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59The Member States are therefore free to set the aims of their coverage on betting and playing and, where applicable, to define intimately the extent of protection sought. However, the restrictive measures that they impose should satisfy the conditions laid down in the case-law of the Court as regards their proportionality . 54Consequently, as certainly the Portuguese Government expressly concedes, the legislation at issue in the principle proceedings gives rise to a restriction of the liberty to offer services enshrined in Article forty nine EC. Similarly, it isn't apparent from the file that Bwin had any intention to determine itself in Portugal. Consequently, there is nothing to counsel that the Treaty provisions on freedom of firm might be applicable to the dispute in the principle proceedings. 27The Liga and Bwin brought actions before the nationwide courtroom for annulment of those selections, invoking, inter alia, the related Community rules and case-law.

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In October 2016, Maksimović’s offshore firm left E-Gambling Montenegro, which has since been solely owned by Merig International. The company lost its license in July 2017 and had to officially halt its operations in on-line betting in February 2018, according to the Montenegrin gambling administration. Maksimović denied any of his involvement in on-line gambling and with E-Gambling Montenegro to Vijesti in 2015. Stathis firmly denied that he and Paul Phua used Universal Capital Bank for laundering of money from illegal betting sites. He also states that Phua has no ownership curiosity and no involvement whatsoever in UCB’s operations. This online betting supplier has been sponsor of many soccer clubs from FC Sevilla to Birmingham City FC, Wigan Athletic, Crystal Palace and Newcastle United FC .

“We don´t have info that any of incoming transfers to UCB bank in Montenegro had been topic of a suspension by renominated European banks which are corespondent banks for UCB worldwide funds,” they added. The money circulate statements show the loan was given in the last quarter of the year, between October and December 2015. Previously it was named C Y Foundation, and Phua owned sixteen percent shares no less than from 2012 to 2015. In 2013, the company was raided by Hong Kong anti-corruption agents. But financial accounts of the Montenegrin Really Useful for the final four years reveal that this company, with only one employee, had an enormous sum of money.

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