Chinese court freezes Castel asset in China

23rd October, 2013 by Livia Xin

A Chinese Court has decided to freeze the assets of Castel and seal its 13 registered trademarks in China following continued infringements.

castel-logo-3According to winechina.com, the Wenzhou Intermediate Court issued a report in which it showed that 100% share interest of the French company in China has been frozen until 10 October 2015. The registered trademark will be sealed until 4 September 2015.

On 16 July, the Zhejiang Provincial High Court told French wine producer Castel to stop using the Ka Si Te trademark, which is a supposed transliteration in Chinese for Castel.

At the time the company was ordered to pay RMB 33,734,546.26 (more than US$5 million) to the Shanghai Banti Wine Company and Spanish-Chinese producer Li Dao Zhi, who already own the trademark.

The court made its latest decision at the request of Li Dao Zhi and Shanghai Banti Wine Company as Castel hasn’t made compensation to Li in accordance with the judgment earlier this year.

The local media believes that if Castel China doesn’t act in accordance with the final judgment, all their trademarks and share interests in China will be sold in open auctions.

“Castel only has two choices, either to compensate Li according to the judgment, or to quit the China wine market,” said one of the lawyers.

He added that: “Castel will face a severe situation in the future about how to deal with its 11 large operators in China and a numbers of agents across the country.”

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Beer Development Specialist

Matthew Clark
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more