"Christoph Schoeller. Along with top German patent litigator Bernard Frohwitter and the US-based hedge fund Fortress, Schoeller is a part-owner of IP-Com, an NPE currently seeking $12 billion from Nokia in a patent dispute being heard in Germany. Although IP-Com denies it is a troll, it does not practise the patents in question, which it acquired from Bosch back in 2007. Whatever the semantics of the words involved, Schoeller and IP-Com have shown that the US does not have to be the only part of the world in which NPEs/trolls can thrive. Although the model may not be exactly the same because punitive damages do not exist, there are opportunities for NPEs in Germany, where the permanent injunction is still widely available to a winning plaintiff in a patent dispute. After all, an injunction covering Europe’s most populous and prosperous country is a very powerful negotiating weapon, is it not? If IP-Com is successful against Nokia, expect more of the same from other market entrants."