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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 20, 2025

    Featured image for article about Headlines

    KARLSRUHE, Germany (Reuters) - Birkenstock sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art and are therefore not protected by copyright, Germany's highest civil court ruled on Thursday.

    The Federal Court of Justice dismissed a lawsuit brought by the German company, which had sought to prevent competitors, such as Germany's Tchibo, from selling similar models.

    "The claims are unfounded because they (the sandals) are not copyright-protected works of applied art," presiding judge Thomas Koch said.

    Under German law, copyright protection is valid for 70 years after the creator's death, while design protection hinges on the product's lifespan and ends after 25 years.

    The legal distinction between design and art in German law lies in a product's purpose. Design serves a practical function while works of applied art require a discernible level of individual artistic creativity.

    Shoemaker and Birkenstock dynasty member Karl Birkenstock, born in 1936, is alive. However, since he crafted his initial designs in the 1970s, some sandals no longer enjoy design protection.

    As a result lawyers asked the court to classify the shoes as art.

    Konstantin Wegner, Birkenstock's lawyer, said the sandals had an "iconic design" and announced further litigation after the decision was announced. "We want to add arguments in these pending proceedings", said Wegner without elaborating.

    Once popular with hippies, tech enthusiasts and medical professionals, Birkenstock gained widespread attention after Australian actress Margot Robbie wore a pair of pink Birkenstocks in the final scene of the 2023 hit movie "Barbie".

    Founded in 1774, Birkenstock was run by the namesake family for six generations until it sold a majority stake to L Catterton, a U.S. private equity firm backed by French billionaire Bernard Arnault and his luxury goods empire LVMH.

    L Catterton remained Birkenstock's biggest shareholder after the company went public in 2023.

    (Reporting by Ursula Knapp, writing by Thomas Seythal; Editing by Sharon Singleton)

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