Politics Law Society 

OLG Köln on standards for advertisements featuring “Testsieger”

OLG Köln on standards for advertisements featuring “Testsieger” Anyone promoting products or services using the accolade “Testsieger” (test winner) must also provide a source reference for the test. Important information is otherwise being withheld from consumers according to the Oberlandesgericht (OLG) Köln – the Higher Regional Court of Cologne. The use of test results in product advertising is popular due to the considerable influence test certifications can have on consumers” purchasing decisions. This is particularly true of tests conducted by prestigious bodies or organizations. That is why the legislature has…

Mehr...
Politics Law Society 

OLG Frankfurt on indication of origin for sparkling wine from Italy

OLG Frankfurt on indication of origin for sparkling wine from Italy Sparkling wine whose second fermentation phase occurs in Spain can still be advertised as a product that comes from Italy. That was the verdict of the Oberlandesgericht (OLG) Frankfurt – the Higher Regional Court of Frankfurt – in a ruling from September 11, 2020 (Az.: 6 W 95/20). A sparkling wine can be designated as an Italian product if the grapes were harvested and made into wine in Italy, even if the second phase of fermentation and the associated…

Mehr...
Politics Law Society 

OLG München: Golden color not protected as trademark acquired through use

OLG München: Golden color not protected as trademark acquired through use The golden color of a chocolate Easter bunny is not protected as a color mark. The Oberlandesgericht (OLG) München – the Higher Regional Court of Munich – found that the producer in question did not enjoy any trademark rights in relation to the color. In the weeks leading up to Easter, supermarket shelves are stacked with chocolate bunnies. One producer has been packaging its chocolate bunnies in a gold-colored foil for many years. We at the commercial law firm…

Mehr...
Politics Law Society 

How Optimization Variables form Maximization

In global competition, the interests play a very important role so that the calculation of profit, loss and return becomes an increasingly sensitive consideration. Kunto Wibowo AP has analyzed optimization variables to form the maximization in relation to the level of maximum achievement. His book ” Geostrategy And Strategic Environment. Optimization Variables Form Maximization” was published in August 2020 at GRIN Publishing. The level of productivity produces maximum benefits to provide maximum usefulness. To prove the maximum is not something that produces maximum performance. Instead, the optimal is what will…

Mehr...
Politics Law Society 

Rocket Internet delists its shares – Shareholders facing huge losses

Rocket Internet delists its shares – Shareholders facing huge losses Rocket Internet has decided to delist its shares, with the shareholders having approved the buyback offer at the extraordinary general meeting held on September 24, 2020. The move came as little surprise following repeated speculation surrounding Rocket Internet”s delisting. It is expected to be effected by as early as November after around 81 percent of the shareholders approved the buyback offer, a result that was to be expected given that the founder and CEO of the company owns a large…

Mehr...
Politics Law Society 

Wirecard AG – Investigations on suspicion of market manipulation

Wirecard AG – Investigations on suspicion of market manipulation The Munich Public Prosecutor”s Office has conducted a search of Wirecard”s head office in Aschheim near Munich on suspicion of market manipulation. The raid that took place at Wirecard”s head office on June 5, 2020 appears to have been in response to a criminal charge lodged by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) – Germany”s Federal Financial Supervisory Authority – concerning ad-hoc announcements made by the company on March 12 and April 22 of this year. When considered in connection with a…

Mehr...
Politics Law Society 

Wirecard AG files for insolvency – Options available to investors

Wirecard AG files for insolvency – Options available to investors The accounting scandal facing Wirecard AG has ended in insolvency for now. Those who invested in Wirecard stocks and bonds find themselves faced with the question of whether they can claim damages. The writing was clearly on the wall when Wirecard AG failed once again to present its annual and consolidated financial statements for 2019, with the auditors refusing to issue an audit opinion and the company shortly thereafter announcing that 1.9 billion euros supposedly held in escrow accounts in…

Mehr...
Politics Law Society 

Scale of Wirecard AG accounting scandal grows

Scale of Wirecard AG accounting scandal grows The scale of the accounting scandal besetting Wirecard AG continues to grow. Wirecard”s running assumption is that 1.9 billion euros supposedly held in escrow accounts likely never existed. The company has experienced a dramatic drop in the value of its shares. Wirecard AG has been the subject of criticism due to accounting irregularities for some time now. Seeking to dispel doubts, the payment services provider had planned on presenting its annual and consolidated financial statements on June 18, 2020 following multiple delays. Yet…

Mehr...
Politics Law Society 

How Plastic Packaging Can Foster a Circular Economy

Today, life without plastic seems next to impossible. The plastic industry can be found anywhere but is especially important in Europe. On the other hand, plastics are causing harm to the environment. In her book ” Sustainability in the EU – The Sustainable Management of Plastic Packaging in a Circular Economy“, Prabalta Rijal examines the EU”s policy on reducing plastic packaging and its contribution to the EU”s pursuit for a circular economy. Over the past five decades, the requirement and use of plastic packaging in European nations have grown significantly.…

Mehr...
Politics Law Society 

How colonialism still affects the African culture

Colonialism still influences the African peoples” lives today, which is also reflected in African literature. A prominent example is the Ghanaian author Ama Ata Aidoo. Najwa Bouyarmane analyses in ” Ama Ata Aidoo”s ‘No Sweetness Here and Other Stories’” some of Aidoo”s short stories and explains how colonialism and the post-colonial impact shape the African peoples” lives, their behaviour and traditions. Her book was published in July 2020 by GRIN Publishing. Ama Ata Aidoo”s short story collection belongs to the postcolonial era. Aidoo devotes her works to the African people…

Mehr...