Changing Nature of IP Disputes
Intellectual property (IP) rights have become a truly
international phenomenon. Technology is constantly changing. So too
are the ways in which businesses seek to protect proprietary
information. Indeed, the concept of what is "proprietary"
also continues to develop. This development, together with the
growth of international transactions, has seen the potential for
cross-border IP disputes increase significantly. Meanwhile, the
economic downturn continues to squeeze litigation budgets. In such
circumstances, there is an incentive for stakeholders to seek a
more adaptable, comprehensive and efficient resolution to IP
disputes than court litigation. This makes international
arbitration an increasingly attractive option.
