GAIN Capital Holdings has received approval from the High Court of Zurich and the Swiss Federal Office of Justice (FOJ) to proceed with judicial assistance in their ongoing legal battle with OANDA Corporation. This development marks a significant step in GAIN’s defense against a patent infringement lawsuit brought by OANDA.

On June 17, 2025, GAIN submitted a formal update to the New Jersey District Court, confirming that Swiss authorities have approved the company’s Letter of Request to depose Dr. Richard Olsen, one of the listed inventors of the patents at the center of the dispute.

GAIN Capital Wins Swiss Court Approval in OANDA Patent Dispute

Also, OANDA filed a lawsuit accusing GAIN of infringing two U.S. patents related to systems and methods for trading currencies over a computer network. GAIN is now seeking testimony and evidence from Dr. Olsen to support its arguments for patent invalidity and unenforceability. In addition, the testimony aims to challenge OANDA’s claims for monetary damages.

The approval by the Swiss court allows GAIN to proceed with a key component of its legal strategy — gathering first-hand evidence from a pivotal figure in the patents’ development. Dr. Olsen is expected to provide insight into the invention process and the technical foundations of the asserted patents, which could prove critical in assessing their validity.

Also, GAIN is currently coordinating with OANDA’s legal team to schedule the deposition of Dr. Olsen at the earliest opportunity, ensuring compliance with procedural timelines and minimizing delays in the litigation process.

So, this cross-border judicial assistance underscores the complexity and global nature of intellectual property disputes in the fintech industry. As the case progresses, the deposition of Dr. Olsen may play a decisive role in shaping the outcome of the trial and the broader implications for patent enforcement in the digital trading space.

Also, stay updated with the Latest Broker News.