Joff Wild’s Post

HUGE BREAKING NEWS - The European Commission has withdrawn the SEP Licensing Regulation on the basis that there is "no foreseeable agreement" on the legislation. Presumably more detail on the reasons behind the decision will emerge over the coming days. There had been substantial pushback on the proposals from a number of sources inside Europe, including major SEP holders such as Nokia and Ericsson, pool operators such as Sisvel, many UPC and national court judges, ETSI and a number of national governments. With so much else going on, the regulation was never going to be a priority so getting it over the line was looking increasingly like a tough ask - especially in the era of the Draghi report and a growing focus on reducing red tape, as well as increasing concerns around technology sovereignty and security. By the time it might have reached the implementation point, the market and courts were going to have moved so far on it would have been largely obsolete. The Commission has said that it will now consider making new proposals or taking an alternative approach. In a statement published by IAM this evening, Nokia said: "We share the European Commission’s goals for more transparent and efficient licensing of standard essential patents. However, the proposed regulation was flawed and would not have delivered on these objectives. Instead it would have had an adverse impact on the global innovation ecosystem, in particular the incentives for European companies to invest billions of euros each year in R&D, for European leadership in 5G and 6G and for Europe’s future competitiveness and resilience ... The Commission’s willingness to rethink its approach on this important topic is a positive step. Nokia is ready to engage constructively with the Commission and other stakeholders to deliver a fair and balanced framework for the licensing of SEPs that supports the continued development of global open standards." Full story here: https://lnkd.in/dXCYa5DV