公司上市的知识产权风险(袁真富)课件

1、公司上市前后的知识产权风险 演讲人：袁真富Speaker: Lawrence Yuan上海大学知识产权学院Shanghai University Intellectual Property School2013.11.29Intellectual Property Risks Before and After a Company Goes to Public2演讲人简介 Introduction 袁真富 博士 Dr. Lawrence Yuan上海大学知识产权学院副院长Vice Director of Shanghai University Intellectual Property Scho

2、ol上海知识产权研究所常务副所长Executive Director of Shanghai Intellectual Property Academe中国知识产权杂志专栏作家Columnist for China Intellectual Property东方知识产权俱乐部（OIPC）创始发起人、副理事长Founder and Vice President of OIPC 3? 如果上市公司的知识产权掌握在母公司或大股东手中，会遇到什么情况？ If intellectual property rights of a listed company belong to its parent co

3、mpany or a big shareholder, what will happen? 41.1 上市公司知识产权的结构安排风险 Risks of IP Structure Arrangements知识产权由谁掌握？大股东or上市公司Who holds IP rights? Big shareholders or the listed companies themselves?无知识产权控制权，可能影响公司上市！2007年江西天施康中药股份有限公司上市被否： “康恩贝”商标属于股东康恩贝集团间接控股公司所有。The proposal of Jiangxi Tianshikang Chine

4、se Medicine Co., Ltd going to public. was turned down in 2007: The trademark of “Conba” is directly owned by the company which is indirectly controlled by the shareholder of Tianshikang, Conba Group.2010年吉林永大集团股份有限公司上市被否： 借用伊顿公司的“EATON”商标进行销售。The proposal of Jilin Yongda Group Co., Ltd going to publ

5、ic. was turned down in 2010: The company sold their products with the trademark” Eaton” which was licensed to them by Eaton Electrical Group. Without the control of IP rights, companies will face troubles in going to public. 51、上市公司利润被转移风险 Profits of listed companies are at risk of being transferred

6、案例：上市后关联许可：五粮液集团的后续商标许可 Case: Related license after going to public Subsequent trademark licenses of Wuliangye Group结论：知识产权成为转移上市公司利润的重要杠杆 Conclusion: Intellectual Property has become an important leverage of transferring profits of listed companies.1.1 上市公司知识产权的结构安排风险 Risks of IP Structure Arrangem

7、ents71.1 上市公司知识产权的结构安排风险 Risks of IP Structure Arrangements3、大股东退出的遗留问题 Leftover Problems arising from withdrawal of shareholders案例1：承德露露的两次交易 Case 1: Two transactions of Hebei Chengde Lolo Co., Ltd.案例2：国美之争可能产生的商标问题 Case 2: Trademark issues resulting from the GOME disputes结论：控制股权未必就能控制上市公司 Conclusi

8、on: Controlling the share does not mean controlling the listed company.81.1 上市公司知识产权的结构安排风险 Risks of IP Structure Arrangements4、股权发生变动但知识产权未动 Changes happen in shares while intellectual property rights remain unchanged.案例：三联商社的商标转让条款无效 Case: The clause of trademark transfer of Sanlian Shop was inval

9、id.结论：知识产权的产权结构安排须预见到股权变动的问题 Conclusion: Changes in shares should be foreseen when making IP structure arrangements.10（2）创新型中小上市公司更重视知识产权信息披露 Innovative SME place more emphasis on disclosing information about intellectual property rights.（3）上市公司披露的知识产权信息日益丰富 Information disclosed by listed companies

10、 has become increasingly abundant.1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies11（4）知识产权在上市公司信息披露中日渐突出 Intellectual Property Rights has been more and more outstanding among the information disclosed by listed companies.朗科科技2009年年报： “专利”一词更是出现了358次。 “Pa

11、tent” was mentioned 358 times in the annual report of Netac Technology Co. Ltd in 2009.1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies121）知识产权相关词汇的词频统计 Word frequency count of IP-related vocabulary1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual

12、 Property Rights in Listed CompaniescopyrighttrademarkpatentIntellectual property right14专利 (Patent)商标(Trademark)著作权(Copyright)专有技术(Proprietary Technology)最大拥有量(Maximum of ownership)135 163 94 66 最大申请量(Maximum of application)221 185 /表：创业板公司招股说明书中披露知产拥有最多量与申请最多量统计Maximum of ownership and application

13、 in the information disclosed about IP in prospectus of listed GEM companies1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies152、上市公司知识产权信息披露的主要问题 Major problems in disclosed information about IP rights in listed companies （1）知识产权信息披露不真实 The information di

14、sclosed is not true.（2）知识产权信息披露不准确 The information disclosed is not correct. 1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies17（7）知识产权信息披露内容不明晰 The information disclosed is not clear.（8）知识产权信息披露细节不一致 The details of the information disclosed are not the sa

15、me.（9）知识产权信息披露用语不规范 Expressions used in information disclosure are not standard.1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies183、上市公司知识产权信息披露问题的成因 Reasons for the above problems（1）缺乏制度上的系统规范 Lack of systematic and standard mechanism没有统一的知识产权信息披露标准指导 Wi

16、thout uniform and standard guidance on information disclosure about intellectual property rights1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies19（2）出于利益考虑披露失当 Inappropriate disclosure in consideration of interests（3）对于知识产权不太了解 Not have a full understandi

17、ng of intellectual property （4）不认为属于重要的信息 Regarding intellectual property as unimportant information（5）相关机构尽职调查不当 Improper due diligence of related institutions1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies204、上市公司知识产权信息披露不当的后果 Outcomes of inappropriate

18、 information disclosure about intellectual property rights in listed companies（1）受到监管机构的监督处罚 Be supervised and punished by regulator（2）影响上市公司的发行交易 Affect the issue of stocks and transactions of listed companies（3）影响或误导投资人的知情与决策 Affect of mislead investors decisions（4）引发第三方的质疑或投诉 Lead to the questions or complaints made by a third party1.2 上市公司知识产权的信息披露问题Information Disclosure of Intellectual Property Rights in Listed Companies211.3 上市公司面临的知识产权烦恼IP Troubles that listed companies face1、侵权麻烦 Infringement troubles新大新材上市前夜宣布暂缓上市。 The night befor