Bloomberg Law®, an integrated legal research and business intelligence solution, combines trusted news and analysis with cutting-edge technology to provide legal professionals tools to be...
By Joe Kirwin
BRUSSELS--The European Union took another step Feb. 19 toward establishing an EU-wide patent scheme as a majority of member states signed an accord to create a new court.
The Unified Patent Court is designed to complement a recently passed EU law that gives applicants a “one-stop shop” option for protecting inventions and innovations, instead of making them go through all the states separately.
“The signing of the Unified Patent Court is a truly historic moment as it will give enterprises greater access to patent protection at the European level and make enforcement of patents affordable,” said Richard Bruton, Ireland's minister for jobs, enterprise and innovation.
“It is also an important milestone in the continued development of the EU single market,” added Bruton, who managed the signing ceremony because his country holds the rotating EU presidency.
“The ratification requirement will involve explaining the new system to national parliaments,” Internal Market Commissioner Michel Barnier said. “It is important not to let the discussion be dominated by vested interests and the fear of things new.”
The European Commission estimates the new scheme will save companies as much as $300 million a year and put patent protection costs on par with the United States and Japan.
Italy and Spain objected to the plan, fearing it would set a precedent for other EU institutions. In order to bypass those objections, the EC used a special legislative procedure known as “enhanced cooperation” that allows at least nine like-minded EU member states to move ahead on legislation that normally requires unanimous consent.
Later, the United Kingdom, Germany and France fought over where the new patent court would be based. That dispute was resolved with each country getting a piece of the new institution: the headquarters will be in Paris; cases involving chemistry and pharmaceuticals will be litigated in London; and cases involving mechanical engineering will be argued in Munich.
“We must face facts,” he said. “Making all this come true in a very short time frame will not be easy and will require a lot of work. We are close to achieving our goal but we are not there yet.”
By Joe Kirwin
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)