Tuesday 6 December 2016

Post-Brexit IP boom potential

Published 10/07/2016 | 02:30

Ireland could receive millions of euro worth of intellectual property-related work following the UK's decision to leave the EU, according to an industry expert. Stock photo: Reuters
Ireland could receive millions of euro worth of intellectual property-related work following the UK's decision to leave the EU, according to an industry expert. Stock photo: Reuters

Ireland could receive millions of euro worth of intellectual property-related work following the UK's decision to leave the EU, according to an industry expert.

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Britain currently handles a large amount of IP work for global firms seeking to have ideas protected in the EU.

Dr Christina Gates of IP law firm Tomkins, an Irish company which dates from the 1930s - whose work includes protecting the harp symbol for the Government - said UK firms may now lose access to an EU system which protects trademarks and designs.

As the EU's only remaining English-speaking country, that work could flood to Ireland, Gates said. "We have one client who has already moved a portfolio of trademarks to Ireland due to post-Brexit uncertainty - and that's in just two weeks."

Sunday Indo Business

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