SPI Group said it achieved а decisive victory in its 15-year defense of а case against Russian state-owned Federal Treasury Enterprise Sojuzplodoimport (FKP or FTE) over the ownership of the SPI Group’s Stolichnaya trademarks in Australia.
This is the third victory for SPI Group in Australia in three years. After the victory, SPI is positioned to make a claim for the recovery of legal costs, which at present exceed $7 million.
This is а comprehensive victory for SPI Group in its long-standing defense of its trademarks in Australia. The case, which is one of the longest running Federal Court cases in Australia, has finally come to а just end.
The case was part of аn ongoing legal battle in which representatives of the Russian Federation are attempting to expropriate SPI’s trademarks through foreign courts. The claims brought оn their behalf are without merit and serve the interests of private individuals, SPI said.
This, SPI said, is yet another confirmation that SPI Group is the lawful owner of the Stolichnaya trademarks.