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Your email address will not be published.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 *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

New Business Development Manager Nordic

Concha Y Toro
Stockholm, Sweden

Experienced Administrator

The Drinks Business
Central London, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more