A new international survey has named Britain as the top European country for investment in companies that are deemed ‘rich’ in terms of intellectual property (IP).
The report, which was published by a ‘big four’ accountancy firm, in recent days, has described the UK as “a powerhouse of intellectual property-rich companies.”
In a survey of almost 3,000 global business leaders and CEOs, Britain ranked the third best country in Europe for inbound investment in innovative and ‘IP-rich’ companies.
At an international level, the UK was ranked third, beaten only very marginally by the USA and China.
The report welcomed the “resilience” of the mergers and acquisitions market in the UK in the wake of the Brexit vote and subsequent negotiations regarding Britain’s eventual departure from the EU.
It noted that inbound acquisitions were increasingly “targeting assets in technology and industrials,” despite the fact that the pace of economic growth in the UK appeared to be “declining in the near-term” amid “uncertain” negotiations regarding Brexit transition deals and other matters.
The comments come shortly after the European Commission set out its ideal position on Brexit negotiations in terms of IP rights going forward.
In September, the Commission published a paper stating that it felt European IP rights should automatically continue to retain ‘comparable protection’ in the UK after Brexit.
It is important to take active steps towards securing your IP portfolio in order to avoid infringement without any protections in place. If you would like to discuss the different ways you can protect your IP portfolio, please contact a member of Mackrell Turner Garrett’s experienced IP team.
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