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    注册商标不使用的正当理由——要达到想用而不能用的标准
    2022-11-28

    近年来,随着我国商标申请量逐年攀升,商标注册难度不断加大,当然市场上也存在大量“闲置”商标,随之连续三年不使用注册商标的撤销案件日益频发。

    《商标法》第四十九条第二款规定:

    “注册商标成为其核定使用的商品的通用名称或者没有正当理由连续三年不使用的,任何单位或者个人可以向商标局申请撤销该注册商标。”

    一般情况下在撤三申请之前会重点关注商标注册人是否在近三年对注册商标进行真实有效的商业使用,而“正当理由”这一例外情形,需依据商标注册人具体情况而定,难以通过前期互联网查询等方式了解。

    何种情况才属于连续三年不使用的“正当理由”呢?

    《商标法实施条例》第六十七条规定:

    “下列情形属于商标法第四十九条规定的正当理由:(一)不可抗力;(二)政府政策性限制;(三)破产清算;(四)其他不可归责于商标注册人的正当事由。”

    最高人民法院2010《关于审理商标授权确权行政案件若干问题的意见》第二十条第三款规定:

    “如果商标权人因不可抗力、政策性限制、破产清算等客观事由,未能实际使用注册商标或者停止使用,或者商标权人有真实使用商标的意图,并且有实际使用的必要准备,但因其他客观事由尚未实际使用注册商标的,均可认定有正当理由。”

    Filed under:
    China, Insolvency & Restructuring, Trademarks, Kangxin Partners PC, Bankruptcy
    Location:
    China
    Firm:
    Kangxin Partners PC
    FTX Contagion - BlockFi Follows FTX and Others Into Bankruptcy
    2022-11-29

    BlockFi Inc. and eight of its affiliates followed the paths of crypto platforms Voyager, Celsius and FTX by filing for bankruptcy protection. The case, commenced in the District of New Jersey, on November 28, 2022, is off to a fast start. BlockFi filed a plan of reorganization on the first day of its case. The plan proposes a standalone restructuring but allows the company to toggle to a sale of all or substantially all of the company’s assets. The company had its first day hearing in New Jersey on November 29th and expressed an interest in exiting bankruptcy expeditiously.

    Filed under:
    USA, Insolvency & Restructuring, Crowell & Moring LLP, Bankruptcy, Cryptocurrency
    Authors:
    Frederick (Rick) Hyman , Richard J. Lee
    Location:
    USA
    Firm:
    Crowell & Moring LLP
    Zero Degrees Celsius: The Effects of a "Crypto Winter" and Celsius’ Bankruptcy on Crypto Customers
    2022-11-28

    Part 1 – Celsius Bankruptcy

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Sullivan & Worcester LLP, Bankruptcy, Bitcoin, Cryptocurrency, Non-fungible tokens, Uniform Commercial Code (USA)
    Authors:
    Alexander D. Fung , Ryan M. Rosenblatt , Amy A. Zuccarello
    Location:
    USA
    Firm:
    Sullivan & Worcester LLP
    New insolvency laws: A second chance for entrepreneurs
    2022-11-22

    It is often said that failure is an essential step of learning. Business failure is an inherent process of economic activity so much so that it is estimated that some 200,000 firms in the European Union go bankrupt annually in the European Union. Around half of new operations fail to get through the first five years, and bankruptcies usually account for 15% of such failures.

    Filed under:
    European Union, Malta, Company & Commercial, Insolvency & Restructuring, WH Partners, Bankruptcy, Insolvency, European Council
    Authors:
    Davinia Cutajar
    Location:
    European Union, Malta
    Firm:
    WH Partners
    Crypto Commingling: Celsius Examiner files Initial Report
    2022-11-22

    Shoba Pillay, the Examiner appointed in Celsius’ bankruptcy cases, filed her interim report on November 19, 2022. The Celsius Examiner’s report provides some important insight into a crypto-exchange’s operational and risk management failures which may provide investors and creditors some insight into what to expect in FTX.

    Filed under:
    USA, Banking, Insolvency & Restructuring, IT & Data Protection, Crowell & Moring LLP, Bankruptcy, Cryptocurrency
    Authors:
    Frederick (Rick) Hyman , Richard J. Lee
    Location:
    USA
    Firm:
    Crowell & Moring LLP
    Court of Appeal summaries (November 14, 2022 - November 18, 2022)
    2022-11-19

    Following are this week’s summaries of the Court of Appeal for Ontario for the week of November 14, 2022.

    Filed under:
    Canada, USA, Ontario, Banking, Capital Markets, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Litigation, Real Estate, White Collar Crime, Blaney McMurtry LLP, Bankruptcy, Power of attorney, Financial Crimes Enforcement Network (USA), British Columbia Supreme Court
    Authors:
    John Polyzogopoulos
    Location:
    Canada, USA
    Firm:
    Blaney McMurtry LLP
    How to Handle Bankruptcy Amid Record Levels of Debt in the Farm Industry
    2022-11-17

    The farming and agricultural industry has been dealing with financial challenges even before the pandemic. Those who were in financial jeopardy before the shutdown are forced to rely on taking on even more debt now just to survive. Currently, the sum of debt across the farming sector amounts to a staggering $496 billion according to the USDA.

    Filed under:
    USA, Agriculture, Insolvency & Restructuring, Foster Swift Collins & Smith PC, Bankruptcy, US Department of Agriculture
    Authors:
    Scott A. Chernich
    Location:
    USA
    Firm:
    Foster Swift Collins & Smith PC
    Rethinking Bankruptcy: The Importance of Focusing on Technology
    2022-11-17

    Bankruptcy is a formal process geared toward preserving stakeholder value. Often, the proceedings include negotiations between stakeholders that are arduous, time-consuming and expensive. Positioning the company for healthy and sustainable growth is often viewed as a postemergence priority, as companies naturally prioritize the near-term financial realities threatening their very survival. 

    Filed under:
    USA, Banking, Insolvency & Restructuring, FTI Consulting Inc, Bankruptcy
    Location:
    USA
    Firm:
    FTI Consulting Inc
    What should customers expect from the FTX bankruptcy? Lessons learned from MF Global and similar cases
    2022-11-16

    How did we get here?

    The crypto markets were rocked again last week by the collapse and bankruptcy of FTX and Alameda Research. Within a few short days, Sam Bankman-Fried (SBF) and his companies went from a stabilizing force for markets and acting as an industry leader to causing one of the greatest disruptions in digital asset market history.

    Filed under:
    USA, Derivatives, Insolvency & Restructuring, DLA Piper, Bankruptcy, Cryptocurrency, US Department of Justice, Commodity Futures Trading Commission (USA)
    Authors:
    Noah Schottenstein , Rachel Ehrlich Albanese , Eric Forni , Deborah R. Meshulam , Stuart Brown , Dennis O'Donnell
    Location:
    USA
    Firm:
    DLA Piper
    FTX joins growing list of high-profile and intertwined crypto-related chapter 11 filings
    2022-11-16

    Crypto investors were dealt another blow on November 11 when FTX, the world’s second-largest cryptocurrency exchange, filed for chapter 11 bankruptcy relief in the District of Delaware, along with more than 130 related companies and affiliates. The bankruptcy was spawned by liquidity issues brought on by the sudden collapse in value of FTX’s crypto assets. Starting on November 6, customers simultaneously attempted to withdraw their funds and assets from the exchange, causing a situation akin to a classic bank run that led to an estimated $32 billion in value quickly evaporating.

    Filed under:
    USA, Banking, Insolvency & Restructuring, IT & Data Protection, Thompson Hine LLP, Bankruptcy, Cryptocurrency, US Securities and Exchange Commission
    Authors:
    Sean A. Gordon , Alexander Andrews
    Location:
    USA
    Firm:
    Thompson Hine LLP

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