wins with MasterCard in Saudi Arabia

Aug 14, 2018 4:27 PM|

The company has won a dispute with MasterCard in which MasterCard filed an opposition against the registration of the word-graphic trademark containing the word CONOTOXIA and two interlocking circles with the Euro and Dollar symbols in each of them.

In July this year the Saudi Ministry of Commerce and Investments dismissed the opposition of MasterCard, accepting that MasterCard groundlessly stated that the filed’s trademark is similar to the MasterCard trademarks containing two overlapping circles and the word element “CIRRUS”, and which could thus mislead potential customers. This decision is not yet legally final as MasterCard may appeal against it within 30 days of the day of services of the judgment.

What is important is that it is yet another success for in disputes with MasterCard. Just this year alone the European Union Intellectual Property Office (EUIPO) in Alicante in Spain has issued 12 decisions favorable for, which decisions rejected MasterCard’s oppositions against registration of the trademarks in the European Union. The case won in Saudi Arabia is the first victory for over MasterCard outside of the European Union.”

Professor Ewa Skrzydło-Tefelska from the law firm Sołtysiński Kawecki & Szlęzak in Warsaw, the attorney for, explains: “It is a further victory for the company in the dispute with MasterCard regarding the registration of trademarks. Within the next few months we should see decisions in further disputes over trademarks belonging to initiated by MasterCard in Arab countries”.

Aug 14, 2018 4:27 PM|

See also:

Aug 10, 2018 12:13 PM

Conotoxia obtains a license for New Jersey

Aug 9, 2018 2:11 PM supports more credit and debit cards

Aug 2, 2018 11:35 AM

ILS and AED - new currencies available at

Jul 23, 2018 12:08 PM enables a payment card service

Jun 21, 2018 9:40 AM ranked 11th on the List 500 by Rzeczpospolita

Jun 6, 2018 10:16 AM launches Conotoxia AI app - currency voice assistant

Attractive exchange rates of 27 currencies