A B.C. billionaire bought up Hudson's Bay leases. Her plans to rename them New Bay comes with legal risk

Open this photo in gallery: A billionaire mall owner’s deal to buy more than a dozen of The Bay’s leases did not include rights to its brands or trademarks.Isabella Falsetti/The Globe and Mail A billionaire B.C. mall owner who is seeking to acquire up to 28 Hudson's Bay store leases is likely to run into trademark issues if she moves forward with a plan to launch department stores called "New Bay," experts say. Weihong Liu, chairwoman of Nanaimo, B.C.-based real estate investment company Central Walk, struck a deal with Hudson's Bay Co. last month to acquire the leases through an…