June 1, 2020
June 1, 2020 — The Quebec courts, including the Superior Court, Commercial Division, District of Montreal, declared that they were resuming their activities in progressive fashion as of Monday, June 1.
This morning, June 1, Jean-Pierre Sheppard and Lauren Flam, from our Commercial Litigation Team, attended court on behalf of a shareholder involved in a dispute within a family company. RSS obtained an order forcing the other shareholder/director to cease unilaterally declaring dividends, withdrawing funds from the company’s bank accounts and from using the company’s credit facilities.
June 1, 2020
On 27 May 2020 WIPO launched new online business service, WIPO PROOF1, that provides tamper-proof evidence of the existence at a point in time of any digital file, including data sets, in any format.
The WIPO PROOF service generates tamper-proof evidence proving that a digital file existed at a specific point in time, and that it has not been altered since that time. An evidence in this case will be a digital WIPO PROOF token which consists of a date- and time-stamped digital fingerprint of the file (or data).
May 29, 2020
links Law Offices (Llinks) announces its new office opening in Shenzhen on 25 May 2020. The new office is located at China Resources Tower in the Shenzhen Bay of Nanshan District, an innovative and dynamics area in Shenzhen.
The Shenzhen office is Llinks’ third office in Mainland China and the fifth worldwide since its establishment back in 1998. By opening its Shenzhen office, Llinks aims to further extend its dedicated presence in South China. The Shenzhen office will work closely with Llinks’ Hong Kong office and create a synergy between Shenzhen and Hong Kong. The new office will facilitate diversified development in the Greater Bay Area (GBA) by providing more convenient and efficient legal services to clients in South China. Meanwhile, as Llinks’ strategic move of its international development blueprint, the launch of its Shenzhen office will maximize Shenzhen’s strategic and innovative advantage as the centre of the GBA and an innovative city, echoing China’s “Belt and Road” initiative and strategy of development of cross-border legal market.
May 29, 2020
After more than three years of litigation and two rounds of extensive discovery, in Calendar Research LLC v. StubHub, Inc., et al., 2:17-cv-04062-SVW-SS, the United States District Court for the Central District of California dismissed almost all the remaining claims against StubHub and the other defendants. In doing so, the Court confirmed that in California, specific identifiable trade secrets are required and general industry knowledge and “know how” is insufficient for trade secret protection.
May 28, 2020
This refers to the fast track registration and conduct of clinical trials, which is valid until January 1, 2021 and is worked out for medical drugs potentially effective in the fight against COVID-191
State registration of these medical drugs is carried out by the Ministry of Health of the Russian Federation.
The applicant submits for registration an application; administrative documentation; chemical, pharmaceutical, biological documentation; pharmacological, toxicological documentation; clinical documentation.
May 28, 2020
16 May 2020 the Russian Government enacted the rules on online sales and delivery of medicines (the Rules). According to the Rules, online sales of medicines are allowed. The exceptions are: RX medicines, narcotic and psychotropic medicines, and medicines containing more than 25% ethyl alcohol.
To receive authorization for online sales a pharmacy shall have a license for at least 1 year, minimum of 10 retail stores, an Internet website or a mobile app, a delivery service, or a contract with such service provider.
May 28, 2020
An ‘estate freeze’ is a common tax planning strategy. The owner of shares of a private company can ‘freeze’ the value of his/her shares and transfer the future growth of the company to other family members. The benefit of a freeze from an income tax perspective is that the future taxation of the growth of the company can be transferred to other family members particularly children, thus limiting the tax liability of the owner on death and deferring the tax to the next generation. If the shares qualify as ‘qualified small business corporation’ shares, a freeze can enable such other family members to claim the lifetime capital gains exemption. A freeze is most commonly used to freeze the value of a company that owns a business, real estate or public securities. If the owner has already implemented a freeze, a ‘re-freeze’ at a lower value can be effected if the value of the company has dropped.
A freeze or re-freeze should be considered in a down market because it may provide the owner with the opportunity to freeze his/her shares at a lower value than would otherwise have been possible.
May 22, 2020
Insolvency of companies in Portugal – Liability of directors and managers article can be read here.