According to the news from China Daily (note: the link is in Chinese), there’s new progress in the iPad battle between Apple and Proview, and just like our past judgement, for the value of iPad trademark is impossible to estimate, the Shenzhen Intermediate People’s Court recently adjudicated the refusal on Taiwan Fubon Insurance’ s application on the bankruptcy liquidation of Shenzhen Proview.

Taiwan Fubon Insurance applied the bankruptcy liquidation to the Shenzhen Intermediate People’s Court on Shenzhen Proview who failed to clear the debt due and being insolvency. After the investigation, the court takes Shenzhen Proview as the only legal owner of iPad trademark for the mark is still registered under the name of Shenzhen Proview. Currently, Shenzhen Proview’s intangible asset are remained un-estimated with its value not determined, and thus it could not decide whether Shenzhen Proview is trapped in insolvency and enable to pay its debt; therefore the court adjudicated the refusal of Taiwan Fubon Insurance.