Acting on behalf of firm client CD Land Contact LLC, Russia's Intellectual Capital law firm has initiated bankruptcy proceedings against Fortes LLC.
According to Intellectual Capital, Fortes illegally sold products in its Red Cube chain of stores using the image of a character owned by CD Land Contact LLC. According to the firm, “CD Land Contact LLC, a company that manages copyright and related rights, and also holds a license to use the work of fine art Homunculus loxodontus, known in Russia as ZHDUN.”
Intellectual Capital reported that a dispute ensued last year over Fortes’s illegal use of ZHDUN’s IP and that a court in Russia decided in favor of CD Land Contact and ordered Fortes to pay RUB 5 million in damages. The execution of that decision, the firm reported, became impossible due to Fortes’s insolvency, and as a result, Intellectual Capital initiated the bankruptcy procedure for Fortes LLC.
Intellectual Capital's team was led by Lawyer Emma Kalamkaryan.