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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on June 30, 2023

    Featured image for article about Top Stories

    AutoStore to appeal London high court loss to Ocado in patent feud

    LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March which dismissed its patent infringement claims against British online supermarket and technology group Ocado.

    The two pioneers in warehouse storage technology have faced off in multiple jurisdictions around the world to protect their intellectual property. Ocado, like AutoStore, licences its technology to retailers around the world and uses it for its British grocery delivery service.

    Judge Richard Hacon ruled in March that Oslo-listed AutoStore’s patents in the case were invalid and, in any event, London-listed Ocado did not infringe them.

    He issued his formal order on Thursday, but allowed AutoStore to appeal.

    “We can confirm AutoStore has today been granted permission to appeal the High Court decision in March 2023 regarding our UK case against Ocado for patent infringement and we will now pursue that appeal,” an AutoStore spokesperson said.

    Judge Hacon also ordered AutoStore to pay Ocado 6.7 million pounds ($8.5 million) in costs in relation to the high court trial. Final payments will, however, be subject to the outcome of the appeal.

    “We have been consistent from the outset of the dispute, that we do not infringe any valid AutoStore rights in the UK or elsewhere,” said an Ocado spokesperson.

    “We are glad that the appropriately high costs order in this case reflects the extent to which we were successful at trial, and the time wasted on the number of issues abandoned by AutoStore shortly before trial.”

    Shares in Ocado surged as much as 47% last Thursday after the Times newspaper reported possible takeover interest from Amazon.com Inc. The stock has fallen since.
    ($1 = 0.7928 pounds)

    (Reporting by James Davey; Editing by Richard Chang)

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