With our social media feed flooded with so much anti Trans-Pacific Partnership (TPP) literature attacking this contentious trade agreement in recent months, it can be extremely tempting to jump onto the anti-TPP bandwagon. The most highly contested component of the TPP is no doubt its intellectual property chapter. But how will this highly debated chapter affect the intellectual property protection regime in Malaysia?
Before we proceed, it should be highlighted that while some legislative changes are anticipated following Malaysia’s ratification of the TPP on 28 January 2016, many of the provisions of the intellectual property chapter of the TPP are consistent with the existing intellectual property legislative framework in Malaysia.
The four major legislative implications are as follows:
After my earlier introduction and summary of the new Companies Bill, I will be writing a series of articles on the new Companies Bill. I aim to release an article every few weeks or so, touching on the different areas of the new law. For ease of reference, I will continue to refer to it as the Companies Bill and insert the clause references in brackets.
I kick off this series by focusing on 3 things existing companies should already look out for under the Companies Bill. While the Companies Bill may only come into force in the next 6-12 months or so, I highlight 3 areas companies should start preparing for right now.
In summary, these 3 areas are:
Your existing Memorandum and Articles of Association: Do you need to fine-tune the provisions?
The new law will shift to a no-par value regime: Impact on your existing share premium account.
Putting in place checklists and guidelines for the new internal processes.
This is the first guest post (which should be the first of many!) by IP legal expert Esther Wee.
Good news! To all those out there who are looking for funding specifically to apply for Intellectual Property Rights (IPRs), your prayers and wishes have just come true!
As part of their ongoing efforts to increase IP awareness and registration in Malaysia, the Intellectual Property Corporation Malaysia (MyIPO) has recently set aside some funds to help and encourage the public to register their IPRs. For successful applicants, MyIPO will cover the set of official fees for the registration and as for patents, MyIPO will even cover the fees of the appointed patent agent.
With the rapid spread of pro bono beyond traditional strongholds such as the US, Australia, South Africa and the UK, there is growing demand for an international platform that maps trends in pro bono and tracks the level of pro bono engagement across the globe.