Managers‘ risk of liability and D&O insurance
Thursday 22 february 2018 - 16:35
Mistakes made by managers can prove costly both for the company as well as the managers themselves. For this reason, many companies take out D&O insurance policies for their executive personnel.
The executives in a company not only bear considerable responsibility, they can also be held accountable for the mistakes they make and held liable with their private assets. An increasing number of businesses have therefore begun taking out D&O insurance or management liability insurance for their governing entities. The business can benefit from this as well if it personally asserts claims against its executive personnel and the D&O insurance needs to kick in.
BGH: A square shape can also be protected as a trademark
Thursday 22 february 2018 - 16:34
Three-dimensional symbols that represent the shape of a product can be protected as a trademark. That was the verdict of the Bundesgerichtshof (BGH), Germany's Federal Supreme Court, in two rulings from October 18, 2017 (Az.: I ZB 3/17 and I ZB 4/17).
A chocolate manufacturer and a dextrose manufacturer had their three-dimensional symbols registered as trademarks. Competitors of theirs did not want to leave it at that and instead filed an application for cancellation of the trademarks. The dispute ultimately came before the Bundesgerichtshof.