Category: IP and Trade Practices

Software patents

Last week, 31 March, the US Supreme Court heard oral argument on the question whether Alice Corporation can patent its software system for a method of payment: Alice Corporation Pty. Ltd. v. CLS Bank International, Supreme Court Docket No 13-298 (2014). Several patents and claims are in issue, all relating to a computerized trading platform used for conducting financial transactions in which a third party settles obligations between a first and a second party so as to eliminate “counterparty” or “settlement” risk. The issue is whether what Alice Corporation is claiming is even patent-eligible subject matter (let alone knew or inventive). In Australia, the corresponding question is whether what is claimed is “a manner of manufacture”.