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Russian Grinches go to court over Christmas
Published: 29 July, 2010, 13:36
Edited: 30 July, 2010, 05:31
TAGS: Conflict, Russia, Thrills&Spills, Finance
A Russian bank has registered the words “Christmas”, “New Year” and “holiday” as an exclusive trademark in banking services, and is now suing competitors for using them in their product offerings.
The first target of the Orient Express Bank is the Russian Capital Bank. If the first lawsuit proves successful, up to 20 Russian banks may be sued as well, reports Kommersant daily.
The bank earlier warned competitors that by offering clients products like “Christmas loan” or “Holiday deposit” they infringed its trademark right. It sought about $10,000 annually for the privilege of using the words.
Russian patent agency Rospatent said Orient Express is acting in accordance with Russian legislation. It had every reason to register the words as its property, since none has an established meaning in banking or financial industries.
The registration, which happened in 2009, may be challenged in court or in the Patent Disputes Chamber.
29.07.2010, 12:44
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29.07.2010, 18:29
9 comments
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This is idiocy and a cheap, sad attempt at easy money. This was attempted with the smiley emoticon in Russia. Some quirky buzzard wanted royalties for something he has no ownership. This is exactly the same and should end the same way with this idiotic bank losing all rights to words it has no authority over. Paris Hilton trade marked, "that's hot". What kind of nonsense people come up with? Yes, Medvedev, bring us closer to the West, I haven't had my daily dose of stupidity.