Anheuser-Busch and Budejovicky Budvar have unusually reached a settlement on a Budweiser trademark dispute, this time concerning rights to the Bud name in Cyprus.

The deal will see the Czech brewer able to use its Budejovicky Budvar name and print the term 'Budweiser Budvar, National Corporation' on its back label. However, it cannot use the term 'Budweiser' on the front label of its beer bottles in Cyprus.

"We are pleased with this agreement and consider it a fair compromise," said Steve Burrows, CEO and president of Anheuser-Busch International. "The settlement eliminates the distraction of ongoing litigation in Cyprus and protects our strong trademark rights in this country by removing the prominent use of the Budweiser name from Budejovicky Budvar's front label."

A-B first registered the names Budweiser and Bud in 1980. The Cypriot dispute began in 2000 when the US brewing giant started legal action against Budejovicky Budvar.

The battle for the Budweiser trademark still rages around the world and Burrows said A-B would "continue to protect our famous trademarks from any possible infringements".