QIP Defeated City Bank in a Patent Case

On 18 May 2009, the Patent Reexamination Council of State Intellectual Property Office of China issued a Decision of Declaring Invalidation of the Patent Right (Decision No. 13362), which declared invalidation of all 28 Claims of Rights in China patent CN 1097799C, which is also a PCT patent (WO97/10559). The patentee is City Bank.

The complaint of invalidation was raised by Professor Chu ZHANG (Chair of Center for IP Research at China U. of Politics & Law, QIP) and Mr Yibiao ZHANG (research fellow at QIP) on 18 Dec. 2008.  The oral procedure was held on 20 April 2009.

This declaration of invalidation breaks through a huge barrier in the market of finance and stock transaction service set by the transnational corporations. Chinese enterprises now can enter into the relevant market and compete with financial giants in a fairer enviroment.

As a non-profit organization, the QIP will continue to hunt the questionable patents owned by the transnational corporations in China, and initiate more actiones publicae populares.

On 18 May 2009, the Patent Reexamination Council of State Intellectual Property Office of China issued a Decision of Declaring Invalidation of the Patent Right (Decision No. 13362), which declared invalidation of all 28 Claims of Rights in China patent CN 1097799C, which is also a PCT patent (WO97/10559). The patentee is City Bank.

The complaint of invalidation was raised by Professor Chu ZHANG (Chair of Center for IP Research at China U. of Politics & Law, QIP) and Mr Yibiao ZHANG (research fellow at QIP) on 18 Dec. 2008.  The oral procedure was held on 20 April 2009.

This declaration of invalidation breaks through a huge barrier in the market of finance and stock transaction service set by the transnational corporations. Chinese enterprises now can enter into the relevant market and compete with financial giants in a fairer enviroment.

As a non-profit organization, the QIP will continue to hunt the questionable patents owned by the transnational corporations in China, and initiate more actiones publicae populares.

 

(Translated from Newiplaw.com
http://www.newiplaw.com/html/2009-06/2588.htm)

Author: Donnie (豆哥)

Former academic in Law & Sociology, currently a lawyer, 15+ years experiences in IP and IT laws. 前任法律学者、现任滤师,专业过滤假货崴货(不限商品、服务、鸡汤鸡血);业余仁波切,负责解答精神问题。微信公号fadoufadou