G20 Envisions World IP Court; WIPO Hopeful Host (IP Watch)

[Drew Wilson]

LONDON—Leaders of the world’s largest economies struck a closed-door deal late Tuesday to create an international court for intellectual property litigation in a move sources said they deemed a contribution to the global economy.

The agreement in principle, to be a centrepiece of the upcoming Group of 20 summit in London, has long been romanticised by some in the legal profession and signifies the arrival of intellectual property assets at the diplomatic table.

“It’s a hard-won coming of age for our once-humble IPRs,” said trusted confidant Chad R. Boxe. “The belle at the ball just can’t be shy any longer about her rightful place in the economic aristocracy.”

The so-called World Intellectual Property Litigation Court would be established by 2012, according to a copy of the communiqué obtained by Intellectual Property Watch. The idea for a global court arose at the UN World Intellectual Property Organization, according to sources at the highly regarded blogs IPKat and IP Think Tank. WIPO specialises in arbitration and mediation services as well as overseeing several key international treaties on aspects of IP rights such as the Patent Cooperation Treaty.

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I hope this is an April fools joke.

[1cooldude]

is it just me or do the walls seem to be closing in?

[Drew Wilson]

Update: Got me - this must be an April Fool's joke.

Heheheh.