EU Court rules on resale of 'used' computer programs
On 3 July 2012, the Court of Justice of the European Union released its much-anticipated ruling in UsedSoft GmbH v Oracle International Corp. Under EU law, the distribution right of a software copyrightholder is exhausted after the first authorised sale, so that a lawful acquirer is entitled to resell software. The court held that this right applies regardless of whether the software was originally distributed on a physical medium or as a download from the copyrightholder’s website.
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As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.