On 25 January 2013, AS Kemiflora sold to Teknos Group Oy the sole share of its subsidiary Kemiflora Kaubandus OÜ to which AS Kemiflora recently transferred its entire paints and coatings business. Finalizing of the transaction is still subject to approval by Estonian Competition Authority. Teknos is one of Europe’s leading suppliers of industrial coatings with a strong position in retail and architectural coatings. AS Kemiflora has been involved in Estonia’s paints and coatings industry for over two decades, and has for a long time been the most important importer of coatings for Teknos.
Monthly Archives: January 2013
Under the terms of a settlement agreement signed earlier this month, Dr. Nicholas L. DePace should receive approximately $2,400,000 as his portion of a settlement of the qui tam False Claims Act lawsuit he filed in 2008. In addition, defendant Cooper Health System agreed to pay $430,000 to the law firm that represented Dr. DePace in the […]
For more information please visit www.omwhealthlaw.com or click on the headline above.
If a variation to a loan contract is documented by a new credit contract instead of a variation agreement, the responsible lending provisions will be triggered.
Everybody knows that the responsible lending obligations are triggered when a loan is varied by increasing the principal sum, but it may come as a surprise that other loan variations can also trigger responsible lending obligations.
The responsible lending obligations (making enquiries about the borrower’s requirements and objectives, enquiring about and verifying the borrower’s financial position and making a credit assessment) are triggered when a credit assistant suggests or arranges for a borrower to enter into a specific credit contract or specific finance lease. More…
- Gas producers to be allowed to charge market rates: 12th Five Year Plan
- Government to float Oil India’s INR 2,500‐crore issue by January 15, 2013
- Oil ministry to allow Cairn India to further explore Rajasthan oilfields
- The Rangarajan panel suggests a Complex gas pricing formula
- Rangarajan panel proposes real‐time audit for USD 1 billion oil blocks
- DGH rejects RIL’s proposal to do single test in 3 discoveries in KG‐D6 block
- Rangarajan panel: No need for CAG audit of RIL’s CBM blocks
- Government bars oil PSUs from setting up self‐funded petrol pumps
- Oil Ministry directs Reliance Industries to drill more wells
- Calcutta High Court rejects international arbitration plea for TCG
- RIL’s plea for consent order in ‘insider trading’ case rejected More…
In the 23 January 2013 edition of newspaper “Dienas Bizness”, Nauris Grigals, Attorney at Law of TARK GRUNTE SUTKIENE elaborated on the expansion of functions of notary public.
He points out that the allocation of additional features to notaries may be considered only if the efficiency and quality of those functions are ensured and/or other institutions are relieved from their workload. The attorney is convinced that such an extension cannot become an ultimate goal.
The attorney believes that notaries could be given the power to issue directly enforceable deeds in certain categories of cases, for example, the undisputed compulsory execution cases (in particular liabilities which are based on a notary deed) and family law (in matters of alimentation recovery based on the minimum amount of maintenance set by the state).
Clark Wilson LLP client Square One Insurance Services Inc. was featured in a Globe and Mail case study on January 25, 2013. The article highlights Square One’s success in shifting from direct mail marketing to more cost-effective online channels. Their website and online quote application system, which have been nominated for an Insurance-Canada.ca technology award, resulted in a significant reduction in acquisition cost per insurance policy, as well as savings in labour. The company plans to expand its market to serve customers across Canada.
2013 edition of the World Trademark Review (WTR 1000) – The World’s Leading Trademark Professionals, features TARK GRUNTE SUTKIENE partner Toomas Taube as one of Estonian leading practitioner in the trademark area.
WTR 1000 edition marks that IP department head Toomas Taube is a ‘sophisticated litigator who is extremely well versed and experienced in trademark infringement scenarios’.
According to the edition, TARK GRUNTE SUTKIENE IP team’s ‘superb client service and in-depth understanding of trademark matters are its chief attractions.’
February 1st is an important annual OSHA Injury and Illness Recordkeeping deadline for all U.S. employers, except for those with only ten or fewer employees or who operate in enumerated low hazard industries such as retail, service, finance, insurance or real estate (see the exempted industries at Appendix A to Subpart B of Part 1904). Specifically, by February 1st every year, employers are required by OSHA’s Recordkeeping regulations to: