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Investing.com -- Ferrari (BIT:RACE) secured a victory at the European Union’s second-highest court on Wednesday in a legal battle over its Testarossa trademark.
The EU General Court annulled a 2023 decision by the European Union’s Intellectual Property Office that had revoked Ferrari’s rights to the Testarossa brand name. The intellectual property office had previously ruled that Ferrari failed to put the trademark to "genuine use" for a continuous five-year period between 2010 and 2015.
In its ruling, the court stated that Ferrari had indeed used the trademark by giving "explicit or implied approval to dealers selling second-hand Testarossas" and through licensing the brand for scale models.
"The use of the trademark to guarantee the identity of the origin of the goods for which it was registered, when reselling second-hand goods is capable of constituting genuine use," the court said.
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