The recent judgment of Birss J considered in detail how to set Frand royalty rates for a portfolio of standard essential patents (sePs). In line with the approach of both valuation experts, Birss J applied the two most common valuation methods for Frand royalties; he chose comparables as his primary method and relied on the “top down” approach as a cross-check. In this briefing note, the FTI team comment on the Judge’s findings on both methods, from a valuation perspective.
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Authors:
- Mark Bezant
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Segment:
- Economic & Financial Consulting
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Asset type:
- Case Study
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Industry:
- Telecom, Media & Technology (TMT)
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Topic:
- Valuations & Disputes
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Country:
- UK
Date published:
- May, 2017