No to Proview liquidation
Source: Xinhua |
April 1, 2012, Sunday
|
Print Edition
Print Edition
A COURT yesterday blocked a request to liquidate Proview Electronics, which is in dispute with Apple Inc over the use of the iPad trademark.
The Intermediate People's Court of Shenzhen rejected the request by Proview's creditor Fubon Insurance, a subsidiary of Taiwan-based Fubon Financial, on the grounds that the iPad trademark owned by Proview as a company asset might be valuable enough to pay off its debts.
"As it is too early to determine whether Proview lacks the ability to pay off its debts, the court does not accept Fubon's request to liquidate Proview," said a decision issued by the court.
Proview has been suing Apple over rights to use the iPad trademark, commonly associated with Apple's popular tablet computer.
Proview claims its Hong Kong-based parent Proview International Holdings Limited's Taipei subsidiary registered the iPad name in some countries and regions in 2000.
The Intermediate People's Court of Shenzhen rejected the request by Proview's creditor Fubon Insurance, a subsidiary of Taiwan-based Fubon Financial, on the grounds that the iPad trademark owned by Proview as a company asset might be valuable enough to pay off its debts.
"As it is too early to determine whether Proview lacks the ability to pay off its debts, the court does not accept Fubon's request to liquidate Proview," said a decision issued by the court.
Proview has been suing Apple over rights to use the iPad trademark, commonly associated with Apple's popular tablet computer.
Proview claims its Hong Kong-based parent Proview International Holdings Limited's Taipei subsidiary registered the iPad name in some countries and regions in 2000.
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