Newspaper article from our research archive:
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Where Plaintiff operator of London Futures Exchange employed Defendant in position involving innovation, English Court of Appeal, Civil Division, holds that, under English patent statute, Plaintiff owned Defendant's inventions dealing with electronic trading of various forms of futures contracts so that Defendant was unable to obtain U.S. patents on his system.(Patents Act 1977)
- Article from:
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International Law Update
- Article date:
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May 1, 2007
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Copyright informationCOPYRIGHT 2007 Transnational Law Associates. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Plaintiff below was LIFFE Administration and Management, the operator of the London Futures Exchange. In July 2001, it had hired Dr. Pavel Pinkava (Defendant) as a manager in its Interest Rate Product (IRP) Management Team. By July 2004, Defendant had come up with a system which enabled the trading on an electronic exchange of various financial instruments not previously traded. Plaintiff promoted Defendant to senior manager in September 2004.
In January 2005, Defendant notified Plaintiff that he, not Plaintiff, was entitled to own the system and related inventions. The usual rule under English common and statutory law was that the development of inventions in the ...
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