BNP Paribas and BinckBank go to court over turbo charges
BNP Paribas is asking a Dutch court to prevent BinckBank from using the term “turbo” to market structured products, claiming it inherited the trademark when it acquired RBS’s multi-billion-pound structured product portfolio
BNP Paribas has asked a Dutch court to stop BinckBank from using the "turbo" moniker to market structured products in the Netherlands, according to several sources. A ruling on the matter is expected on September 9, says one of the sources.
Amsterdam-based BinckBank began issuing structured products in the Netherlands under the name Binck turbos on July 3. BNP Paribas is claiming in court documents that "Turbo" is a trademarked term the bank inherited when it acquired Royal Bank of Scotland's
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