A Singapore-based arbitration court ordered three firms led by the Chinese gaming company Shanda Game to pay compensatory damages to ChuanQi IP for using an online game's name after their software license agreement (SLA) expired Sept. 28, 2017.
The defendants also include Shanda Game's affiliate Lansha Information Technology and Korean game company Actoz Soft.
International Chamber of Commerce's International Court of Arbitration also ordered the defendants to desist from using The Legend of Mir 2's name and to return the rights to ChuanQi IP, a subsidiary of South Korean video game developer WeMade.
ChuanQi IP manages businesses concerning The Legend of Mir series.
The arbitration court will determine the exact amount of damages in later hearings.
WeMade sued the three firms to confirm the SLA's termination and invalidity and to claim compensation for damages in May 2017.
A WeMade official requested that it be informed of any person or business signed a sub-license contract regarding The Legend of Mir 2.


REPAY Stock Rises After Visa Platform Connect Collaboration
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO
OpenAI Tightens AI Safety Monitoring After Security Incidents
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Shein Targets $26B-$27B Valuation for Hong Kong IPO
SK Hynix Shares Surge on Record $28.6 Billion Buyback
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 



