On 7 March 2022, a letter of demand was sent to the First Respondent by attorneys representing the First and Second Applicants by registered mail. This letter, inter alia, objected to the similarity between the First Respondent’s name and the MONEYSHOP trademark, alleging non-compliance with the Companies Act, and informing the First Respondent of the Applicants’ intention to approach this Tribunal for appropriate relief. The First Respondent did not reply to this letter of demand.