> Would it not be possible to spin off “iPhone Europe PLC” which is worth less than the threshold? That kind of loophole-explotation floats only in common law.

> Would it not be possible to spin off “iPhone Europe PLC” which is worth less than the threshold? That kind of loophole-explotation floats only in common law. Not in civil law. The civil law would go down like a hammer on such heads.