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Nimeke- ja vastuullisuusmerkintö A Dutch bankruptcy : how does it affect intellectual property, licensors and licensees?
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Ulkoasutiedot
Sarjamerkintö ei-lisäkirjausmuodossa Journal of Intellectual Property Law & Practice, ISSN 1747-1532 ; 10 (8)
Huomautus sisällöstä, tiivistelmä tms. When a company established in the Netherlands is declared bankrupt, a trustee is appointed whose main task is to settle the bankruptcy in the interest of the company's creditors. Accordingly, the trustee has the power to sell and transfer the intellectual property rights part of the bankrupt's estate for as high a price as possible. It is a common perception that unencumbered property has a greater market value and may be sold at a higher selling price than property which, for example, has been licensed. Hence it is likely the bankruptcy trustee seeks to sell intellectual property rights free from encumbrances. This practice gives rise to several legal questions, amongst others regarding the (limitations to) the powers of the trustee with regard to the intellectual property rights and the effect of the bankruptcy on the legal position of licensors, licensees and third parties. In this article, the authors seek to provide some insight and guidance with regard to these legal questions. For this purpose, the article focuses on (the impact of) two judgments of the Dutch Supreme Court in the so-called Nebula and Berzona cases, which are regarded as pivotal in this light.
Asiasana - Kontrolloimaton
Henkilönnimi
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*520 $aWhen a company established in the Netherlands is declared bankrupt, a trustee is appointed whose main task is to settle the bankruptcy in the interest of the company's creditors. Accordingly, the trustee has the power to sell and transfer the intellectual property rights part of the bankrupt's estate for as high a price as possible. It is a common perception that unencumbered property has a greater market value and may be sold at a higher selling price than property which, for example, has been licensed. Hence it is likely the bankruptcy trustee seeks to sell intellectual property rights free from encumbrances. This practice gives rise to several legal questions, amongst others regarding the (limitations to) the powers of the trustee with regard to the intellectual property rights and the effect of the bankruptcy on the legal position of licensors, licensees and third parties. In this article, the authors seek to provide some insight and guidance with regard to these legal questions. For this purpose, the article focuses on (the impact of) two judgments of the Dutch Supreme Court in the so-called Nebula and Berzona cases, which are regarded as pivotal in this light.
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