Companies use trademarks to distinguish themselves and their goods or services in the vast and challenging sea of competitive markets. Trademarks have become a symbol of quality and a tool to encapsulate value. By building on consumer confidence, they are a sign of a company’s goodwill and a means for building customer brand loyalty. Consumers come to emotionally connect with ...
Following we would like to provide an overview of significant rules on executive officer liability towards third parties. The topic is currently hotly debated due to recent changes. Not everyone agrees on how the new regulations should be interpreted and applied and therefore further changes should be expected as court decisions and additional legislation clear up the ambiguity. New ...
A recent study conducted by the Office for Harmonization in the Internal Market has estimated that intellectual property rights (IPR) related sectors account for around 39% of EU GDP (around 4.7 trillion EUR annually) and up to 35% of all jobs. Patent applications, registered EU trademarks and trademark applications have doubled since 2003, which suggests that the legal and administrative framework ...
Statutes of Limitations can play a significant role when a party seeks enforcement of claims. The more time that passes, the more difficult it can be to prove a claim. Documents get lost and who said or did what becomes less clear. For claims with no Statutes of Limitations set by law, the courts must determine the claim within the ...
On 1 July 2014, the Russian Civil Code introduced new pledge regulations. The changes greatly affect not only the relationship between pledgors and pledgees, but shall also have a considerable impact on the banking and finance sector. In this review we provide the most important developments of the new pledge regulations. The concept of the pledge (art. 334) In addition to pledgee’s ...
Specht Böhm Vienna attorneys, Erhard Böhm and Paul Proksch, have contributed to the 2014 edition of Getting The Deal Through – Dispute Resolution. The article gives an overview of the civil court system, civil proceedings and arbitration in Austria. It is reproduced with the permission from Law Business Research Ltd. who first published the article online (contributing editor: Simon Bushell, ...
In the beginning of July, Specht Böhm Vienna participated in a two day forum in Vienna and Graz on legal issues surrounding Russian exports entitled, "Rechtliche Rahmenbedingungen bei Russland-Exporten." Over a hundred participants attended the forum organized by the Austrian Chamber of Commerce. Specht Böhm attorney, Leon Kopecky, discussed drafting contracts for Russian ...
New tax amendments with respect to taxation of passive income of individuals are in effect since 1 July 2014 in Ukraine. The Law No.1166-VII “On prevention the financial catastrophe and creation preconditions for economic growth in Ukraine” was adopted on 27 March 2014 by the Verkhovna Rada of Ukraine introducing new legal regulations into the Ukrainian Tax Code. Most importantly, a ...
Last week the Austrian Ministry of Finance announced which companies would be awarded three new casino concessions for Vienna and Lower Austria. Amongst the victors is a Swiss-German investment consortium that Specht Böhm has been advising in their efforts to break into the Vienna market. For almost five decades, concessions had solely been allocated in non-public tender procedures. A judgment of ...
Dusan Rakitic, managing partner of Specht Boehm Belgrade, has been selected as “Lawyer of the Year” for Corporate Law in the third edition of the Best Lawyers® list for Serbia and Montenegro. Only a single lawyer in each practice area in each community is being honored as the "Lawyer of the Year". Dusan was also one of twelve Serbian lawyers ...