Business Standard

Asia's first patent arbitration centre to open in Tokyo

Topics
Technology Internet

IANS  |  Tokyo 

Asia's first arbitration centre specialised in intellectual property is slated to open in Tokyo in September to resolve the growing number of disputes in the region, an official said on Friday.

The International Arbitration Centre in Tokyo (IACT) is set to have around a dozen arbitrators from around the world, who would try to resolve disputes within a period of one year, Katsuya Tamai, a project member and University of Tokyo professor specialising in intellectual property law, told Efe news.

Technological progress and diversification of applications have resulted in more patent infringement disputes worldwide, raising the number of cases not settled through dialogue, according to the latest report released by Japan's Patent Office.

The body also noticed that a growing number of disputes and legal complexities make the resolution process time-consuming, so it recommends more centres and arbitrators to handle such cases.

The patent infringement dispute between Samsung Electronics and Apple, in which Apple sued Samsung for allegedly copying the design of its mobile phones, and which was finally resolved on Thursday after seven years of litigation and compensation amounting to millions of dollars, is the most recent example of such a dispute.

The IACT is due to handle disputes between non-Japanese companies also, if both parties agree.

--IANS

ksk/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, June 29 2018. 14:54 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU