Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 155

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 155
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’s products will be subject to the regulation of the Pharmacy and Poisons Ordinance.

Pyramid Schemes Prohibition Ordinance (Chapter 617 of the Laws of Hong Kong)

The Pyramid Schemes Prohibition Ordinance defines a pyramid scheme as a scheme in which: (1) new participants must provide a participation payment to a participant or promoter of the scheme; (2) the participation payment is entirely or substantially induced by the prospect that the new participant will be entitled to a recruitment payment; and (3) the recruitment payment is entirely or substantially derived from the introduction to the scheme of a further new participant.

According to section 5(2) of the Pyramid Schemes Prohibition Ordinance, it is an offence for a person to participate in a pyramid scheme where he knows or reasonably ought to know that any benefit that the person may get from participating in the scheme would be entirely or substantially derived from the introduction to the scheme of new participants, and induces or attempts to induce another person to participate in the scheme. Under section 5(1) of the Pyramid Schemes Prohibition Ordinance, A person who knowingly promotes a pyramid scheme also commits an offence. Any person who commits the offence under the ordinance may be liable to a fine of HKD1,000,000 or imprisonment for 7 years.

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Trade Marks Ordinance (Chapter 559 of the Laws of Hong Kong), or the TMO

The TMO provides for the registration of trademarks, the use of registered trademarks and connected matters. Hong Kong provides territorial protection for trademarks. Therefore, trademarks registered in other countries or regions are not automatically entitled to protection in Hong Kong. In order to enjoy protection by the laws of Hong Kong, trademarks must be registered with the Trade Marks Registry of the Intellectual Property Department under the Trade Marks Ordinance and the Trade Marks Rules (Chapter 559A of the Laws of Hong Kong).

According to section 10 of the TMO, a registered trademark is a property right acquired through due registration under such ordinance. The owner of a registered trademark is entitled to the rights provided by the ordinance.

By virtue of section 14 of the TMO, the owner of a registered trademark is conferred exclusive rights in the trademark. The rights of the owner in respect of the registered trademark come into existence from the date of the registration of the trademark. According to section 48 of such ordinance, the registration date is the filing date of the application for registration.

Subject to the exceptions in section 19 to section