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  • European Commission fines electronics manufacturers for e-commerce price manipulation

    European Commission fines electronics manufacturers for e-commerce price manipulation

    Published: 18 Jan 2019

    The European Commission has imposed fines in separate rulings on four electronics manufacturers totaling 111 million euros in response to violations of EU competition law. On 24 July 2018, the European Commission announced that four electronics manufacturers had been fined for dictating fixed and minimum prices to their online retailers for selling products and thus breaching EU competition law....

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  • Legality of advertising with statements on the effects of medical treatments

    Legality of advertising with statements on the effects of medical treatments

    Published: 16 Jan 2019

    Advertisements featuring statements on the effects of medical treatments are only permissible if they are supported by sound scientific evidence. This was reaffirmed by the Oberlandesgericht (OLG) Frankfurt, the Higher Regional Court of Frankfurt. Advertisements featuring health claims are subject to stringent requirements regarding the accuracy and ambiguity of the relevant statements. This is ...

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  • ECJ – Distinctive character necessary for registration as EU trade mark

    ECJ – Distinctive character necessary for registration as EU trade mark

    Published: 15 Jan 2019

    For a sign to be capable of being registered as an EU trade mark, it must be distinctive across the entire European Union. This was confirmed by the Court of Justice of European Union (ECJ) in a ruling from 25 July 2018. According to the ECJ’s case law, a sign lacking original distinctive character can only be registered as an EU trade mark if it has acquired distinctive character in the part of...

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  • BAG – Employers can claw back bonus payments

    BAG – Employers can claw back bonus payments

    Published: 14 Jan 2019

    The Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, confirmed in a recent ruling that employers can claw back collectively agreed bonus payments from employees under certain circumstances. It is common for employment contracts to include provisions on collectively agreed bonus payments, for instance when employers promise to pay a Christmas bonus. We at the commercial law firm GRP Ra...

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  • REGISTERING A FINTECH COMPANY IN MALTA

    REGISTERING A FINTECH COMPANY IN MALTA

    Published: 11 Jan 2019

    WHY MALTA? Lately Malta has established itself as a state, that is rapidly follows the technical and financial changes and is favorable to the creation of a business in the field of fintech. Malta is committed to be the number one jurisdiction for the registration of fintech companies, as it intends to create favorable conditions for the registration of fintech companies in Malta, as well as f...

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  • M&A – Tighter rules for foreign investors entering German market

    M&A – Tighter rules for foreign investors entering German market

    Published: 07 Jan 2019

    While corporate mergers and acquisitions boomed in 2018, investors from outside of the EU will now have a more difficult time joining or acquiring German businesses. At the end of 2018, the German federal government passed an amendment to the Außenwirtschaftsverordnung (AWV), Germany’s Foreign Trade and Payments Ordinance. We at the commercial law firm GRP Rainer Rechtsanwälte note tha...

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  • NIGERIA PLANS 40% SWITCH TO LPG IN 10 YRS

    NIGERIA PLANS 40% SWITCH TO LPG IN 10 YRS

    Published: 07 Jan 2019

    The Nigerian federal government has set a target which aims at achieving a 40 per cent energy switch from the consumption of Premium Motor Spirit (petrol), Dual Purpose Kerosene (kerosene) and Automotive Gas Oil (diesel), to the use of Liquefied Petroleum Gas. Under this arrangement, efforts are being intensified to promote the wider use of LPG in households, power generation, auto-gas and indus...

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  • PRIVATE FOUNDATION IN LIECHTENSTEIN

    PRIVATE FOUNDATION IN LIECHTENSTEIN

    Published: 04 Jan 2019

    Talking about private foundations, one of the leaders in this industry is the private foundations of Liechtenstein. Liechtenstein is known as a “small Switzerland”, its stable legal and political system, as well as a high level of confidence in this jurisdiction often make it an excellent choice for creating a private foundation. The two main advantages of private foundations in Liechtenstein are ...

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