【東京地判令和５年３月２７日（令和４年（ワ）１８６１０号 商標権に基づく差止請求権不存在確認請求事件）】

【キーワード】

商標権、商標権侵害、実質的違法性、並行輸入、不存在確認請求、破産管財人

【事案の概要】

オンキヨーホームエンターテイメント株式会社（以下、「破産会社」又は「オンキヨー」という。）の破産管財人（以下、「本破産管財人」という場合がある。）が、パイオニア株式会（以下、「被告」という場合がある。）が保有する商標権が付され、香港にある倉庫に保有しているスピーカー等の在庫品（以下、「本件在庫商品」という。）を処分しようと、パイオニアに対し、商標権に基づく差止請求権不存在確認請求訴訟を提起した事案である。 結論としては、本破産管財人が敗訴した。このため、本破産管財人は本件在庫商品を処分（販売）することができず、破産財団の増殖を図ることができなかったと言える。

（※判旨及び本破産管財人のウェブサイトに基づき作成）

In a recent opinion, the Fifth Circuit reaffirmed and applied its holding from OGA Charters. In doing so, it blocked (via a bankruptcy adversary proceeding) one set of plaintiffs from keeping an insured’s entire policy limit, which the insurer paid as per Texas’ “first come first served” approach to time-limited policy limits demands.

Celsius’ retail borrowers finally have an answer on who owns the cryptocurrency they deposited into Celsius in exchange for a loan from Celsius – spoiler alert: on November 13, 2023 the bankruptcy court held that Celsius’ terms of service “clearly and unambiguously” gave Celsius ownership of retail borrowers’ cryptocurrency. The bankruptcy court’s decision follows its January 2023 decision which similarly held that the cryptocurrency of Celsius’ “Earn” customers also belonged to Celsius because the terms of service similarly unambiguously granted Celsius title ownership.

On November 3, 2023, the Court in the Chapter 9 bankruptcy case of the City of Chester, Pennsylvania issued its ruling in an adversary proceeding challenging the perfection of the liens securing certain revenue bonds issued by the City.¹ Confirming the municipal bond market’s longstanding understanding, the Court concluded that the liens on revenues were prope

On 28 June 2023, the Slovak Parliament approved the Act on Company Transformations No. 309/2023 Coll. (the “Act”). The Act incorporates several changes that may have an impact on the financing market in Slovakia.

1.Whitewash

Introduction

A recent Commercial Court decision has raised an intriguing question of private international law: can a foreign judgment be enforced in England and Wales if it is not enforceable in the country where it was given?

The Court of Appeal recently considered when precisely a company had given a preference within the meaning of the Insolvency Act 1986 – a question of timing which may impact on whether an insolvency practitioner can later unwind the preferential treatment for the benefit of creditors as a whole.

Here we look at what a preference is, and when it is deemed to be given.

Preferences

Any restructuring where there are multiple tiers of debt and lenders with different interests and views can be tricky. Lenders will try to anticipate these difficulties by entering into an intercreditor agreement (an ICA) setting each lender’s ranking and rights to enforce. Typically, an ICA will allow the senior lenders at least the option of taking the lead on an enforcement or a restructuring.

Over the past several years, unitranche facilities have become increasingly prevalent. This growth has been driven by the ever-growing class of private credit and direct lenders who initially developed the unitranche facility structure, along with traditional bank lenders now joining this market. The unitranche structure has several advantages, including typically quicker execution for the parties involved and in some cases a lower cost of capital to the borrower.

As discussed in our post last month, it was a long road for Arrowood Indemnity to be placed into liquidation in Delaware.