[Invest&law] Launch of Research Group for Establishing 'International Dispute Specialist' Special Court [Legal Community News]

Inaugural General Meeting of the 'International Dispute Resolution System Research Association' on the 2nd
First President Elected: Supreme Court Justice No Tae-ak

The court has officially launched a research group to promote the establishment of an 'Asia Special Court' specializing in international disputes related to commercial and intellectual property matters.

On the 2nd, the Supreme Court inaugurated the 'International Dispute Resolution System Research Association (Chairman: Justice Noh Tae-ak)' and held its inaugural general meeting. Justice Noh Tae-ak was elected as the first chairman. A total of 56 judges from courts nationwide participated in the establishment of the research association.

Attendees of the inaugural general meeting of the 'International Dispute Resolution System Research Association' are taking a commemorative photo.

In his opening remarks, Justice Noh stated, "The ultimate goal of the research association is to make Korea a preferred venue worldwide for resolving intellectual property disputes."

The background for founding the research association includes the recent trend of patent disputes being centered overseas rather than domestically. One example is the 2019 lawsuit filed by LG Chem against SK Innovation in the United States, alleging infringement of trade secrets related to electric vehicle batteries.

Countries around the world such as Germany, France, Japan, the Netherlands, China, Singapore, and Dubai have already launched new types of courts to efficiently handle international disputes. Notably, after long discussions, the Unified Patent Court (UPC) was established last year.

Reporter Park Su-yeon, Law Times

※This article is based on content supplied by Law Times.

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