European Union – Trade marks. The General Court of the European Union dismissed the action brought by The Smiley Company SPRL against a decision of the First Board of Appeal of the Office for Harmonisation in the Internal Market (Trade Marks and Designs), relating to opposition proceedings between The Swatch Group Management Services AG (the Swatch Group) and The Smiley Company SPRL concerning the application by the latter company for registration of the word sign 'HAPPY TIME' as a Community trade mark.