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Page 1 of 4 Archive - April 2012

The $5 billion IP law firm

The Global IP Law Group has just had a very good fortnight in what has generally been a very good three years since it was formed in 2009. On 18th April, a US Bankruptcy Court in New York approved the firm’s February retention by the committee representing unsecured Kodak creditors. Global IP advises them on the patent sale process, as well as other IP issues, in the company’s bankruptcy process. Then this past Friday it was announced that the firm had acted for Aware in ...

Posted by Joff Wild, IAM Magazine on 29 April 2012 @ 12:25PM
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Is this the beginning of a proper debate on the socio-economic benefits of IP?

Yesterday pro-IP initiative Ideas Matter was officially launched at Microsoft’s Brussels office. Started by a group of corporations including Microsoft and Philips, as well as a number of SMEs and trade associations, Ideas Matter is aimed at countering the growth of IP scepticism in Europe and further afield by presenting real-life stories of how IP has brought success to individual inventors and small businesses. “Negative fringe stories about multi-billion dollar patent ...

Posted by Jack Ellis, IAM Magazine on 27 April 2012 @ 12:02PM
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The surge in IP litigation in China continues

The Supreme People’s Court of China has released a report on IP cases heard by Chinese courts in 2011. It shows a dramatic increase in their workload. First instance courts across the country accepted 59,612 IP cases during the year and disposed of 58,201 - rises of 38.86% and 39.51% respectively. In specific areas of IP, the report states: Among the cases accepted in 2011, 7,819 were patent cases, up 35.16% year-on-year; 12,991 were trademark cases, up ...

Posted by Helen Sloan, IAM Magazine on 27 April 2012 @ 11:32AM
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Improve our reputation and get a bonus, UBS tells new CEO

Swiss bank UBS is set to make corporate reputation a key factor when determining the bonus paid to its CEO, Bloomberg has reported. After huge writedowns from subprime mortgage investments, mass job losses and scandals relating to tax evasion and unauthorised trading, UBS has – like many banks around the world – taken a severe reputation hit since the global financial crisis unfolded in 2008. According to the Bloomberg report, UBS chairman Kaspar Villiger said that the ...

Posted by Jack Ellis, IAM Magazine on 26 April 2012 @ 7:14PM
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A call for collaboration from China

Huawei’s vice president, Deng Tao, has called for increased cooperation on IP matters between international technology companies. “In order to build a healthy global intellectual property rights ecosystem that drives technological and social progress, it is vital that we adopt cooperative and collaborative approaches that respect and protect IPR," he said, continuing: "We appeal to global organizations, be they governmental bodies, industry associations, or ...

Posted by Helen Sloan, IAM Magazine on 26 April 2012 @ 12:35PM
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Nokia and RIM look to revive their fortunes by getting more bang from their IP buck

Both Nokia and RIM have recently indicated that as they look to improve on disappointing financial performances, they will be doing more to make their IP assets sweat. Speaking last week after the announcement that the company had turned in a $1.2 billion quarterly loss, CFO Timo Ihamuotila stated that Nokia is now looking to put greater emphasis on patent licensing and is even contemplating some sales. Then on Friday Reuters reported that RIM had appointed law firm ...

Posted by Joff Wild, IAM Magazine on 24 April 2012 @ 1:49PM
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Microsoft sells 650 AOL patents to Facebook for $550 million

This press release just in from Covington & Burling Covington & Burling advised Microsoft Corp. in negotiating a definitive agreement with Facebook that assigns the social networking company the right to purchase a portion of a patent portfolio that Microsoft recently purchased from AOL Inc. Under the agreement, announced today, Facebook will pay $550 million in cash. Covington also represented Microsoft in its $1.056 billion purchase of 925 AOL patents and patent ...

Posted by Joff Wild, IAM Magazine on 23 April 2012 @ 5:17PM
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The IP market is thriving in the US, says Kappos, but it may be different in Europe

USPTO Director David Kappos was in the UK last week and I had an opportunity to sit down with him for an hour or so to talk over a few issues. The interview began with Kappos handing over a hard copy of the recently published Intellectual Property and the US Economy , which the office put together with the Economic Statistics Administration. The main headlines from what is a very detailed piece of work are that on a conservative estimate around 40 million American jobs are either ...

Posted by Joff Wild, IAM Magazine on 22 April 2012 @ 1:40PM
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Twitter has decided that patents are not strategically important assets; good luck with that!

I got a note from a senior figure in the IP market last night following up on the Twitter IPA blog we ran yesterday. This is what it said: You write: As long as inventors are on side, Twitter will still be able to pre-emptively assert patents where it suspects infringement; while the IPA makes clear that Twitter sees any entity that has filed patent litigation in the past 10 years as fair game for ‘offensive’ assertion. Given that this applies to myriad companies, ...

Posted by Joff Wild, IAM Magazine on 20 April 2012 @ 2:14PM
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Has Twitter just wiped millions off the value of its patents?

Twitter announced earlier this week that it would begin implementing the Innovator’s Patent Agreement (IPA) in relation to all of its patenting activities later this year. Adam Messinger, Twitter’s vice president of engineering, wrote on the company’s blog: “Like many companies, we apply for patents on a bunch of [our] inventions. However, we also think a lot about how those patents may be used in the future; we sometimes worry that they may be used to impede ...

Posted by Jack Ellis, IAM Magazine on 19 April 2012 @ 3:07PM
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