Ngern Tid Lor upbeat over trademark case
Ngern Tid LOR, the market leader in microfinancing and auto-title loans, expects to win its case in the Supreme Court against a company that allegedly used its trademark and logo to lure customers - resulting in many victims.
Piyasak Ukritnukun, managing director of Ngern Tid Lor, said the Supreme Court was scheduled to announce its verdict on Tuesday and the alleged violator should be punished for breaching the Trademark Act.
Ngern Tid Lor, a Bank of Ayudhya subsidiary formally known as CFG Services Company, alleged that Srisawad Power used its trademark and logo when conducting a similar business and many customers thought it was Ngern Tid Lor.
Piyasak said that had tarnished Ngern Tid Lor’s reputation. Many of Srisawad Power’s former customers have taken legal action and marched on Government House calling for government assistance after allegedly being threatened and subjected to unfair behaviour.
He said Ngern Tid Lor’s reputation had been damaged. "Thus the firm has filed this case with the court in a bid to protect our reputation and good image among our clients."
He added that people should check the credentials of companies before using them.
Ngern Tid Lor, which also sells non-life insurance, has more than 370 service offices covering 74 provinces. Its targeted clients are small enterprises, independent traders, and farmers who cannot get bank loans.
Meanwhile, the Intellectual Property Department recently called for a meeting with foreign investors from the United States, the European Union, Japan and South Korea to provide them with updated information about IP protection and violation-suppression procedures in Thailand.
Nuntawan Sakuntanaga, director-general of the department, said the meeting aimed to increase the confidence of foreign investors concerning IP protection.
She said that with the closer cooperation of government agencies, there had been a good response from foreign investors to the government’s move to increase IP protection and continue to suppress violators.
The department reported 5,913 cases of IP infringements in the first eight months of this year and the seizure of 2.91 million illegal goods. The number of cases was down by 17.4 per cent on the same period last year, while the number of seizures rose 184.7 per cent.
