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Apple iPad trademark case settlement to pay $ 60 million to Proview

 July 2 news, Guangdong Province Higher People's Court official said, Apple and Shenzhen Proview iPad trademark case to reach a settlement, Apple paid $ 60 million to Shenzhen Proview. This case the mediation agreement entered into force on June 25.Apple on June 28 to apply to the Court of First Instance of the case, the Shenzhen Intermediate People's Court to enforce these civil mediation. The Shenzhen Intermediate People's Court today served to the State Administration for Industry and Commerce Trademark Office ruled that the book will be involved in the IPAD trademark transfer to Apple and assist in the implementation of the notice.

 It is reported that on June 25, the Guangdong Province Higher People's Court served on both sides of civil mediation, the conciliation statement came into effect. Recently, Apple has been requested by the conciliation statement to the designated account of the Guangdong High Court imported $ 60 million, and the case the Court of First Instance, the Shenzhen Intermediate People's Court on June 28 to apply for the enforcement of the civil mediation. Shenzhen Intermediate People's Court today served to the State Administration for Industry and Commerce Trademark Office ruling will be involved in the iPad trademark transfer to Apple and to assist in the implementation of the notice.

 This means that Apple in Shenzhen Proview iPad trademark ownership dispute is satisfactorily resolved.

 According to the Guangdong Provincial Higher People's Court, after a public hearing of the case on February 29 this year, the caseload collegial panel that to enable the parties to the dispute maximize the benefits of mediation is the best choice. The Proview creditors of the company has reached hundreds of people, the largest property valuation focused on the iPad value of the trademark, pre-action, involving trademarks has been a number of banks on the Waiting List closed down, the value of the trademark derogatory, will be result in creditors greater losses.

 Guangdong High Court, the High Court to meet the reasonable demands of the parties. Industry sources say that the successful mediation of the case to achieve the iPad to maximize the value of the trademark to protect the interests of creditors, creating a new path of foreign-related trademark ownership dispute settlement.