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A
spokesperson for Bacardi told us that, at this time, the company is not
commenting beyond the statement it issued on the matter. In their statement,
Bacardi notes that the government's move "to resurrect this dead
registration" has left the company "shocked and very concerned by this
unprecedented action". Contending that it has "reversed long-standing
US and international public policy and law that protects against the
recognition or acceptance of confiscatory actions of foreign governments",
the company adds that it "has and will continue to pursue all the
necessary legal actions to defend its position surrounding the legitimacy of
Bacardi's rights and ownership of HAVANA CLUB".
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For
now, there are two certainties. First, that the legal battle over the Havana
Club brand is far from over. Second, that the stakes are high. As FitzSimons
concludes: "The US rum market is 40% of the worldwide rum market so there
is a huge opportunity that we haven't been able to exploit to date. If that
market does open up, we will be very excited about it. Havana Club is the third
biggest rum brand and the number one Cuban rum in the world and it has achieved
that without access to that market. So there is a lot of potential there."
Read
More at http://www.worldtrademarkreview.com/Blog/detail.aspx?g=5260ecb5-7678-4324-98e9-30d4bb57dfcc