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Some encouragement for science, innovation and enterprise was detected in the budget. There is a doubling of Entrepreneurs’ Relief and an increase in tax credit for SMEs which seek to resolve technological or scientific uncertainties or make technological or scientific advancements. Although not all of James Dyson’s recommendations for encouraging innovation were adopted it is a start. Also for those concerned with the science of space exploration, investment of £100m in new research centres was announced. One additional investment caught our eye. Green Investment Bank launch capitalisation increased to £3bn in 2012. The aim of the Bank is to help investors raise money for clean energy projects. Inventors concerned with green projects which may not otherwise receive funding may gain help from the new bank. We thought there was some encouragement for innovators in this budget but will it be enough to repatriate more manufacturing to these shores as the Chancellor hopes.
As has been widely reported this week, some 3,000 UK workers are taking part in a six month trial to assess the viability of a four-day working week without any reduction in their normal pay.
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In Nissan v Passi, the High Court recently considered the issue of an employee retaining confidential documents belonging to his former employer in the context of the employer’s application for an injunction seeking the return of such documents from the employee.
The UK government is considering extending this power to depart from retained EU case law to additional lower courts and tribunals, namely the Court of Appeal in England and Wales and the High Court of Justice in England and Wales and their equivalents.
Lord Justice Arnold has applied the guidance of the Court of Justice of the European Union (CJEU) to the evidence before him, in the long standing trade mark dispute between Sky and Skykick.
Specialist IP Counsel
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