MOSCOW, May 24 - RAPSI. The Moscow Commercial Court has approved a settlement between Bork, a European home appliance producer and Tehnosila, one of Russia's largest retail chains, over the recovery of compensation for the infringement of trademark rights, the court told the Russian Legal Information Agency.

In June 2011, B.O.R.K. Elektronik GmbH filed a complaint of brand infringement against ServiceTrade, Tehnosila's operating company. The plaintiff sought to prohibit the defendant from using branding and trademarks which look confusingly similar with Bork's and asked to remove HANSA air fresheners from sale. Bork also claimed 5 million rubles ($159,335) in compensation.

The court approved the settlement and closed proceedings.

The plaintiff believes that the branding of HANSA air fresheners distributed by ServiceTrade looks too similar to that of Bork's products.

BORK is a well-known home appliance trademark popular on the Russian market.

Tehnosila is a leading retail chain selling electronic and household appliances. The company was founded in 1993 and is based in Moscow. Tehnosila comprises 100 stores in 60 cities. The company operates in seven federal districts of Russia. In 2010, its turnover amounted to $850 million.