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  • Prohibited advertising for homeopathic medicinal products featuring promise of success

    Prohibited advertising for homeopathic medicinal products featuring promise of success

    Published: 15 Jun 2018

    The Oberlandesgericht (OLG) München [Higher Regional Court of Munich] has ruled that promoting a homeopathic medicinal product with a promise of success is prohibited and a violation of competition law. For a homeopathic medicinal product to be approved, it is not necessary for its effectiveness to be proven with reference to scientific studies. We at the commercial law firm GRP Rainer Rech...

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  • OLG Frankfurt on misleading food advertising

    OLG Frankfurt on misleading food advertising

    Published: 14 Jun 2018

    Foods are not allowed to give consumers false impressions concerning their ingredients. That being said, not every ambiguity is automatically considered to be misleading to consumers. Consumers are not allowed to be misled regarding a food’s ingredients. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court, in a ruling from December 2015 (Az. I ZR 45/13). The case...

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  • Legal Shorts 14.06.18 including FCA "Dear CEO" letter to banks on crypto-assets and financial crime

    Legal Shorts 14.06.18 including FCA "Dear CEO" letter to banks on crypto-assets and financial crime

    Published: 14 Jun 2018

    Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry. If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.   Claire Cummings 020 7585 1406 claire.cummings@cummingslaw.com www.cummingslaw.com Updated privacy policy for Cummings Law Cummings Law has updated its ...

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  • Technical function not enough for trademark protection

    Technical function not enough for trademark protection

    Published: 12 Jun 2018

    According to trademark law, it is not possible to register marks as trademarks if they consist exclusively of a shape that is necessary to obtain a technical result. Coffee capsules can be purchased in every supermarket, but not all coffee capsules are created equally. Only one provider was allowed to supply certain capsules made from aluminium. This patent protection has since been rescinded by...

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  • GDPR-The Beginning of a New Era to Personal Data protection

    GDPR-The Beginning of a New Era to Personal Data protection

    Published: 11 Jun 2018

    By Michalis Economides - Advocate – Legal consultant / CEO at Chambersfield Economides Kranos Personal Data - New Legal Framework - Practical Application Following four years of debate, the (EU) 2016/679 regulation of the European Parliament and Council of the 27th of April 2016, is enforced.  The regulation refers to the protection of individuals, concerning the process of their ...

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  • A panacea in IBC Ordinance ?

    A panacea in IBC Ordinance ?

    Published: 10 Jun 2018

    Following the recommendations received from the Insolvency Committee, the Union cabinet has approved much-awaited ordinance amending the Insolvency and Bankruptcy Code (IBC) which is to be ratified by the President. The underlying intent in approving the ordinance with such alarming urgency is to modify the IBC to eradicate the roadblocks barricading the smooth enforcement of the IBC and facilit...

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  • GRP Rainer Rechtsanwälte – Taking out D&O insurance

    GRP Rainer Rechtsanwälte – Taking out D&O insurance

    Published: 08 Jun 2018

    Taking out a D&O insurance policy for a company’s executive bodies is a crucial step to reducing the risk of personal liability. Managing directors, executive and supervisory boards as well as other executive bodies within a company are subject to a significant risk of liability. Mere negligence can result in personal liability on the part of managers. To minimize this risk, a lot of busines...

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  • REGISTRATION OF INVESTMENT FUND

    REGISTRATION OF INVESTMENT FUND

    Published: 07 Jun 2018

    DO YOU NEED TO OPEN AN INVESTMENT FUND? First of all, opening of an investment fund will be interesting for professional financiers. The investment fund will allow the management of third party funds or work with borrowed funds. In addition, the opening of an investment fund is an excellent opportunity to collect investment in a particular project or start-up, which requires a large ...

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