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Out-Law / Your Daily Need-To-Know

Out-Law News

EU-wide protection for designs begins today

01 Apr 2003, 12:00 am

Businesses can protect their designs by registering them throughout the EU as from today. A fee of €230 buys exclusive rights to use the design for five years, renewable for up to 25 years, together with protection throughout the EU against both deliberate and inadvertent copying.

While the Office for Harmonisation in the Internal Market (OHIM), based in Alicante, will register community designs only from today, 1st April, it has been accepting applications from designers and businesses throughout the EU since January.

Germany is leading the world in the number of applications, with over 60 so far. It is followed by the UK, Spain, Italy, the Netherlands and then the US, according to figures reported by Legal Media Group.

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The substantial shareholding exemption

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.

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Out-Law Guide

Extensions of time and liquidated damages

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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'Steps of court' settlement was not negligent, court rules

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