Industry experts assumed the New iPad will come to China this month after the New iPad has granted certification from China Compulsory Certification (3C) last month. Unfortunately, Apple might just have to finish off with the trademark infringement lawsuit with Proview before selling any of the New iPad in China.
I dare this is not your first time heard of Proview Technology. The company repeatedly sued Apple for using their “iPad” trademark since 2010 and sought to get 2.4 billion yuan ($380 million US) from the U.S. tech giant in order to pay off its US$400 million debts owing to eight Chinese banks. The company is still on the verge of bankruptcy, getting compensation from Apple is their only hope.
Last month, the insurance company Fubon had filed multiple requests to have the Shenzhen subsidiary of Proview liquidated without waiting for the former monitor maker to resolve its complaint against Apple. The creditor had said it did not believe Proview would win enough money from Apple to cover its debts. However, the Intermediate People’s Court of Shenzhen rejected Fubon’s request and explained:
“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.”
Worth noting, Fubon is not a powerful creditor among all other Proview’s creditors, the eight Chinese banks are still looking to collect. It’s clear that if the court ruled Proview to liquidate, then the iPad trademark battle will come an end. As Fubon failed to ask the court to liquidate Proview, the launch of the New iPad will have to postpone until June after the final ruling from the court.
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