To Import POP Drink: MOC Grants Trademark to Liberian-owned Business

first_imgThe long-standing controversy over who is the legitimate holder of the trademark (brand name) to import POP Drink Juice on the Liberian Market has ended. In keeping with the Industrial Property Law of the country, the Ministry of Commerce and Industry (MoCI), has granted BAF Trading Corporation, a Liberian-owned Business, the rights to be the sole importer of the POP beverages.In a letter addressed to BIVAC-Liberia dated October 31, 2014, Commerce Minister Axel Addy temporarily suspended the importation of POP Drink on the Liberian market due to a controversy that existed between a Lebanese business, H.K. Enterprise, Inc., and a Liberian business, BAF Trading Corporation over POP Drinks Trademark Rights.According to Minister Addy’s communication, effective January 1, 2015, BAF Trading Corporation, the original holder of the trademark has been authorized to commence importation of the product into the country.BAFTC applied to the Liberia Industrial Property Office (LIPO) for trademark rights to import POP Drink to the market and its request was granted by LIPO, thus giving BAF legal authority in accordance with the Industrial Property Law for a period of 10 years.Three years after giving BAF the legal rights over the trademark, LIPO awarded similar rights to a Lebanese company, H.K. Enterprise located at Red-light for a period of one year.The reported double TM rights sparked a serious controversy, “because the right given to H.K. Enterprise had no legal ground and or basis in keeping with the law controlling.”The controversy prompted a whistleblower to write an official complaint to the Liberia Anti-Corruption Commission (LACC) requesting the Commission to investigate the circumstances that led to the manner in which BAF Trading Corporation was allegedly arm twisted and their right to the trademark revoked and unlawfully given to H.K. Enterprise.In the mind of the whistleblower, the process was marred by “corruption” and needed to be flagged.However, the latest intervention by the Minister of Commerce to restore the right of BAF Trading Corporation as the holder of the trademark, has signaled the Ministry’s respect for the rule of law, and by extension, has created a safe and conducive environment for doing business in Liberia especially at a time Liberians are actively venturing into business activities that will eventually enhance their capacity to take hold of and control the economy.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Blow for Arsenal and Liverpool? Monaco to land £10m striker

first_imgStephan El Shaarawy, linked to Arsenal and Liverpool, will sign for Monaco permanently at the end of the season.The Italy international joined the French club on loan in the summer from AC Milan after growing restless at the Serie A side.Now, according to Tuttosport, that move is set to be made permanent at the end of the season after El Shaarawy triggered a clause in his contract.The 22-year-old has now played over 10 times for Monaco and as such they are obliged to complete a deal at the end of the season.The Ligue 1 side will reportedly pay Milan around £10m for the player. 1 Stephan El Shaarawy last_img read more