKeehen paid nearly half of his win as tax to the US Internal Revenue Service. Joe had won $7,783,346 in the World Series of Poker (WSOP) main event. The IRS took from him an outstanding federal income tax of over $3 million, translating to about 44% taxation rate. This tax cannot be evaded as the laws of the land state that all winnings on professional poker must be reported to the Internal Revenue Service. For immigrant pro poker players, taxing begins on the first registered winnings by the IRS. The Spanish government shares the same ideology by enforcing amongst the most restrictive tax laws for professional pokers, who must report and pay income tax for every euro won on poker. On the other hand, playing professional poker in Belgium is much friendlier. Ever since its legalisation in the country in 2002, licencing procedures were put in place and laws were enforced to regulate it. Within these laws, there is absolutely no taxation on any gambling winnings, both for land and online cassinos. Belgium sounds like a nice spot to kick off your professional poker career as it has been listed in VegasMaster’s list of gambling tax-free countries. The tax laws in Denmark are rather mild as compared to most of the other European countries. Last year, there were some legislative amendments in tax laws that saw a reduction from 28% to 20% in the tax rates for online pro poker winnings. This means that online professional poker players get to keep a little bit more of their money in Denmark as compared to the ones in Italy. In the UK, poker players who are UK residents are relieved of any direct taxation on poker winnings. However, the government has a 25% taxation rate policy for all registered cassinos. For professional poker players, tournament spots may attract minimal taxation rates which are taxed on winnings alone. Rather than that, poker winnings are generally tax-free in the UK.

The Fine Print: To Read or Not to Read

Otis Howe — Mon, 11 Feb 2019 10:06:40 +0000

Each time you register with a new service or make a new purchase, you’ll be presented with terms and conditions which you must indicate you agree with by checking and signing a box. These often come in the form of fine print, an exhaustingly large list of terms written in small font which most people skim or immediately scroll over without reading. You may be surprised, however, how important this fine print is, as it outlines both your rights and those of the service you are using. Without looking at the fine print, you can later be hit by unexpected terms which can harm your wallet or use your data. More importantly, you may not discover terms hiding under your mortgage to do with taxes, or coverage for your insurance. Here are some specific reasons why you should always read the fine print:

1. Know What You’re Getting

Large print can be purposefully misguiding or confusing. When you sign up to a welcome offer, for instance, like an offer or promotion, the fine print will outline stipulations on the service. Online casinos, for instance, offer free spins and bonus matches for new customers; the fine print will outline the depositing and wagering requirements you must meet before the offer is valid.

2. Subscription Issues

When signing up to something like a subscription, the fine print may indicate the longevity you must commit to, including an inability to cancel before the period ends. Subscriptions are prone to hidden costs and details which you should know before you buy.

3. Protect Your Personal Data/Information

Even trivial subscriptions and services make use of your personal information. The fine print will tell you what exactly a company will do with your information. You may be surprised to learn that some services freely share your personal information with third parties, or sell your information on for a profit.

Online Casino Laws and Safety Measures

Otis Howe — Mon, 12 Nov 2018 09:28:24 +0000

As a gambler, you have to know your gambling rights and practice safe gambling. Your security is important when it comes to protecting yourself from fraud or getting into trouble with the law.Most gambling sites are legit, but it is still possible to find fake gambling sites. Such websites do not care about player rights and put players at higher chances of being conned. In this text, you will learn about the laws that every online casino need to put in place to protect gamblers. These will help you to differentiate a real casino from a fake one.

Licencing

Recognized regulators must license all casinos. You can identify a legit casino from its about us page, where it states the jurisdiction under which it is licenced. If a casino does not have precise information on its licensing, then that’s a red flag. An unlicensed casino is also a fake one. You can also check the licensing through a casino`s Licencing and Regulations section.

Security

All legal casinos must provide a way to protect their customers’ data and cash transfers. Your user data should be kept secret. Otherwise, you are unsafe. The casino must show that it uses updated data encryption methods to protect customer identity.

Proper Money Transfering Options

All casinos must have recognizable withdrawal and depositing methods. Lack of a depositing or withdrawal option is a clear warning sign that a casino is fake. The transaction process must also have clear rules that ensure secure money transfer.

Safe Gambling

A legit casino has to provide various means to control how its customers gamble. Some of the common methods of controlling gambling include:

Providing links that provide help for problem gamblers.
Setting rules to restrict the amount of money deposited, time spent gambling and amount or types of games.
Providing options for gamblers to temporarily or completely close their accounts if they experience gambling problems.

Why you should Seek Legal Advice when Setting up a New Business

Otis Howe — Fri, 21 Sep 2018 12:17:28 +0000

Starting a new business can be an extremely exciting time but it can also be stressful. Not only do you have to worry about building up a client base and ensuring you deliver the best service but you also have to consider all the legal implications to ensure everything is just right and that you have enough protection. It is better to take some time to set all the legal necessities up at the beginning and to think about what future problems might arise so that you can put levels of protection into place. You should, always, therefore consult with a business solicitor as part of your business planning phase to ensure that all the bases are covered.

Is it Really Necessary?

Imagine, purely as an example, that you are starting an online casino. There are many legal issues that could arise from this type of business. What if, for instance, something went wrong with your licensing arrangement or you were accused of manipulating your payouts? If you didn’t have legal protection in place this could prove extremely costly to your business and could, in fact, close you down. If you are considering setting up an online casino you can always get help in regard to legal advice and also in other areas such as choosing a platform for your casino. It is not just casinos that need protection, however, all business do.

What can a Solicitor help with?

A solicitor can offer you advice in regard to how you would handle bad debts to help you maintain a healthy cash flow. They can also help you assess the levels of insurances that your business might need to keep your protected. They could offer advice as to whether you need a license for your business type and can help you apply for it. They can also help if you are thinking of buying into a ready-made business, ensuring that both parties are protected and that each side understands their liabilities. Legal advice protects you and your new business, it can keep your business running and help keep you profitable.

What Law Firm Should You Choose?

Otis Howe — Wed, 24 Aug 2016 07:45:10 +0000

Law is a highly complex subject, and even the best lawyers cannot know everything about all aspects of it. When choosing a law firm to handle your business’ legal needs, being cognizant of the value of sub-specialties will ensure that you pick a law firm that can handle your complex and ever-changing legal needs.

How Specialization Benefits You

While there are many common specialties in law (like divorce law, family law, or commercial law), many companies face problems that are even more specific than these relatively broad categories can reasonably address. A law firm with the kind of precise expertise that a sub-specialty entails will have a nuanced understanding of your problems, and will be able to craft solutions that fully address them.Even if you only need more generalized legal services, it is worth considering that a specialized firm might still be able to bring you better results. Such an organization has likely had substantial experience dealing with complex or unusual cases, and will be better-equipped to handle any roadblocks or abnormalities that arise while they are handling your case.

GTG Advocates Has The Experience You Need

GTG Advocates is a commercial law firm with sub-specialties in the shipping, financial services, information technology and i-gaming realms of law. Not only can they offer top quality service to any kind of business, but they can also provide expert service in these specific areas that is sure to get you the best outcomes possible. I-gaming in particular is a very uncommon niche, so if your company deals with that industry in any way, their counsel will be particularly valuable to you. Whether you’re looking to grow your business, sell it off, or need assistance navigating the process of filing for bankruptcy, they are an excellent choice to handle your legal needs.

What fields of law are there?

Otis Howe — Tue, 02 Aug 2016 07:29:39 +0000

The US legal system embraces several different branches of law: and many of them intersect with each other, too. Sooner or later, a lawyer will realize that she or he would like to specialize in some particular aspect of law. Below, you will find some of the key areas of US law that lawyers commonly specialize in.

Criminal Law

This branch of law deals with things that are illegal (i.e. that breach the criminal code). Criminal lawyers deal with everything from petty thefts to murder investigations.

Commercial Law

Also known as business law, commercial law governs how businesses behave. Commercial lawyers specialize in taxation, company registration, bankruptcy and much more.

Civil Rights Law

If you are interested in countering discrimination or standing up for groups of people who state that they are being oppressed, then you may like to specialize as a Civil Rights lawyer.

Jurisprudence

Also known as the philosophy of law, jurisprudence is perhaps the most academic of all of these specializations. Jurisprudes (this is the name for specialists in jurisprudence) specialize in questions about the relation between law and morality. They often work in universities or think tanks rather than law firms.

Maritime Law

Maritime law is the law that governs shipping and sea transportation. Maritime lawyers deal with cargo ships, marine insurance and similar issues.

Environmental law

Environmental lawyers are vital for ensuring that both individuals and companies do not breach their duties to our planet.

Alternatives to bankruptcy

Otis Howe — Tue, 09 Jun 2015 13:25:57 +0000

Bankruptcy is a huge step to take and even though it might look like the solution for writing of your debts It is a serious step and should only be considered after taking expert advice, this text from GTG Advocates is a comprehensive introduction. Alternatives to bankruptcy include the following.

Debt Management Plan (DMP)

You repay your debts in smaller monthly amounts based on what you can afford after essential living expenses are taken into account. The payment is made to a third party acting on your behalf, in monthly lump sum. It is then divided between your creditors proportionate to how much you owe each one. When you set up a DMP the third part will help you to put together and income and expenditure statement detailing how much you spend each month on mortgage/ rent, council tax, food, travel to work/school, utilities and deduct from that your income from all sources; what is left you pay to into your plan. Once a DMP is agreed, those frequent calls from creditors will cease and you will be able to enjoy some quality of life again, even though you will have to forget about that expensive holiday or new car for a while. You need to be aware that a DMP means that it will take you longer to clear your debts.

Individual Voluntary Agreement (IVA) (not Scotland)

An IVA could be seen as a more official and legally binding version of a DMP, arranged on your behalf by a qualified Insolvency Practitioner. Acting on your behalf, and after considering all your circumstances, the Insolvency Practitioner will arrange a meeting with your creditors where a proposal about repayment of your debts will be put forward. If it is accepted, you will be expected to pay your debts for 5 to 6 years, after which any balance will be written off. Unlike a DMP, interest and changes are frozen and your creditors cannot continue with any planned court action against you. It is essential you get expert advice before seeking and IVA as an IVA will not only affect your credit rating but may impact your employment. Whilst on an IVA you will be expected to adhere to your budget and any inheritance, bonuses or cash prizes will be taken into account.

Debt Relief Order (DRO) (not Scotland)

To apply for a DRO you must owe less than £15,000, have less than £3,000 in assets and have at least £50 a month available after essential living expenses. DROs are designed to allow you a breathing space of twelve months, as an alternative to bankruptcy. It costs £90 to apply for a DRO. If accepted your debts are frozen for twelve months, after which if your circumstances have not improved the debt is written off. You need expert advice to apply for a DRO.