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A ratchet is a structure whereby the eventual equity allocations between the shareholders depend on future performance of the company or the rate of return achieved by the venture capital firm.
The venture capital investors in an investment round normally require that certain actions cannot be taken without the consent of the holders of a majority of their class or series of shares.
Latest news — April 2014: the training of UPC judges; local and regional UPC divisions announced; and more
The Preparatory Committee has now formulated a number of categories of suitability of the candidates, including those with training needs.
A decision by the German Federal Court of Justice has confirmed the broad interpretation of the term ‘health claim’ in the context of Regulation (EC) No 1924/2006.
On 28 November 2013, the European Commission announced a proposal for a directive on trade secrets and confidential information.
The European Medicines Agency launched a new post-marketing surveillance system in the autumn called the ‘Black Triangle’ scheme.
When considering whether a sign ‘consists exclusively of the shape of goods that is necessary to obtain a technical result’, the court is not confined to looking at the sign as filed.
The German Federal Court of Justice has found that a party does not need to intend to take unfair advantage of the distinctiveness of a mark without due cause.
The EU General Court has upheld an OHIM Board of Appeal decision refusing Deutsche Bank’s application for the word mark ‘PASSION TO PERFORM’.
The KORNSPITZ revocation case reminds brand owners that marks must act as badges of origin for the ultimate consumer of the goods, rather than intermediaries...
The CJEU has given a procedural judgment in a trademark cancellation case, clarifying the ground rules for EU courts in assessing the legal arguments made before them.
HCI filed an application for the figurative mark ZENSATIONS that was opposed by Shiseido.
The CJEU has confirmed that site-blocking injunctions can be granted against ISPs, provided they strike a ‘fair balance’ between fundamental rights.
We are all familiar with the radio adverts at the end of which a breathless actor speed-reads or sings the mandatory ‘legal bits’.
General terms and conditions are any contractual terms that have been provided by one contracting party (user) to the other party.
When the debt relief procedure for natural persons was introduced in 2008, it was considered that it should be available only for a natural person’s non-business debts.
An English scheme for a company that has a ‘sufficiently close connection’ with the jurisdiction can be proposed, albeit recognition in Poland is at the discretion of the Polish courts.
The High Court has decided how the expected surplus assets of Lehman Brothers International Europe should be distributed between a number of creditors.
Heads of state on both sides of the Atlantic recently condemned the Russian Federation for its actions in Ukraine.
The European court has confirmed that site-blocking injunctions can be granted against ISPs, provided the injunctions strike a ‘fair balance’ between fundamental rights.