Liquidation of Intellectual Property Assets during CIRP under the Insolvency and Bankruptcy Code

Introduction : Intellectual-property assets can represent a company’s most important source of value. Patents may protect commercially successful technology, trademarks may embody years of consumer goodwill, copyright may subsist in software and databases, and trade secrets may contain the operational knowledge necessary to compete. Unlike machinery or land, these assets are intangible and their value often depends on continuing commercial use. When a company enters corporate insolvency...