Economic development increasingly depends to a large extent on
innovation. Innovation is generally covered by intellectual property
(IP) rights and usually requires extensive funding. This book focuses on
IP and debt financing as a tool to meet this demand. This book clarifies
the situation of the use of IP as collateral in practice through a
survey conducted in Japan on IP and debt financing. Various obstacles in
the proper use IP and debt financing are identified, and some projects
to facilitate its use are illustrated. IP and debt on a global scale,
either by attracting foreign lenders or by collateralizing foreign IP
rights, needs appropriate private international laws. This book analyzes
such regulations in which the United Nations Commission on International
Trade Law (UNCITRAL) has worked, paying due attention to the law of
finance and insolvency law, as well as IP laws. However, further
analysis is needed to identify under what conditions such solutions
would show optimal effects. This book offers comprehensive analysis from
an economic point of view.