s 52C Effect of award involving IPR
52C.—(1) This section applies if an award deciding an IPR dispute is made in arbitral proceedings.[23/2019] (2) The fact that a person is a third‑party licensee or third‑party holder of a security interest in respect of the IPR does not of itself make the person a person claiming through or under a party to the arbitral proceedings for the purposes of section 44(1).[23/2019] (3) However, subsection (2) does not affect any right or liability between a third‑party licensee or third‑party holder of a security interest and a party to the arbitral proceedings whether —(a) arising in contract; or (b) arising by operation of law.[23/2019] (4) In this section —“third‑party holder of a security interest”, in relation to an IPR in dispute in arbitral proceedings, means a person who —(a) is a holder of a security interest in respect of the IPR granted by a party to the arbitral proceedings; but (b) is not a party to the arbitral proceedings; “third‑party licensee”, in relation to an IPR in dispute in arbitral proceedings, means a person who —(a) is a licensee (whether or not an exclusive licensee) of the IPR under a licence granted by a party to the arbitral proceedings; but (b) is not a party to the arbitral proceedings.[23/2019]