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.
February 13, 2019
Last year, Indonesia’s Directorate General of Intellectual Property (DGIP) announced a six-month deadline for all patent holders to settle their unpaid annuities, with those who failed to meet the deadline facing potential refusal of any future applications that they might make. In a recent announcement, the DGIP extended that deadline by an additional six months—from February 16, 2019, to August 17, 2019.