National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The Impact of Judicial Verdicts Regarding Patent Litigation on Stock Prices
Vlčková, Kateřina ; Novák, Jiří (advisor) ; Kvaček, Jan (referee)
This thesis examines the impact of judicial verdicts on patent holders' stock prices. Our dataset contains 40 companies which were involved in a legal dispute concerning patent infringement or patent invalidity and which were judged by the England and Wales High Court (patent court). This work states three main hypotheses which are examined within the empirical part. To understand the impact of a judgement on the stock price of the patent holder we used an event study which measures the impact of economic events on stock prices. We divided the main hypothesis into two parts. The first part examines whether the stock price increases in case of a trial victory and the second part tests whether the stock price decreases in case of a trial defeat. Our empirical analysis refused an alternative hypothesis and so the first part was confirmed. Nevertheless our results did not confirm the second part of the first hypothesis and the stock price shows the positive abnormal return even in case of a trial defeat. On the basic of these results we conclude that judgements influence the stock price in some specific cases but they are not a dominant factor. However we confirm the next hypothesis that the stock price reacts more sensitively to the judgement's announcement in a trial concerning patent invalidity than...
European Patent Judiciary
Holá, Jitka ; Svoboda, Pavel (advisor) ; Pítra, Vladimír (referee) ; Smolek, Martin (referee)
The dissertation examines current European patent court system and the possibilities of its improvement. First of all it identifies main problems of the existing fragmented patent litigation and in response to those findings, examines possible solutions to the situation. First, it deals with the possibility of adopting certain measures to improve the current situation, while maintaining the current system, in which national courts remain competent in patent disputes. The second option is linked to the issue of creating new specialized European patent jurisdiction. Thus the dissertation chronologically analyses individual legislative proposals and documents on the creation of a specialized European patent court system at supranational (EU) and international level. Namely Community Patent Convention (1975), Protocol on Litigation to the Agreement relating to Community Patents (1989), draft EPLA (European Patent Litigation Agreement 2003), proposals on decisions establishing Community Patent Court (2003) and draft Agreement on the European and Community Patents Court (2009). Separate section is devoted to the most recent Agreement on Unified Patent Court opened only to EU Member States, which was signed early in 2013 by most of them. The main objective of the research is to answer the question whether...

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