Posted by Stephen Welfare, Partner
Many of us in these difficult times are working from home and conducting business through our computer screen. This business will often involve the creation, variation, and termination of contracts and many other transactions besides, often of considerable importance and value. I was recently asked whether ‘electronic signatures’ have the same legal effect as traditional ‘wet signatures’?
The last few weeks have been eventful for America’s biggest tech firm, Apple. Whilst CEO Tim Cook’s been forced to testify to the US Congress in a steadily building antitrust case, as well as facing one in the EU, the company saw its value double to $2tn over the last two years.
Yet despite all of this, the story that has really got people talking involves a computer game, 350 million players, and an app store.
The AGM season traditionally kicks off in April, but the coronavirus outbreak has caused havoc with these annual events as countries restricted travel and banned mass gatherings. As a result, a number of large companies, including well-known high street names, have held their AGMs behind closed doors with shareholders being unable to attend or provide real-time questioning.
Despite the ongoing challenges faced by UK businesses, as lockdown measures ease and businesses start to re-open and adjust to a new way of working, directors across all sectors will be looking ahead and need to maintain a ‘hands on’ approach to considering, implementing and communicating key decisions.
On 27 May 2020, the World Intellectual Property Organization (WIPO) launched a new global online service that provides tamper-proof evidence of the existence at a point in time of any digital file, including data sets, in any format.
Sunday 26 April marks World IP Day. Rather appropriately, coming only several days after the 50th anniversary of Earth Day, this year’s theme is ‘Innovate for a Green Future’.
As the impact of the Coronavirus sees no sign of stopping, there will inevitably be an effect on the world of intellectual property. As with countless other businesses and organisations, the IP offices throughout Europe and the rest of the world are adapting their procedures to deal with the current situation.
Over the last few months, the world has changed dramatically. The International Monetary Fund, published its World Economic Outlook on 14 April 2020, which projects global growth in 2020 to fall to -3% as a result of Covid-19.
If your business is being disrupted by the coronavirus outbreak, it is important you review your commercial contracts.
The Government’s Coronavirus Business Interruption Loan Scheme (CBILS) is intended to provide loans, overdrafts, invoice finance and asset finance to smaller business affected by the Coronavirus, but will it go far enough?