According to BlockBeats news, on December 11, the High Court of the Hong Kong Special Administrative Region made an important ruling on the intellectual property litigation between X-SPOT GLOBAL LIMITED (plaintiff) and Huobi Global Limited (defendant). The plaintiff X-SPOT GLOBAL LIMITED successfully applied for an interim injunction against the defendant to prevent the latter from using the "Huobi" or "Huobi" trademark or any confusingly similar name or logo in Hong Kong during the trial of the lawsuit. The core of the case involves the trademark rights held by the plaintiff. The Hong Kong High Court ruled that the plaintiff’s trademark rights should be protected and that the defendant’s actions constituted an infringement of the plaintiff’s trademark rights. In June 2023, X-Spot Co., Ltd. controlled by Li Lin sued Huobi Global Limited for trademark infringement in the High Court of the Hong Kong Special Administrative Region. The indictment stated that X-Spot Co., Ltd. has always retained the exclusive rights to the "Huobi" trademark, and Huobi Global Limited has been using the trademark without X-Spot's authorization. When the original shareholders transfer their shares of Huobi Global to About Capital Management, they expressly agree to retain the exclusive rights to the "Huobi" trademark and ensure that these rights will not be transferred to the buyer or Huobi. The equity transfer and asset delivery agreement between the two parties clearly stipulates that the buyer is prohibited from using the "Huobi" trademark and brand.