Belgium-based Lernout & Hauspie (L&H), a speech recognition and translation software developer, has brought a lawsuit in a US district court against former employee Marc Bautil for allegedly stealing a domain name.
L&H found out, to its surprise, that the iTranslator.com web site was owned by Bautil only when the company attempted to make improvements to the web site. L&H claims that Bautil registered the domain name in April 1998 after he started working at the company. It is claimed that, on discovery of the problem, Bautil wrote to L&H saying, "I'd be happy to sell you the domain name, make me an offer." Bautil launched his own, California-based, internet translation service after he stopped working for L&H in 1999 and, it is claimed, has redirected internet traffic from L&H's iTranslator site to this new company. L&H claims that this site "leads L&H customers and prospective customers into believing that the services and links provided on [Butil's] web site are sponsored by, or otherwise affiliated with, L&H." L&H, which recently filed for bankruptcy, has faced other troubles within the ranks when its co-founders and a former board member were charged with fraud and stock manipulation.
The substantial shareholding exemption (SSE) applies to companies and exempts certain gains that would otherwise be subject to UK corporation tax following a disposal of shares.
Most contracts for construction works will include an extension of time mechanism, whereby the contractor will be entitled to an extension of time to the agreed completion date – the date by which the works must be completed – in circumstances where there are delays to a project which are not the contractor’s fault or for which the employer has taken the risk.
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