Hong Kong is set to sign a deal with the World Intellectual Property Organisation (WIPO) on Monday to pave the way for sharing relevant court judgments with the United Nations agency, the city’s finance chief has revealed.
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Financial Secretary Paul Chan Mo-po on Sunday also highlighted the importance of intellectual property as an emerging high-value industry that could complement other sectors with traditional strengths in the city.
“This involves safeguarding research investment and value creation of inventors and technology companies through patent applications. Also, professional valuations allow patents to be traded or used as collateral for financing,” he wrote in his weekly blog.
“As a promising emerging industry, intellectual property can mutually support innovation and technology and finance sectors to pursue highly efficient development.”
Chan said the Hong Kong government on Monday would sign a memorandum of understanding (MoU) with the WIPO, allowing the city’s judiciary to share landmark judgments in the field of intellectual property with the WIPO Lex judicial decisions database.
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The data currently contains about 2,200 case decisions from more than 40 jurisdictions.