The companies came to a coexistence agreement under Section 30 of the Trademark Ordinance, but the Deputy Commissioner Ms Jacqueline Bracha refused to register both marks. See here.
An appeal of the decision was rejected in February 2015 and so the opposition continued. The Applicant requested a three month period to submit counterclaims and a deadline for so doing of 23 June 2015 was established. As this time has passed, the Applicant (Biosensors Europe) are considered as having abandoned the mark.