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Apple To Pay $60 Million Over iPad Trademark Dispute

Posted by samzenpus on from the money-fixes-everything dept.

tekgoblin writes "Today a Chinese court has stated Apple, Inc. has agreed to pay a Chinese company $60 Million dollars to settle their infamous iPad name dispute. In 2006 Apple purchased the Taiwanese rights to the name 'iPad' from the company Proview Electronics. In China however, the trademarked name was still owned by Proview Technologies, a Shenzhen based subsidiary of Proview Electronics. Since 2011, Proview Technologies has battled Apple in the Xicheng district court and in 2012 the Santa Clara Superior Court. Both cases are still ongoing."

5 of 120 comments (clear)

  1. The price of business in China. by CountBrass · · Score: 5, Insightful

    US companies are forbidden by law to pay bribes so they have to go about it a round about way.

    This is just the price of doing business in China.

    --
    Bad analogies are like waxing a monkey with a rainbow.
    1. Re:The price of business in China. by vlm · · Score: 4, Insightful

      US companies are forbidden by law to pay bribes so they have to go about it a round about way.

      Oh spare me. Its called hiring an onsite expediter, not all this legal foolishness. Sometimes you have to hire a whole team of expediters. All above board, income taxes paid and everything. Amazing how nothing happens over there until you "hire" an "expediter" and then magically everything works. Sometimes they're called "inspectors". There's a whole culture organized around it.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    2. Re:The price of business in China. by Nerdfest · · Score: 5, Insightful

      The US does not protect its companies? Have you seen the way copyright protections are headed? They're not for the people.

  2. Re:How ironic by MobileTatsu-NJG · · Score: 4, Insightful

    Actually... Apple paid for the name in good faith.

    --

    "I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)

  3. One China Policy or not? by Anonymous Coward · · Score: 5, Insightful

    Seems like it's "One China, except when two Chinas can charge you twice"