X-Spot World Restricted, an organization owned by Huobi World change (now HTX) co-founder Leon Li, has gained an injunction in opposition to Huobi World for the latter to stop its use of the Chinese language-equivalent “Huobi” trademark in Hong Kong.

In line with a current decision with the Hong Kong Excessive Courtroom, the HTX change shall be barred from utilizing the trademark identify Huobi (火幣) and the Chinese language enterprise identify “火必,” which is “confusingly similar” to the English trademark in Hong Kong, pending a closing trial on the matter. Presiding choose Mimmie Chan J wrote:

“At this stage, I am unable to see any arguable defence to the Plaintiff’s claim of trademark infringement, and as Counsel for the Plaintiff submitted, there is no need to consider the adequacy of damages or the balance of convenience for the grant of the Injunction sought.”

Courtroom paperwork reveal that the Huobi trademark was registered in 2019 in Hong Kong. In September 2022, Huobi World was bought by co-founders Leon Li and Du Jun to About Capital Administration, an entity linked to Chinese language blockchain persona Justin Solar.

Nevertheless, in keeping with courtroom filings, the Huobi trademark was assigned, or rights totally transferred, to Leon’s X-Spot World Restricted, earlier than the September 2022 acquisition, which is “not disputed” by both social gathering. In July 2023, X-Spot World sued Huobi World in Hong Kong for trademark infringement. On the time, Huobi World stated that “it holds trademark rights in many legal jurisdictions around the world and is therefore entitled to use them freely.”

Cointelegraph beforehand reported that in Could 2023, Justin Solar revealed a collection of allegations in opposition to Wei Li, Leon Li’s brother. Within the tweet, Solar accused Wei Li of receiving tens of millions of Huobi Tokens by way of “abnormal means” at zero value and of “consistently selling off these HT tokens and cashing out.” To which Lin Li replied: “I hope Huobi can provide evidence. If it is confirmed that it is zero-cost HT was obtained through illegal means, I will personally pay 10 times the HT (amount) to Huobi company.”

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