Credit: Panchenko Vladimir/Shutterstock Intellectual Property in Russia: Protect Your Rights
In addition to what is seen on the news, Russia's invasion of Ukraine has resulted in other consequences such as the intellectual property rights of brands which have been operating in Russia and have now ceased operations there indefinitely. This article discusses the current legal status and the best strategy for intellectual property owners.
September 29, 2022 at 10:00 AM
8 minute read
Intellectual Property
Russia's invasion of Ukraine has caused chaos throughout the world and heartbreaking death and suffering. In today's global economy, the war has also resulted in consequences and instability in other areas beyond what is seen on the daily news. With sanctions from most Western countries and Russia's own actions internally, global brands may have a difficult time enforcing their intellectual property rights in Russia and may also be in danger of losing those rights altogether.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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