{"id":631412,"date":"2018-03-18T04:25:49","date_gmt":"2018-03-18T04:25:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/economic-court-sequesters-al-hayat-tvs-trademarks-for-failing-to-repay-debts-to-mbc\/"},"modified":"2018-03-18T04:25:49","modified_gmt":"2018-03-18T04:25:49","slug":"economic-court-sequesters-al-hayat-tvs-trademarks-for-failing-to-repay-debts-to-mbc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/economic-court-sequesters-al-hayat-tvs-trademarks-for-failing-to-repay-debts-to-mbc\/","title":{"rendered":"Economic court sequesters Al Hayat TV\u2019s trademarks for failing to repay debts to MBC"},"content":{"rendered":"<p>An economic court issued a ruling on Thursday to sequester Al Hayat TV\u2019s trademarks due to the network failing to repay USD 6 mn of debts owed to MBC, <a href=\"http:\/\/www.almalnews.com\/Story\/369069\/61\/%D8%A7%D9%84%D8%AD%D8%AC%D8%B2-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%84%D9%82%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D8%AD%D9%8A%D8%A7%D8%A9-%D9%84%D8%B5%D8%A7%D9%84%D8%AD-mbc\">Al Mal reported<\/a>. MBC had raised a lawsuit after Al Hayat had fallen behind on its debt repayments to the Saudi network, according to the newspaper. The ruling threatens the <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/13\/falcon-groups-tawassol-acquires-al-hayat-tv\/\">EGP 1.4 bn acquisition<\/a> of Al Hayat by Tawassol for Public Relations in September, as the trademarks were a \u201ccore element\u201d of the transaction. Al Hayat\u2019s debts had surpassed EGP 1 bn over the previous few months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An economic court issued a ruling on Thursday to sequester Al Hayat TV\u2019s trademarks due to the network failing to repay USD 6 mn of debts owed to MBC, Al Mal reported. MBC had raised a lawsuit after Al Hayat had fallen behind on its debt repayments to the Saudi network, according to the newspaper. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631412","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"fa9303c2-b6bc-45a4-ba10-700469fa704b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Economic court sequesters Al Hayat TV\u2019s trademarks for failing to repay debts to MBC","related_issue":[631370],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.500daeb0-d5a2-4dd4-aa15-10f7e70eb00b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economic court sequesters Al Hayat TV\u2019s trademarks for failing to repay debts to MBC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/economic-court-sequesters-al-hayat-tvs-trademarks-for-failing-to-repay-debts-to-mbc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic court sequesters Al Hayat TV\u2019s trademarks for failing to repay debts to MBC\" \/>\n<meta property=\"og:description\" content=\"An economic court issued a ruling on Thursday to sequester Al Hayat TV\u2019s trademarks due to the network failing to repay USD 6 mn of debts owed to MBC, Al Mal reported. MBC had raised a lawsuit after Al Hayat had fallen behind on its debt repayments to the Saudi network, according to the newspaper. 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The court had issued a ruling in March sequestering the television network\u2019s trademarks due to the network failing to repay USD 6 mn in debts owed to\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631499,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/20\/mbc-moves-to-block-any-disposal-of-al-hayat-tv-trademarks\/","url_meta":{"origin":631412,"position":1},"title":"MBC moves to block any disposal of Al Hayat TV trademarks","author":"enterpriseam admin","date":"20 March 2018","format":false,"excerpt":"TV network MBC, through its Egyptian attorneys Shahid Law Firm, have already requested the nullification of any acts of disposal which could take place in connection with the trademarks of Al Hayat TV, the attorneys informed us. This comes in relation to Thursday\u2019s economic court ruling to sequester Al Hayat\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644863,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/media-production-city-stops-al-hayat-channels-broadcasting-over-debts\/","url_meta":{"origin":631412,"position":2},"title":"Media Production City stops Al Hayat channels broadcasting over debts","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"Media Production City pulls the plug on Al Hayat TV: Broadcasting of Al Hayat TV channels was halted on Monday after the Egyptian Media Production City\u2019s (EMPC) management decided to cut off services provided to the network, including electricity, due to overdue payments. The EMPC said in a statement carried\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645667,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/nilesat-resumes-broadcasting-al-hayat-tv-channels-following-debt-settlement\/","url_meta":{"origin":631412,"position":3},"title":"NileSat resumes broadcasting Al Hayat TV channels following debt settlement","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"NileSat resumed broadcasting Al Hayat TV channels yesterday after the network clear its debt to the satellite company, Al Mal reports, citing an unnamed source from Al Hayat. Al Hayat had also owed EGP 20 mn to the Egyptian Media Production City (EMPC), pushing the EMPC to cut off services\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645276,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/al-hayat-repays-egp-20-mn-debt-to-empc-broadcasting-resumes\/","url_meta":{"origin":631412,"position":4},"title":"Al Hayat repays EGP 20 mn debt to EMPC, broadcasting resumes","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"The Egyptian Media Production City (EMPC) resumed broadcasting Al Hayat TV channels yesterday after the television network\u2019s chairman Al Sayed Badawi repaid its debts to EMPC, Ahram Gate reports. EMPC had decided earlier this month to cut off services provided to the network, including electricity, due to EGP 20 mn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641128,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/falcon-groups-tawassol-acquires-al-hayat-tv\/","url_meta":{"origin":631412,"position":5},"title":"Falcon Group\u2019s Tawassol acquires Al Hayat TV","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"M&A WATCH- Tawassol for Public Relations acquired 100% of television network Al Hayat in a EGP 1.4 bn transaction, Al Mal reports. Tawassol is owned by security company Falcon Group. Al Hayat\u2019s debts surpassed EGP 1 bn during the past period, and held on to only EGP 700k out of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=631412"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631412\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631370"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631412"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631412"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}