Hong Kong High Court rules on "Huobi Global trademark infringement" case: prohibits its use of the "Huobi" trademark during the trial

ChainCatcher news, the High Court of the Hong Kong Special Administrative Region has made an important ruling in the intellectual property lawsuit between X-SPOT GLOBAL LIMITED (plaintiff) and Huobi Global Limited (defendant). The plaintiff X-SPOT GLOBAL LIMITED successfully applied for a temporary injunction against the defendant to prevent the latter from using the "火幣" or "Huobi" trademark or any confusingly similar names or logos in Hong Kong during the litigation proceedings. The core issue of the case revolves around the trademark rights held by the plaintiff. The Hong Kong High Court ruled that the plaintiff's trademark rights should be protected, and the defendant's actions constituted an infringement of the plaintiff's trademark rights.

Previously, it was reported that X-Spot Limited, controlled by Li Lin, filed a lawsuit against Huobi Global Limited for trademark infringement in the High Court of the Hong Kong Special Administrative Region in June this year. The lawsuit stated that X-Spot Limited has always retained exclusive rights to the "火币" trademark, and Huobi Global Limited has been using the trademark without authorization from X-Spot. When the original shareholders transferred their shares in Huobi Global to About Capital Management, they explicitly agreed to retain the exclusive rights to the "火币" trademark and ensured that these rights would not be transferred to the buyer or Huobi. The equity transfer and asset delivery agreement between the parties clearly stipulated that the buyer is prohibited from using the "火币" trademark and brand.