The Free Agent

In the M&A-Law world, I am facing a major challenge: Clients, buyers, sellers, and even opposing counsel are taking advice from AI Systems. Last week, a client sent an LOI that was exceedingly standard and a very favorable offer for the seller. The seller ran it through ChatGPT, and it told the seller that it was a bad deal, including that the seller should not agree to a non-compete (very standard). The seller sent an email with all of the ChatGPT-flagged issues list and terminated discussions. It is not just sellers, but my clients are sending me AI-generated lists, and I have to try to convince them that AI is off-base (or lacking nuance) and that my opinion is right. I find myself defending myself from their AI tools. AI (in its current form) is like a person you meet at a dinner party who talks loudly and confidently, but upon scrutiny lacks nuance or strategic understanding. This results in bad outcomes for many people, including the seller who rejected a great LOI offer. AI can be a great tool for people who already know a lot about a topic, but very damaging to people who use it for something they do not know about. It is also eating up a lot of legal time to run through issues lists, which are quickly written by low-cost AI.

Je considère que la libre circulation dans l'espace Schengen devrait être réservée aux seuls ressortissants des pays européens. Obtenir un titre de séjour en Espagne, par exemple, ne doit pas permettre de circuler librement dans tous les pays de l'Union européenne.

i mean yeah, it's not just killing/robbery. People don't know about the institutional theft and corruption that rivals any african country, the dismal state of infrastructure, that 60% of the pop has no acecss to sewage system, & the zero trust culture of the general public

fuera.

I think 80% of families looking for a European base will end up in Cyprus. Here's why. 15% corporate tax. A 17-year non-dom regime that eliminates tax on foreign dividends and interest with just 60 days of presence. English everywhere. British common law. No wealth tax. No inheritance tax. 340 days of sunshine. EU citizenship after 7 years of residency. Direct flights to London, Dubai, and most of Europe. Healthcare is affordable and high quality. International schools in every major city. And with €300K in real estate, you qualify for permanent residency if you prefer the investment route. No other country gives you this combination at this price point. Some people find it boring. As Portugal cools down, 80% of globally mobile families will most likely end up choosing Cyprus. What's your take: how's life in Cyprus? Is it really as boring? Please share your honest pros and cons.

The population replacement at this time mostly happens through mass immigration and low birth rates. But as the Muslim / African welfare population increases, the burden on native Europeans will increase. They will pay even higher taxes while getting less in return in the form of services, because the money to a higher degree goes to welfare for immigrants and descendants. Furthermore, the immigrants overwhelmingly vote for political parties that are in favor of high taxes and welfare (for immigrants). So in the future, this financial burden will increase, at the same time that the advantages of living in Europe (safety, walkability, coziness) will decrease. So it will be natural for more Europeans to emigrate to other places. This will further speed up the replacement, especially of the more productive citizens, which in turn will increase the emigration pressure further. I still hope that this spiral can be disrupted with sufficient political will. But if not, it will be interesting to see where this diaspora of productive Europeans will end up. It has not been easy for Europeans to migrate to the U.S. over the last few decades, but maybe that will change.

It’s insane seeing how big São Paulo 🇧🇷 really is Got here last night and the city just went on and on and on Very excited about exploring it