Feeds

Proview snatched from liquidators' jaws to pursue iPad fight

Fat lady hasn't sung on trademark battle with Apple

Boost IT visibility and business value

Ailing monitor biz Proview has a green light to pursue its long-running dispute with Apple over the IPAD trademark after a Shenzhen court rejected a request from one of its creditors to liquidate the company.

China Daily reported that Fubon Insurance failed in its bid to claw back some of the money it pumped into Proview Shenzhen, the company that Proview boss Yang Rongshan claims holds the rights to the tablet trademark.

It was thought that if the company was liquidated, the case against Apple may have been terminated.

“As it is too early to determine Proview lacks the ability to pay off its debts, the court does not accept Fubon's request to liquidate Proview," the court ruling stated. It is thought that Proview could be holding out for something in excess of $1bn to settle the case with Apple.

As it stands, judges at Guangdong High Court are considering the evidence after Apple appealed against a judgment last December that ruled in Proview’s favour, although they have asked both sides to reach a settlement out of court.

The stakes are pretty high for both sides, although it is Apple that has the most to lose as it would be unable to sell its shiny fondleslabs in one the world’s biggest and fastest growing markets if the judges once again rule in Proview’s favour.

Apple argued that it bought the rights to IPAD fair and square from Proview Taiwan in 2009 for the princely sum of £35,000, however Proview claims that its Shenzhen affiliate is the only company that had the legal right to sell the name for use in China.

Proview has also countered by filing a lawsuit in the US alleging it was deceived into selling the rights after Apple hid its role in the purchase by using an intermediary firm.

Given that Proview is being kept on life support by a small group of financial institutions, it is these that would end up grabbing most of the money should Proview persuade Apple to put its hands in its rather deep pockets. ®

Build a business case: developing custom apps

More from The Register

next story
Hello, police, El Reg here. Are we a bunch of terrorists now?
Do Brits risk arrest for watching beheading video nasty? We asked the fuzz
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
UK government accused of hiding TRUTH about Universal Credit fiasco
'Reset rating keeps secrets on one-dole-to-rule-them-all plan', say MPs
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
Felony charges? Harsh! Alleged Anon hackers plead guilty to misdemeanours
US judge questions harsh sentence sought by prosecutors
This'll end well: US govt says car-to-car jibber-jabber will SAVE lives
Department of Transportation starts cogs turning for another wireless comms standard
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.