May 13 (Renewables Now) - Danish offshore wind major Ørsted A/S (CPH:ORSTED) can continue to use its current name after winning a legal dispute with descendants of scientist Hans Christian Ørsted.
In early October 2017, Ørsted, then known as Dong Energy, announced a decision to change its name after fully exiting the upstream oil and gas business. The new name references the Danish scientist who spearheaded the discovery of electromagnetism in 1820.
Seven bearers of the Ørsted name, however, sued the offshore wind major, claiming that the firm is in breach of the Danish companies act.
Last week, the Copenhagen Maritime and Commercial Court ruled that the company indeed has the right to use its current name.