After more than five months of discussions, it was reported in Spain that an arbitration committee had ruled in favor of Puma in its dispute with Estudio 2000, its long-time licensee in Spain. As Puma saw it, the license was meant to expire at the beginning of this year, therefore the company started working the market from a new office in Barcelona. However, Estudio 2000 apparently had another interpretation and continued to sell its own Puma products. Puma and Estudio 2000 declined to comment on the issue this week, which appears to indicate that their lawyers are studying the arbitration committee’s recommendation. The report came from Información, a Spanish newspaper, which leaned on trade union sources to write that the arbitration committee had formally put an end to the license, but that Estudio 2000, a shoe manufacturing business in Elche, near Alicante, had walked away with a large settlement. The case has caused much unrest among footwear industry workers in Alicante, since the end of the Puma license would significantly reduce the scope of Estudio 2000’s activities.