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.
March 6, 2019
After more than three years of deliberation and consultation with multiple stakeholders and industry experts, Myanmar’s new Science, Technology and Innovation Law (No. 22/2018) (the Law) was finally enacted into law on June 25, 2018. The Law, which repealed the old Science and Technology Development Law (No. 5/1994), is set to introduce substantial changes to collaborative innovation practices in the country.