What happened to ISO effort on standard for patent valuation?

Alan/Rex,

ISO New Work Item - Patent Valuation (text) which was proposed by DIN in 2007 and was based on DIN PAS 1070 (2007-02) General principles of proper patent valuation (in German, available for free download from DIN Publisher myBeuth).

The ISO new standard proposal was rejected in 2008 by Japan, Canada, Finland, Netherlands, Spain, South Africa, UK and USA (16 other countries was in favor of the standard). See a post in the IP finance blog and presentation "International Standards for the Valuation of IP" (Slide 16) by Timothy Cromley (CPA, ASA, US Patent Attorney, JP Morgan Chase Bank NA) at the international symposium on IP as Financial Assets (Polish Patent Office, Krakov, Poland, Sept. 2008).

According to the blog post, arguments against the new ISO standard on patent valuation included: "it is difficult to understand how the complexities of the subject matter can be mastered sufficiently to develop any useful standard", " standards development committee was not an appropriate forum for doing the kind of the work needed to develop and evaluate new patent valuation methodologies" and overlap in work with the International Accounting Standards Board (IASB).

Alex