Biomedical Patent Securitization in Taiwan
The currently funding institutes such as banks are hesitated to undertake the pledging business on intellectual property, it could be due to the lacking confidence on intellectual property or the overestimation of the high uncertainty of intellectual property, the inefficiency to cash out the pledged intellectual property assets etc.. In this article, the previous cases on intellectual property securitization worldwide were studied, in addition, the issues and suggestions for the future legislation are reviewed, and the adoption of the current finance asset securitization is discussed. My personal suggestions on securitization legislation for biomedical patent are stated and specifically explained the protection mechanism. Considering the characters of biomedical patent (such as the huge investments on equipments, long research period, complicated clinical trials and procedures, strict medicinal laws on manufactures and sales certificates approval, marketing and advertisement regulations etc.), parties involved in the securitization mechanism will not risk their qualified patents for the short term cash flow, which means lower opportunities on fraud or conspiracy comparing to the financial assets securitization. The overseas fund raising and guarantee institutes were presented. Sincerely hope this article shall contribute to the future legislation on intellectual property securitization, starting with biomedical patent securitization.
Key words: Intellectual property; Securitization; Fund raising; Asset transfer; Biomedical patent
Alexander I. Poltorak, & Paul J. Lerner (2002). Essentials of Intangible Property. John Wiley & Sons, Inc..
Anant Ramgrhia, Miray Muminoglu, & Oleg Pankratov (2004). Whole Business Securitization -- The Handbook of European Structured Financial Products. John Wiley & Sons, Inc..
Chen Wei-Lin (2006). Introduction on Evaluation and Fundraising for Intangible Asset. National Lawyer Journal, 10(1), 32-34.
Chen Wen-Da, & Lia Hsen-Hsin (2002). Theory and Practicumon Assets Securitization. JiSun Cultural Publisher.
Chi Kuan-Wei (2004). Studies on Legal Characters of Intellectual Capital and Intellectual Property Securitization.Chengchi University Intellectual Property Review, 2(1),113.
Chiu Yun-Ho (1999). Study on the Value of Government Owned Intellectual Property Rights. Final Report for 1999 Contracted Academic Research Project from Institute for Information Industry.
David Edwards (n.d.). Patent Backed Securitization: Blueprint for a New Asset Class, Gerling NCM Credit Insurance. Retrieved from http://www.securitization.net/pdf/gerling_new_0302.pdf
Fong Hou-Tin (2004). Studies on Intellectual Property Securitization (Mater thesis). Chengchi University, Taiwan.
Frank J. Fabozzi (Ed.). (1998). Handbook of Structured Financial Products. John Wiley & Sons, Inc..
Gordon V. Smith, & Russell L. Parr (2000). Valuation of Intellectual Property and Intangible Assets (3rd ed.). John Wiley & Sons, Inc..
Gordon V. Smith (1997). Trademark Valuation. John Wiley & Sons, Inc..
Hsieh Fu-Yuan (2003). Introduction on Intellectual Property Rights as Warrant for Fundraising. Law Review, 69(4-6), 6.
Hsieh Zer-San, & Wu Jia-Ton (2004). Evaluation on the Implementation of the Financial Asset Securitization Act (Part I). Jibou Jouranl, (130), 24. Retrieved from http://ishare.iask.sina.com.cn/f/12992168.html?from=like
Huang Min-Jei (2007). Basic Principle of Securitization-Financial Law(pp. 239-243, 249). Yuanjau Publisher.
Japan Economic Industry Province. (2007). Circulation of Intellectual Property. Capital Management Cases Report Initiative and Flexible Management in Flexible Capital Management on Intellectual Property.
Jeremy Lewis, & Andrew Moore (2003). Ensuring IP Protection Through Escrow. 21 Entertainment and Sports Lawyer, 8.
John Jackson (1999). Royalty Securitization: Taking CABS to Bankruptcy Court, 21 T. Jefferson. Rev. 209
Li Sun-Der (1999). Detailed Study on Patent Value Analysis. In Legal Issues on Determination of Intellectual Property Value (1st ed.). Law Publisher.
Liu Jiang-Bin, Yen Rey-Cheng, Shih Jei-Fong (2002). Studies on Intellectual Property as Warrant for Fundraising. In Chiang-Bin Liu & Mei-Chang Chen (Eds.), Protection and Application on Intellectual Property Rights in Great China. YuanJau Publisher.
Liu Wei-Der (2004). Current Situation and Future Direction for Handling Intellectual Property Fundraising in Taiwan Financial Institute (Master thesis). ChengChi University, Taiwan.
Liu Zen-Tien (2000). Study on Evaluation Issues for Industrial Intangible Assets, Accounting Research Journal, (170).
Luis Mejia, Steve Sencer, Todd Sherer, Jeff Snell (2007, October). Negotiating the Securitization of a Patent Royalty Stream. LES 2007 Annual Meeting, Vancouver, BC.
Markus Niemeier (2004). European Credit Card ABS, the Handbook of European Structured Financial Products, John Wiley & Sons, Inc..
Mei-Hsin Wang (2012). Compulsory Licensing Under Patents in Taiwan, Licensing Executive Society, les Nouvelles, 94-103.
Nahoko Ono (2011). Current Issue on Intellectual Property Rights as Warrants (Doctoral thesis). Law School of Hitotsubashi University.
Robert F. Reilly (2001). Valuation of Intangible Assets in Dot.com and Intellectual Property Intensive Company for Ad Valorem Property Tax Purpose, Journal of Property Tax Management, 3-4.
Tsun Chen Min-Ru (2002). Patent Law for Great China, Europe and America (1st ed.). HanLu Publisher.
Wang Mei-Hsin, Lin Chi-Rong (2010). Studies on Patent Securitization Studies in Taiwan. In Intellectual Property Rights Annual Journal. BeiJing University Publisher.
Wang Wen-Yu, Huang Jing-Zer, Chiu Rong-Hwui (2003). Theory and Practicum on Financial Assets Securitization (pp. 2-4). YuanJau Publisher.
Wang Wen-Yu (2004). Meaning, Types and Legal Issues on Assets Securitization and Meaning, New Financial Law (pp. 18-25). YuanJau publisher.
Wang Wen-Yu (2003). Principle for Trust and Legislation on Commercial Trust, New Company Law ans Corporate Law (p.44). YuanJau publisher.
Wang Zi-Cheng (2002). Protection Mechanism for Special Purpose Company and Investor, YueiDan Law Journal, (88), 139.
- There are currently no refbacks.
How to do online submission to another Journal?
If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:
1. Register yourself in Journal B as an Author
Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.
Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: email@example.com; firstname.lastname@example.org; email@example.com; firstname.lastname@example.org
Copyright © Canadian Academy of Oriental and Occidental Culture (CAOOC)
Address: 9375 Rue de Roissy Brossard, Québec, J4X 3A1, Canada
Telephone: 1-514-558 6138