Round Table on Intellectual Property as a Security Asset for Credit: Issues and Prospects

The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, GOI along with the Chair on IPR and CIPRA, NLSIU is organising a Round Table on ‘Intellectual Property as a Security Asset for Credit: Issues and Prospects’ on October 28, 2020 from 5 pm.

Concept Note:

The World Intellectual Property Organization (WIPO) has estimated that intellectual property will account for six trillion dollars in global trade by 2020. Any modern enterprise, from manufacturing to the service sector, holds significant IP assets in various forms from business software to license rights. IP assets are of significance to a knowledge-based firms like software and biotechnology. Such firms play an important role in today’s Indian economy. Many of Such firms may have only or substantially IP assets as their major asset. IP assets are growing in importance to other firms also. Possibility of using IP assets as security/collateral can open new avenues for firms to raise funds. This may have impact upon survival of many firms, especially during a pandemic period where the firms are funds starved.

It is well accepted that access to credit is crucial for economic growth. World Bank has found that Insufficient Collateral is among the top reasons for difficulty in accessing credit finance in the developing world. A common trend among the firms is that credit applications are rejected mostly due to insufficient collateral, i.e. unacceptable or unsuitable collateral. Secured credit is an efficient form of lending/borrowing. IP asset security-based credit which, when implemented in a proper legal and institutional framework, can thus stimulate economic activity.

The Roundtable:

IP has unique features. The roundtable would examine the present system of security creation and enforcement, to see whether the system is adequate to facilitate IP security-based financing in India. The focus of the roundtable is to examine the challenges and prospects for IP asset security-based financing. Experts from Academia and industry would address diverse dimensions.

Agenda:

Inaugural Session
5.00 pm IST – 5.10 pm IST -Welcome & Opening remarks: Prof. (Dr.) T. Ramakrishna, Chair Professor, IP-Chair, NLSIU
5.10 pm IST – 5.20 pm IST – Keynote Address: Prof. Dr. Raj S. Davé, President, Davé Law Group, LLC, Alexandria, VA, USA
5.20 pm IST – 5.30 pm IST – Presidential Address: Prof. (Dr.) Sudhir Krishnaswamy, Vice-Chancellor, NLSIU, Bengaluru.

Session: IP Asset security-based financing: Challenges and Prospects
Chair: Prof. Dr. Raj S. Davé, President |Davé Law Group, LLC, Alexandria, VA, USA

Themes:
5.30 pm IST – 6.00 pm IST – IP Due diligence and valuation for Secured Transactions
Speaker: Mr.Navarre Roy, Managing Associate Anand and Anand
6.00 pm IST – 6.30 pm IST – Creation of Security Interest in IP Asset
Speaker: Mr. Anandaday Misshra, Advocate, Founder- AMLEGALS.
6.30 pm IST – 7.00 pm IST – Perfection/Registration of Security interest in IP Asset
Speaker: Prof. Sudipta De Sarkar, KIIT School of Law, Bhubaneswar, Odisha
7.00 pm IST – 7.30 pm IST – Enforcement of IP Asset Security interest:

7.30 pm IST – 8.00 pm IST – Special Guest Speaker | Philip S. Warden Partner | Pillsbury, San Francisco
(1) Security Interests in Intellectual Property
(2) Perfecting Security Interests in Ip: Avoiding the Traps
(3) Bankruptcy Remote Entity (BRE)

Registration Details:

Open to:
1. Bank and other financial institution officials
2. Industry Personnel – Stake Holders
3. Academicians & Researchers
4. Practicing advocates & Professionals.
5. Law Students

• No Registration fee. Prior registration is mandatory
• Registration Link: https://forms.gle/hVwi7AauNuRs7qqK6
• All participants will receive a link to the virtual round table on 27.10.2020. Participants are requested to join 10 minutes prior to the Inaugural session.
• *All participants of the round table will receive an Electronic certificate (e-certificate)
• In case of any queries, contact: ,

Advisory Committee

Prof. (Dr.) Sudhir Krishnaswamy
Vice-Chancellor, National law School of India University
Bengaluru, Karnataka, India

Prof. (Dr.) T. Ramakrishna,
Chair Professor of Law,
DPIIT, Ministry of Commerce and Industry, Govt. of India
Head, Centre for IP Research and Advocacy (CIPRA)
National Law School of India University, Bangalore.

Dr. Lawwellman,
Assistant Professor, Dept. of Law
Govt. Law College, Kozhikode

Co-ordinator: Mr. Jnana Teja Bandi,
Patent Agent-IN/PA-3704,
Research Associate, DPIIT Chair on IPR
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