公司上市的知識(shí)產(chǎn)權(quán)風(fēng)險(xiǎn)(袁真富)課件

1、公司上市前后的知識(shí)產(chǎn)權(quán)風(fēng)險(xiǎn) 演講人：袁真富Speaker: Lawrence Yuan上海大學(xué)知識(shí)產(chǎn)權(quán)學(xué)院Shanghai University Intellectual Property School2013.11.29Intellectual Property Risks Before and After a Company Goes to Public2演講人簡(jiǎn)介 Introduction 袁真富 博士 Dr. Lawrence Yuan上海大學(xué)知識(shí)產(chǎn)權(quán)學(xué)院副院長(zhǎng)Vice Director of Shanghai University Intellectual Property Scho

2、ol上海知識(shí)產(chǎn)權(quán)研究所常務(wù)副所長(zhǎng)Executive Director of Shanghai Intellectual Property Academe中國(guó)知識(shí)產(chǎn)權(quán)雜志專欄作家Columnist for China Intellectual Property東方知識(shí)產(chǎn)權(quán)俱樂部（OIPC）創(chuàng)始發(fā)起人、副理事長(zhǎng)Founder and Vice President of OIPC 3? 如果上市公司的知識(shí)產(chǎn)權(quán)掌握在母公司或大股東手中，會(huì)遇到什么情況？ If intellectual property rights of a listed company belong to its parent co

3、mpany or a big shareholder, what will happen? 41.1 上市公司知識(shí)產(chǎn)權(quán)的結(jié)構(gòu)安排風(fēng)險(xiǎn) Risks of IP Structure Arrangements知識(shí)產(chǎn)權(quán)由誰(shuí)掌握？大股東or上市公司W(wǎng)ho holds IP rights? Big shareholders or the listed companies themselves?無(wú)知識(shí)產(chǎn)權(quán)控制權(quán)，可能影響公司上市！2007年江西天施康中藥股份有限公司上市被否： “康恩貝”商標(biāo)屬于股東康恩貝集團(tuán)間接控股公司所有。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年吉林永大集團(tuán)股份有限公司上市被否： 借用伊頓公司的“EATON”商標(biāo)進(jìn)行銷售。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、上市公司利潤(rùn)被轉(zhuǎn)移風(fēng)險(xiǎn) Profits of listed companies are at risk of being transferred

6、案例：上市后關(guān)聯(lián)許可：五糧液集團(tuán)的后續(xù)商標(biāo)許可 Case: Related license after going to public Subsequent trademark licenses of Wuliangye Group結(jié)論：知識(shí)產(chǎn)權(quán)成為轉(zhuǎn)移上市公司利潤(rùn)的重要杠桿 Conclusion: Intellectual Property has become an important leverage of transferring profits of listed companies.1.1 上市公司知識(shí)產(chǎn)權(quán)的結(jié)構(gòu)安排風(fēng)險(xiǎn) Risks of IP Structure Arrangem

7、ents71.1 上市公司知識(shí)產(chǎn)權(quán)的結(jié)構(gòu)安排風(fēng)險(xiǎn) Risks of IP Structure Arrangements3、大股東退出的遺留問題 Leftover Problems arising from withdrawal of shareholders案例1：承德露露的兩次交易 Case 1: Two transactions of Hebei Chengde Lolo Co., Ltd.案例2：國(guó)美之爭(zhēng)可能產(chǎn)生的商標(biāo)問題 Case 2: Trademark issues resulting from the GOME disputes結(jié)論：控制股權(quán)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 上市公司知識(shí)產(chǎn)權(quán)的結(jié)構(gòu)安排風(fēng)險(xiǎn) Risks of IP Structure Arrangements4、股權(quán)發(fā)生變動(dòng)但知識(shí)產(chǎn)權(quán)未動(dòng) Changes happen in shares while intellectual property rights remain unchanged.案例：三聯(lián)商社的商標(biāo)轉(zhuǎn)讓條款無(wú)效 Case: The clause of trademark transfer of Sanlian Shop was inval

9、id.結(jié)論：知識(shí)產(chǎn)權(quán)的產(chǎn)權(quán)結(jié)構(gòu)安排須預(yù)見到股權(quán)變動(dòng)的問題 Conclusion: Changes in shares should be foreseen when making IP structure arrangements.10（2）創(chuàng)新型中小上市公司更重視知識(shí)產(chǎn)權(quán)信息披露 Innovative SME place more emphasis on disclosing information about intellectual property rights.（3）上市公司披露的知識(shí)產(chǎn)權(quán)信息日益豐富 Information disclosed by listed companies

10、 has become increasingly abundant.1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies11（4）知識(shí)產(chǎn)權(quán)在上市公司信息披露中日漸突出 Intellectual Property Rights has been more and more outstanding among the information disclosed by listed companies.朗科科技2009年年報(bào)： “專利”一詞更是出現(xiàn)了358次。 “Pa

11、tent” was mentioned 358 times in the annual report of Netac Technology Co. Ltd in 2009.1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies121）知識(shí)產(chǎn)權(quán)相關(guān)詞匯的詞頻統(tǒng)計(jì) Word frequency count of IP-related vocabulary1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual

12、 Property Rights in Listed CompaniescopyrighttrademarkpatentIntellectual property right14專利 (Patent)商標(biāo)(Trademark)著作權(quán)(Copyright)專有技術(shù)(Proprietary Technology)最大擁有量(Maximum of ownership)135 163 94 66 最大申請(qǐng)量(Maximum of application)221 185 /表：創(chuàng)業(yè)板公司招股說(shuō)明書中披露知產(chǎn)擁有最多量與申請(qǐng)最多量統(tǒng)計(jì)Maximum of ownership and application

13、 in the information disclosed about IP in prospectus of listed GEM companies1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies152、上市公司知識(shí)產(chǎn)權(quán)信息披露的主要問題 Major problems in disclosed information about IP rights in listed companies （1）知識(shí)產(chǎn)權(quán)信息披露不真實(shí) The information di

14、sclosed is not true.（2）知識(shí)產(chǎn)權(quán)信息披露不準(zhǔn)確 The information disclosed is not correct. 1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies17（7）知識(shí)產(chǎn)權(quán)信息披露內(nèi)容不明晰 The information disclosed is not clear.（8）知識(shí)產(chǎn)權(quán)信息披露細(xì)節(jié)不一致 The details of the information disclosed are not the sa

15、me.（9）知識(shí)產(chǎn)權(quán)信息披露用語(yǔ)不規(guī)范 Expressions used in information disclosure are not standard.1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies183、上市公司知識(shí)產(chǎn)權(quán)信息披露問題的成因 Reasons for the above problems（1）缺乏制度上的系統(tǒng)規(guī)范 Lack of systematic and standard mechanism沒有統(tǒng)一的知識(shí)產(chǎn)權(quán)信息披露標(biāo)準(zhǔn)指導(dǎo) Wi

16、thout uniform and standard guidance on information disclosure about intellectual property rights1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies19（2）出于利益考慮披露失當(dāng) Inappropriate disclosure in consideration of interests（3）對(duì)于知識(shí)產(chǎn)權(quán)不太了解 Not have a full understandi

17、ng of intellectual property （4）不認(rèn)為屬于重要的信息 Regarding intellectual property as unimportant information（5）相關(guān)機(jī)構(gòu)盡職調(diào)查不當(dāng) Improper due diligence of related institutions1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies204、上市公司知識(shí)產(chǎn)權(quán)信息披露不當(dāng)?shù)暮蠊?Outcomes of inappropriate

18、 information disclosure about intellectual property rights in listed companies（1）受到監(jiān)管機(jī)構(gòu)的監(jiān)督處罰 Be supervised and punished by regulator（2）影響上市公司的發(fā)行交易 Affect the issue of stocks and transactions of listed companies（3）影響或誤導(dǎo)投資人的知情與決策 Affect of mislead investors decisions（4）引發(fā)第三方的質(zhì)疑或投訴 Lead to the questions or complaints made by a third party1.2 上市公司知識(shí)產(chǎn)權(quán)的信息披露問題Information Disclosure of Intellectual Property Rights in Listed Companies211.3 上市公司面臨的知識(shí)產(chǎn)權(quán)煩惱IP Troubles that listed companies face1、侵權(quán)麻煩 Infringement troubles新大新材上市前夜宣布暫緩上市。 The night befor