Princo Sentenced to Compensate Philips with Two Billion NT Dollars due to Patent Infringement
2016/11/11 TaiwanThe Intellectual Lawsuit between the major domestic CD-R company Princo Corporation and Koninklijke Philips Electronics N.V. never ceased in the past few years. Recently, the Intellectual Property Court ruled that Princo has to compensate Philips with around 2 billion NT dollars for their lost, as Princo used Philips’ Patent without their consent in 2002 to 2008. Princo can still file an appeal for this case.
Philips filed the Lawsuit with the Intellectual Property Court for infringement claim in 2009, stating that Princo continued to use their Patent without a renewed contract, therefore, claimed compensation for the duration from 2002 to June 10, 2008. In the verdict, the Court ruled that Princo Corporation, its affiliates, its Chairman of the Board Mr. Pi Liang Chiu and General Manager Sheng Chi must jointly share the liability for infringement compensation.
Princo Corporation was previously ruled by the Hsin-Chu District Court to compensate Philips with around NT 880 million dollars with 2% interest for delay of payment in August of 2008 for violating the Patent licensing agreement with Philips.
Organized and translated by James Tsai
International Affairs