The first weekend of September, the first weekend after the summer holidays: there is no better time to reflect on what happened at the beginning of the Summer!
For Fusion Partners that means going back to our launch event in which we presented our brand new ambitions. More importantly we hosted an event that allowed Jonathan Holslag, Philippe Snel and Peter De Keyzer to give their opinion on the prospects of a company that will be building bridges between Europe and China.
In the next 4 to 5 weeks, I will highlight one such opinion that stuck with me from that memorable evening. As a kick-off theme, I chose Philippe’s expert opinion on the protection of intellectual property (IP) in China. Philippe’s view was incredibly clear from the get-go when he stated that “In 2019, there is no intellectual property problem in China.” He elaborated that he acknowledges that problems did exist fundamentally in the past and there was a very recent 200-page publication by the US Commerce department on intellectual property issues and unwanted IP transfers to China. From his decade-long experience and having studied the report, he admits there are disbalances in contracts, but “they are part of contracts that are agreed upon by two willing parties concluded from needs on both sides. ”
Moving on to a conclusion, Philippe stated in 2019 it is very feasible to build an entry strategy when bringing IP across to China that is sufficiently protected. That strategy is not the same as in Europe or the US and certainly involves clear expert advice from competent legal counselors, but it can be done. Upfront support from the Chinese authorities is key in this approach if protection is sought in case of discussions afterwards. But the evolution is clear: if built carefully, the Chinese authorities have every reason to protect international legal property to continue on their growth path.
As always, reactions on the above are very welcome!