Chanel loses trademark dispute against EUIPO over Huawei trademark

The Court of Justice of the European Union, General Court, recently lowered Chanel’s hopes of having a trademark belonging to Huawei Technologies Co., Ltd. invalidated. The court found that the trademarks (see below) are not similar, therefore there is no likelihood of confusion and that trademarks must be assessed as registered, regardless of their rotation […]

Margret Knitter LL.M.Partner, SKW Schwarz Rechtsanwälte

Indications of origin: Black Forest ham need not be sliced in the Black Forest

Black Forest ham (Schwarzwälder Schinken) may be referred to as such even if it is not sliced and packaged in the Black Forest. That was the verdict of the Bundesgerichtshof (BGH), Germany’s Federal Supreme Court (Az.: I ZB 72/19). Geographical indications of origin can be protected in a similar manner to trademarks, something which can […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Greensill Bank: Customers unable to access their money – BaFin orders moratorium

The Bundesanstalt für Finanzdienstleistungsaufischt (BaFin) – Germany’s Federal Financial Supervisory Authority – has closed down Greensill Bank’s business operations with its customers and filed criminal charges. Private investors as well as institutional investors and municipalities fear losing their money at the bank. Greensill Bank was acquired by the British-Australian financial conglomerate Greensill Capital in 2014, […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Duff & Phelps, A Kroll Business, Advised ETAK Systems LLC on Its Sale to ADB Companies, LLC

In March 2021, ETAK Systems LLC (“ETAK” or the “Company”), a portfolio company of Mosaic Capital Partners (“Mosaic”), was acquired by ADB Companies, LLC (“ADB”).  Duff & Phelps served as the exclusive financial advisor to ETAK in connection with the transaction. About ETAK Systems LLCHeadquartered in Charlotte, North Carolina, ETAK Systems provide a full range […]

Dr. Kerim KeserPartner, Duff & Phelps

LAG Düsseldorf: Short-time workers on zero hours do not accumulate vacation leave

Short-time working – Kurzarbeit in German – refers to a government scheme that allows businesses experiencing economic difficulties to temporarily reduce their employees’ working hours, with the state making up for all or part of the lost wages. Many firms have had recourse to this program for reasons related to COVID-19. The Landesarbeitsgericht (LAG) Düsseldorf […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Duff & Phelps European Mid-Market Debt Update –Spring 2021

Socially Distanced Deal Making Goes Viral as Economy Prepares for Pandemic Recovery We are delighted to share with you our spring 2021 quarterly mid-market market update. In this issue, we present the results of our inaugural debt mid-market survey, tracking deals completed by over 50 leading European lenders in H2-2020. We also provide commentary on […]

Dr. Kerim KeserPartner, Duff & Phelps

BaFin determines that compensation is payable to depositors of insolvent Greensill Bank

As was to be expected, the Bundesanstalt für Finanzdienstleistungsaufischt (BaFin) – Germany’s Federal Financial Supervisory Authority – has determined that compensation is payable to Greensill Bank’s depositors, as the bank is no longer able to repay all of its customers’ deposits. Insolvency proceedings have also been initiated against the bank with the Amtsgericht Bremen, the […]

Michael RainerManaging Partner, MTR Rechtsanwälte

COVID-19: Provider of business closure insurance to pay out around 760,000 euros for closed bars

In a ruling from February 19, 2021, the Landgericht (LG) Düsseldorf – the Regional Court of Düsseldorf – held that the provider of business closure insurance has to pay out for bars closing in connection with the coronavirus (Az.: 40 O 53/20). The case-law concerning the obligation of a provider of business closure insurance to […]

Michael RainerManaging Partner, MTR Rechtsanwälte