UPC CFI CD Paris, 27 September 2024: security for costs - undisputed absence of assets

Suinno to provide security of € 300,000 for legal costs (Article 69(4) UPCA, R. 158 RoP). 

Undisputed that respondent’s business model is exclusively characterized by the enforcement of patents, namely the patent-in-suit, and asserting corresponding license claims; respondent does not generate sufficient income or other cash flow and no equity capital at all, does not maintain any other business, let alone has any physical assets, and does not even have an own office space.

IPPT20240927, UPC CFI, CD Paris, Microsoft v Suinno