Court session opens on bankruptcy liquidation of Proview  

唯冠被申请破产上诉案开审 IPAD商标案不推迟裁决

广东省高级法院20日下午对富邦产物保险股份有限公司申请唯冠科技(深圳)有限公司破产清算上诉一案进行公开庭审。诉讼双方主要围绕唯冠公司是否符合《中华人民共和国企业破产法》规定的破产受理条件等庭审焦点展开辩论。

Guangzhou (CNS) -- The Guangdong Provincial High Court on Wednesday afternoon heard Fubon Insurance's appeal for the bankruptcy liquidation of the current iPad trademark's owner in China – Proview Technology (Shenzhen) Co., Ltd.

It was ruled that Proview (Shenzhen) would pay over US$8.67 million to Fubon Insurance. Fubon filed the application for Proview (Shenzhen)'s bankruptcy liquidation to the Shenzhen Intermediate Court on the grounds that the latter was insolvent when the debt was due.

The Shenzhen court came down with the verdict in March 2012 that it is yet to decide whether Proview (Shenzhen) is capable of paying off for that iPad is still under Proview (Shenzhen)'s registration.

Fubon argued in the appeal that no asset assessment was provided by Proview (Shenzhen) to prove its liquidity. Proview's (Shenzhen) defense was that the intangible assets including the iPad trademark can clear off the debts.

The high court also denied the recent news that the ruling would be postponed for the iPad trademark dispute between Proview (Shenzhen) and U.S. companies Apple and IP Application Development.

Proview (Shenzhen) registered the iPad trademark at the State Administration of Industry and Commerce in January 2000, and was approved in half a year.

The tripartite trademark dispute is on its second trial at the provincial high court as well.

The high court said the verdict on the bankruptcy liquidation of Proview (Shenzhen) will be based on the relevant articles in the Enterprise Bankruptcy Law and evidences raised by the two parties, rather than determined by the result of the iPad trademark case.