17:29 29.09.2016

Oschadbank wins counterclaim filed by Sberbank's subsidiary over Sberbank trademark

2 min read
Oschadbank wins counterclaim filed by Sberbank's subsidiary over Sberbank trademark

Kyiv's business court of appeals on September 21 decided against early termination of the certification of a subsidiary of Russia's Sberbank in Ukraine – public joint-stock company Sberbank – for the Sberbank trademark, Oschadbank has said in a press release.

"Oschadbank won the lower and appeal instances under one of the claims of Sberbank of Russia. It is related to the early termination of the certificate for the trademark. Thus, the decision of the court of lower instance took effect and Sberbank of Russia is not permitted to early terminate the certificate for the Sberbank trademark," the bank said.

During the court hearing representatives of Sberbank tried to convince judges that evidence presented by Oschadbank is not acceptable, and the use of the trademark was unfair. However, Oschadbank presented evidences confirming the use of the trademark in advertisement, commercial documents and Internet, and the appeal court backed the position of Oschadbank.

At present, several case regarding mutual claims of the subsidiary of Russia's Sberbank and Oschadbank regarding the trademark are being heard in business courts.

According to the report, the case under another claim of Sberbank against Oschadbank is being heard in the appeal court. On August 10, 216, the business court of Kyiv declared invalid the certificate for the Sberbank trademark, the holder of which is Oschadbank. The decision has not yet taken effect. The bank appealed the decision.

The press service of the subsidiary of Russia's Sberbank in Ukraine told Interfax-Ukraine that the bank intends to appeal the decision.

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