MOSCOW, April 16 - RAPSI. Intellectual property regulations work for the benefit of large companies purchasing intellectual property rights and not authors, Supreme Commercial Court chairman Anton Ivanov said at a news conference dedicated to the upcoming Second International Legal Forum in St. Petersburg.
"Since the development of the fundamentals of intellectual property control, it has been distorted and finally made into the opposite of what it was designed for," he said. "Intellectual property regulation was supposed to protect the rights of authors - those who create innovations in various fields. However, this control somehow became standards aimed at protecting major companies that buy innovations for a song and then make large profits by selling them to others."
Ivanov said he believes it is possible to protect the interests of authors while refraining from giving advantages to companies that "just make money from using these regulations."