1 Thibault Schrepel 1 Mark A. Lemley, A. Douglas Melamed, Missing the Forest for the Trolls, 113 Colum. L. Rev (2013).
2 2 Mario H. Lopez, State Sponsored Patent Trolls Are Bad For Consumers, Inside Sources, May For instance, there are about 250,000 patents in a Smartphone. The holding of few of them could be used to prevent the commercialization of the product. This show how the strategy of accumulating patents in order to litigate them could be a great danger for innovation and consumers. For more information, see the Brief Amici Curiae of 27 Law Professors In Support Of Appellant Samsung, Docket Nos , Catherine Tucker shows that patent trolls greatly hinder investment in innovation, see her paper The Effect of Patent Litigation and Patent Litigation and Patent Assertion Entities on Entrepreneurial Activity, MIT Sloan School Working Paper 5095-
3 5 France Brevets, for instance, argues that its longsome private trolls do have a long-term strategy as well, and, furthermore, that long term anti-competitive strategies are not prefera providing licenses on key patents to SME, this study shows that overall SPFs harm economies more than they enhance them. 6 Hosuk Lee-Makiyama, Patrick Messerli, Sovereign Patent Funds (SPFs): Next-generation trade defence?, ECIPE, n 7/ Expert Group on IPR valorisation, Options for an EU instrument for patent valorization, Page 46.
4 8 chrepel Contribution to Antitrust Law and Modern Application, ICC Global Antitrust Review, pp , r State, 10 For more details, see Thibault Schrepel, Les Brevets Comme Autre Variable des Relations Internationales, La Nouvelle Chronique, February 2015 (text in French)
5 11 France Brevets: a state-, New Direction, January Caisse des depots, France Brevets (text in French).
6 13 IAM Magazine, Unique French patent fund begins operating its first licensing programme, In 2014, France Brevets signed a licence deal with LG Electronics, see Jack Ellis, France Brevets licence deal with LG, says senior fund executive, IAM, September 2014, 15 Nos Valeurs (text in French) 16 OECD, Research and Innovation Support Policies in France, 2014, page Convention du 23 décembre 2014 entre l'etat et la Caisse des dépôts et consignations (CDC) relative au programme d'investissements d'avenir (action : «Fonds souverain de la propriété intellectuelle») (text in French)
7 18 SPFs often argue that they enhance innovation by providing licenses. A recent paper by two of the world greatest ery few patent licenses from assertion actually lead to new innovation; most are simply about
8 Does Patent Licensing Mean Innovation?, Stanford Law and Economics Olin Working Paper No James Bessen, Jennifer Ford, Michael J. Meurer, The Private and Social Costs of Patent Trolls, Boston Univ. School of Law, Law and Economics Research Paper No French). 21 Expert Group on IPR valorisation, Options for an EU instrument for patent valorization, Page Expert Group on IPR valorisation, Options for an EU instrument for patent valorization, Page 54.
9 23 24 Hosuk Lee-Makiyama, Patrick Messerli, Sovereign Patent Funds (SPFs): Next-generation trade defence?, ECIPE, n 7/ ZGC Haidian park boosts IP protection, Edith Ramirez, Standard-Essential Patents and Licensing: An Antitrust Enforcement Perspective Address by FTC Chairwoman Edith Ramirez 8th Annual Global Antitrust Enforcement Symposium Georgetown University Law Center Washington, DC September 10, 2014
10 27 FRAND agreements require that holders of essential patents do not discriminate nor restrict competition downstream. Such terms are imposed by standard setting organization. As the OECD recently noticed, the exact definition of what FRAND agreements should be remains quite unclear. 28 Brian Kahin, Patently Geopolitical: The New Frontier of Government And Market Interaction, IP-Watch, August 2013
11 29 Yu-Tzu Chiu, Taiwanese to Form Patent Bank to Defend Local Companies, IEEE. 30 Stephen Demaura, Why Does The U.S. Fund Countries, Like Taiwan, That Attack American Businesses And Intellectual Property?, February 2014, Forbes, 31 See for instance, LG Prevails Over ITRI In Two LCD Investigations Before International Trade Commission, PR Newswire, November 2012
12 32 See : Americans for Job Security letter to the FTC, December 16, OECD, Research and Innovation Support Policies in France, 2014, page Hosuk Lee-Makiyama, Patrick Messerli, Sovereign Patent Funds (SPFs): Next-generation trade defence?, ECIPE, n 7/ Korean patent fund aims for $350 million war chest with goal of becoming a global player. 36 See website 37 See TeleCommunication Systems Sells Two Single Gesture Map Navigation Patents to IP Cube Partners, PR Newswire, These three risks, taken together, show why even if some SPFs argue that they intend to fight against private trolls only, overall, they still hinder innovation and harm consumers.
13 39 Commission Staff Working Document, Towards enhanced patent valorisation for growth and job, 2012
14 40 Patent t concept from patent trolling, but a strategy conducted by patent trolls (here acting as a privateer). 41 For more details on the subject of privateers, read Thibault Schrepel, Patent Privateering: Patents As Weapons, University of Cincinnati Online Law Review, February 2015
16 42 As of 2014, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
17 43 France and the WTO. 44 The WTO websites top Go directly to jail. Do not pass Go, do not collect. Well, not exactly. But the sentiments apply. If a country has done something wrong, it should swiftly correct its fault. And if it continues to break an agreement, it should offer compensation or face a suitable response that has some bite although this is not actually
18 45 Agreement on Trade-Related Aspects of Intellectual Property Rights https://www.wto.org/english/docs_e/legal_e/27-trips.pdf
19 46 CJCE 23 April 1991 aff 41/90, Höfner et Elser.
20 47 Since then, France Brevets has not fulfilled its legal obligation of communicating information in its annual accounts (see https://www.infogreffe.fr/societes/entreprise-societe/ france-brevets b html), despite that the fact that non-publication of the annual accounts is punished under French law and may be penalized. 48 Information report of the French National Assembly, 13 July 2011, 49 It should be noted that a legal action against prohibited state aid may be introduced by "any Member State and any person, undertaking or association of undertakings whose interests might be affected by the granting of aid, in particular the beneficiary of the aid, competing undertakings and trade associations". An online form is available on the website of the European Commission, see State Aid control Online complaint form
21 50 Thibault Schrepel, Les brevets: un mal nécessaire, Le Concurrentialiste, July 2014 (text in French) 51 For more details on this proposal, see Thibault Schrepel, Patent troll through the US and EU antitrust law: When cooperation is no longer an option, ECLR Vol. 34, No. 6 (2013), p James Bessen, Jennifer Ford, Michael J. Meurer, The Private and Social Costs of Patent Trolls, Boston Univ. School of Law, Law and Economics Research Paper No Innovation Act, H.R. 3309, 113th Cong. (2013) 113hr3309rfs.pdf. See Larry Downes, Why Congress Needs to Pass the Innovation Act This Time, Harvard Business Review,
22 54 On 11 December 2012, the European Parliament voted positively in a first reading on the EU Council's compromise proposals for two draft EU regulations on a unitary patent for Europe. The regulations entered into force on 20 January However, they will only apply from the date of entry into force of the Agreement on a Unified Patent Court. For more information, (see 55 On this subject, see the great analysis made by the so-called Industry Coalition single patent that is enforceable throughout the EU. In the future, however, inventors will have the choice of protecting their invention in up to 25 EU countries with a single unitary patent. These unitary patents will be enforced 56 James Bessen, Jennifer Ford, Michael J. Meurer, The Private and Social Costs of Patent Trolls, Boston Univ. School of Law, Law and Economics Research Paper No. 11-
23 57 Thibault Schrepel, France Brevets: a state-, New Direction, January White House Task Force on High-Tech Patent Issues, /91. Cf Le Concurrentialiste, Antitrust Letter #7, 10 January 2014, 60 STRONG Patents Act https://leconcurrentialiste.files.wordpress.com/2015/03/strong-patents-act-of-2015.pdf 61 Patent Litigation Reform: Who Are You Calling a Troll? are not subject to countersuit, and have less incentive to cross-
24 62 For more details, see Thibault Schrepel, Antitrust Letter #18, Le Concurrentialiste, November 2014
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