Intellectual property rights owners are increasingly feeling the pressure from the counterfeit goods that are invading the global market. Societies worldwide also suffer, as countless people are either slaves to these criminal black marketers or victims of their faulty products. The second part of this two-part feature takes a look at some of the economic and social problems posed by counterfeiting and other IP rights violations.
May 9, 2019
Myanmar has finally enacted its long-awaited Trademark Law and Industrial Design Law on January 30, 2019, and its Patent Law was also signed into law on March 11, 2019. The Copyright Bill is expected to be enacted into law soon. A summary of the provisions of the new Trademark Law, Industrial Designs Law and Patent Law is provided below:Trademark Law