This section owes a great deal to Charles Bigelow (co-designer with Kris Holmes of the Lucida typeface family, among others), who has generously answered our many queries about fonts and the law around the world with remarkable patience and understanding. (But he is naturally not responsible for any errors here, much less our opinions.)
Fonts have always been treated rather strangely under the law, as befits their rather strange nature: letterforms are indivisibly both useful and artistic. In most countries--in all countries until recently--utility has taken precedence; i.e., it has been legal to copy fonts without permission or fee.
In any case, to the best of my knowledge, the situation in those countries which have adopted any sort of typeface protection is as follows:
Particular programs which instantiate a font can be copyrighted just as
any other computer program can. This is arguably wrong, since font
programs are nothing but a description of the shapes, possibly with some
simple hints, and there's only one basic way to describe the shapes in
any given language. Thus, the creativity lies in making the shape
right, not in making the computer program right, so it would seem that
to be consistent, the copyright laws should protect the design, not the
program--the opposite of the current situation.
In 1973 the international Vienna treaty on typeface design protection was proposed. France ratified it in 1974 or 1975, and Germany in 1981. The English law might constitute ratification, but this has not been settled. In any case, since at least four countries have to ratify it before it takes effect (and even then it takes effect only in those countries which ratify it), it is still of no consequence for now.