From Wall Street Journal:
A Chinese arbitration commission ruled in favor of a Chinese beverage maker on a trademark disagreement with joint-venture partner Groupe Danone SA, the latest legal twist in a closely watched case but one that is unlikely to end the dispute.
The Hangzhou Arbitration Commission said the period had lapsed during which Danone was eligible to file its case against Hangzhou Wahaha Group Co. The case was aimed at forcing Hangzhou-based Wahaha to honor alleged obligations to transfer ownership of the Wahaha brand to their joint ventures, a key aspect of Danone’s effort to re-establish control over the Wahaha business in China.
Paris-based Danone said in a statement it is “shocked” by the result and is studying its options. [Full Text]
