Continuing the dictum of revamping the intellectual property regulations in Myanmar, on 11 March 2019, the Patent Law was passed by the Myanmar Parliament (Pyidaungsu Hluttaw Law No.7/2019). This announcement comes in almost about one and half month after the promulgation of the Trademark Law and Industrial Design Law passed.
The Patent Law is yet to come into effect, and the same shall be effective once the notification is made by the President. The practice in relation to getting the law into effect is same as was followed for the Registration Law and the Myanmar Companies Law.
Further rules and regulations are purported to be jointly formulated by the Ministry of Commerce and the relevant Ministry of Information, Ministry of Industry, Ministry of Agriculture Livestock and Irrigation, Ministry of Education, Union General Attorney Office, Agency and the relevant departments.
The recent development towards building a strong intellectual property regime, shall certainly be helpful in escalating investments, considering the steady protection to the intellectual property rights in Myanmar.
Through our office in Yangon, Duane Morris & Selvam advises corporations on investment, business and regulatory processes in Myanmar. For further information, please contact Mr Krishna Ramachandra (kramachandra@duanemorrisselvam.com), Mr Priyank Srivastava (psrivastava@duanemorrisselvam.com), or Mr CN Beilo (CBLo@selvamandpartners.com) or visit www.duanemorrisselvam.com. Duane Morris & Selvam is recognized as a leading law firm for Myanmar related Corporate, M&A and Projects (including Energy) work – The Legal 500 (2017 & 2018).
