Marbridge Daily

<- March 05, 2012 ->

Proview: Fubon Dispute to Have No Impact on Apple Case

The Beijing News, 3/05/12

Xie Xianghui, attorney for Proview International Holdings' (0334.HK) Shenzhen-based display device manufacturer subsidiary Proview Technology, has confirmed that there is indeed an ongoing financial dispute between Proview Technology and Taiwan-based insurance company Fubon Insurance, but that it will not have any impact on the trademark dispute between Proview and Apple. The second hearing of the trademark trial has already convened. According to legal procedure, the Guangdong Province Higher People's Court must reach a verdict within three months (with the exception of especially complex cases). Arbitration negotiations between Apple and Proview are ongoing. Because compensation from Apple would be sufficient to clear all of Proview's debts, the court will not declare Proview's bankruptcy at this time.

Editor's Note: For more background on this topic, please see "Proview Requests Court Expedite Bankruptcy Ruling" MD 3/02/12 issue, and "Shenzhen Court Yet to Reach Verdict on iPad Case" MD 3/01/12 issue.

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