China's Proview says in talks with creditor seeking bankruptcy

March 6 2012年 3月 6日 星期二 12:57 BJT

March 6 (Reuters) - Proview Technology (Shenzhen), embroiled in a legal battle with Apple Inc over the iPad trademark, is in talks with a Taiwan creditor that is seeking its bankruptcy, Proview's chairman and lawyer said on Tuesday.

Taiwan's Fubon Insurance, one several Proview creditors and a unit of Fubon Financial Holding Co Ltd, has applied to the courts for bankruptcy proceedings against Proview because of $8.68 million in outstanding debt, lawyers and media reports said.

If the courts accept the bankruptcy application, it could disrupt Proview's high-profile lawsuit with Apple being heard at the Guangzhou high court, which has yet to make a decision on whether Apple has infringed upon Proview's claim to the iPad trademark, lawyers and analysts said.

"We are in talks with Fubon now. We will want to protect our creditors," Proview Technology Chairman Yang Long-san told Reuters.

Proview's lawyer from Grandall Legal Group, Roger Xie, said other creditors had not made similar applications.

"The rest of the creditors understand the situation and they know Proview still has some assets, such as the iPad trademark, which could be used to pay back its loans," he said.

Proview's main creditors are Bank of China Ltd , China Minsheng Banking Corp Ltd , China Development Bank, China Guangfa Bank, Bank of Communications Co Ltd, Shanghai Pudong Development Bank Co Ltd, Hua Xia Bank Co Ltd and Shenzhen Pingan Bank.

The legal tussle between Apple, the world's most valuable company, and Proview, whose Hong Kong-listed parent Proview International Holdings Ltd is near bankrupt, has escalated in recent months, with the iPad 3 due to launch this week.

Last week, the Higher People's Court of Guangzhou heard an appeal by the U.S. company on the iPad lawsuit, although lawyers said a decision would not be reached for weeks or months.

香港商场发生围堵内地旅客事件

2月15日,香港一家商场内发生针对内地旅客的示威活动。示威者与警方发生对抗,警方使用胡椒喷雾。

中国制造业呈反弹迹象 但风险犹存

本周公布的汇丰PMI数据显示中国制造业呈改善迹象,但新出口订单分项疲弱,表明在外部需求不振的情况下,中国制造业仍面临风险。

图片

《阳歌专栏》移动数据和电影票房成春节大赢家

春节相关数据正陆续出炉,传统领域和新兴媒体表现好坏不一,明显的赢家则是新媒体,导致春节假期期间移动数据流量的使用量增长70%。传统的电影也表现出彩。  全文 

图片

《热点透视》摩根士丹利财报放马后炮 增提27亿美元法务拨备

摩根士丹利将获利砍掉27亿美元,有些马后炮的意味。摩根史丹利周三冷不防的向投资者公布诉讼和解的消息,执行长戈尔曼带领的这家银行成功地把这部分费用归到上年帐上。  全文 

图片

《RUSSELL专栏》铁矿石无法走回头路 恢复年度合同定价模式不可行

根据铁矿石巨擘力拓前高管Mal Randall的看法,铁矿石应该重新回到年度合同定价的作法。他错了。  全文 

图片

《热点透视》希腊实行资本管制虽棘手 但相比退出欧元区仍为上策

就希腊而言,实行资本管制是一个棘手的选项。对希腊的债权人来说,相较立即退出欧元区而言,资本管制肯定是一个更可取的选项。  全文