Proview Group issued an announcement on June 20 10 to assess the impact of Yang Rongshan's bankruptcy on its operating conditions, indicating that some loans of the Group were personally guaranteed by Yang Rongshan. By September of 20 10 and 16, the total secured loan was about11540,000 yuan, which was overdue by the group. The announcement also stated that the Group was in financial difficulties and did not have enough working capital to meet the demand in the next 12 months. Proview shares were suspended on August 2, 20 10.
2010165438+1October 24th, another news came out. China court completed the trial of creditor's rights of several banks that provided loans of nearly 566 million yuan to several companies of Proview International Group, made judgments and issued enforcement orders to freeze the assets of the companies concerned to pay the creditor's rights. Proview said that related assets accounted for most of the group's total assets.
Refuse to go bankrupt
On March 3, 2012, it was learned from the Shenzhen Intermediate People's Court that Fubon Product Insurance Co., Ltd. applied for bankruptcy liquidation of Proview Technology (Shenzhen) Co., Ltd. and rejected Fubon's application.
Shenzhen Intermediate People's Court introduced that Fubon Company had previously applied to Shenzhen Intermediate People's Court for bankruptcy liquidation of Proview Company on the grounds that Proview Company could not pay off its debts due and was insolvent. Proview Company objected to this, saying that it still has fixed assets and "iPad" trademark and other assets to pay off debts, and refused to enter bankruptcy liquidation procedures.
This matter caused widespread concern before. Once the court decides to accept the bankruptcy liquidation application, the "iPad" trademark lawsuit between Shenzhen Proview and American Apple will be suspended according to law, and the lawsuit can only continue after the administrator appointed by the court takes over the property of Shenzhen Proview.
Shenzhen Intermediate People's Court held through trial that the trademark "iPad" was registered under the name of Proview Company, and in the absence of judicial confirmation to the contrary, Proview Company, the respondent, was still the owner of the trademark "iPad". The trademark "iPad", one of the intangible assets under the name of Proview Company, has not been evaluated and its value has not been determined. It cannot be determined that Proview's assets are insufficient to pay off all debts or obviously lack solvency, and the application of Fubon Company is ruled not to be accepted according to law. The award is served on both parties.
The second instance of the trademark dispute between Shenzhen Proview and American Apple Company "iPad" was heard in the Guangdong Provincial High Court, but the court did not pronounce a judgment in court. Apple's next-generation "iPad" products have not been sold in Chinese mainland where trademark rights are disputed.
Apple and Proview reached a civil mediation, and Apple paid Proview $60 million to settle the trademark dispute of IPAD in Chinese mainland. Since then, the dispute over the mainland trademark of iPad, which has attracted much attention from the outside world, has ended. The Guangdong Higher People's Court stated that the mediation agreement in this case came into effect.
Apple and Shenzhen Proview began to discuss the trademark ownership of iPad in China on June 20 10. Apple sued Shenzhen Proview in Shenzhen Intermediate People's Court, demanding that it be confirmed as the exclusive owner of iPad trademark.
Apple believes that in 2009, the company purchased the trademark right of 10 from Proview in seven countries and regions, including the European Union, China and Singapore, but Proview refused to fulfill the agreement concerning trademark rights in China.
Shenzhen Intermediate People's Court held three sessions on February 23rd, August 23rd and June 5th, 20 1 18, and made a first-instance judgment on February 5th, 2010, rejecting Apple. Subsequently, Apple filed an appeal with the Guangdong Higher People's Court.
The Guangdong Higher People's Court heard the case publicly, but did not pronounce a sentence in court. Subsequently, under the auspices of the Guangdong Higher People's Court, the two sides began to accept mediation.
The latest news released by Guangdong Higher People's Court means that Apple has formally reached a settlement with Shenzhen Proview on the trademark right of iPad. This also means that Apple's new iPad will be launched in China soon.
Previously, Apple's new iPad has passed the domestic 3C certification and the domestic telecom network access license.
Guangdong Higher People's Court: # Exclusive Release # Shenzhen Intermediate People's Court today delivered a ruling and a notice of assistance in execution to the Trademark Office of the State Administration for Industry and Commerce. The mediation agreement in this case came into effect on June 25, 20 1 1. On June 28th, Apple applied to Shenzhen Intermediate People's Court, the court of first instance of this case, to enforce the above-mentioned civil mediation. Today, Shenzhen Intermediate People's Court delivered a ruling and the Notice of Assisting in the Implementation of the Transfer of the IPAD Trademark to Apple Company to the Trademark Office of the State Administration for Industry and Commerce.
insolvency liquidation
On the morning of September 19, 2065438, Guangdong Higher People's Court made a final judgment on this case, ruling that Shenzhen Intermediate People's Court accepted Fubon Insurance's application for bankruptcy liquidation of Proview Company.
The Guangdong Higher People's Court held that the trademark "IPAD" registered under the name of Proview Company, as an intangible asset of Proview Company, has corresponding economic value. Before the disposal of assets, it is still impossible to accurately determine the assets of Proview Company. During the second trial, Proview reached a settlement agreement with Apple and IP Application Development Co., Ltd. on the disposal of the above trademark rights, and Apple paid 60 million US dollars to solve the problem of "IPAD" trademark transfer to Apple. The court has gone through the transfer formalities of the trademark according to Apple's application. Accordingly, the second trial clarified the assets of Proview Company, the value of which was lower than the $280 million debt admitted in the original trial, and the fact that it was insolvent could be recognized. The court of first instance has the legal conditions to accept Fubon Insurance bankruptcy liquidation application.