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Arbitration ruling on the transfer of the PUMA trade marks in Spain
From a Puma press release (dated 29 June 2010) and according to Reuters, it appears that an arbitration ruling was issued further to a dispute between PUMA and Estudio 2000 SA, its former licensee in Spain. As arbitration rhymes with discretion, in both of these sources there is no element on the context of the dispute (see article published in February 2010 in Spanish here on the initiation of the arbitration procedure).
What is revealed is that the PUMA trade marks which used to be owned by Estudio 2000 should now be transferred to Puma, against the payment of 98 millions Euros to Estudio 2000.
However, Puma seems not to be ready to pay such a price for the Spanish trade marks portfolio and announced that it intends to appeal the decision.
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