Court says UOB infringed patent, but rejects bulk of remedial claims

Singapore

IT was "a long-running one, spanning close to 12 years and leaving a number of written judgments in its wake", said Judge of Appeal Tay Yong Kwang of the case that saw Singapore's United Overseas Bank (UOB) and one of the bank's vendors sued for millions of dollars over patent infringement.

While the Singapore bank was found to have infringed the patent of a currency conversion system, it escaped the full extent of the claims levelled against it.

The long-running suit was brought by Irish currency conversion prov…