CERTYNEX IFRS ACADEMY

Ostravel has developed unpatented technical know-how for treating alloys. Its engineers are bound by a legal duty of confidentiality, the breach of which is sanctioned. From the sole standpoint of control, does Ostravel control the future economic benefits expected from this know-how?

No, because only a registered patent can give control over technical knowledge.

Yes, because the employees' legal duty of confidentiality protects the know-how and allows access by others to be restricted.

Yes, because Ostravel trained its engineers itself, which ensures lasting command of their technical skills.

No, because control always requires a registered ownership right over the asset itself, enforceable against all third parties.