In this month’s report, we review Judge Hacon’s decision in Wirex Ltd v Cryptocarbon Global Ltd & Ots; Cryptocarbon Global & Ots v Wirex (Gibraltar) Ltd & Ots ([2021] EWHC 617 (IPEC)) regarding the validity of a trade mark characterised as a neologism in an infringement action. We also look at the High Court decision in Swatch AG v Apple Inc ([2021] EWHC 719 (Ch)) on whether the potential for parodic use of a mark could render a registration invalid on grounds of bad faith.