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Proposed changes to Singapore’s customs regime could aid counterfeiters “looking for enforcement gaps” (Blog)
Time is running out for rights holders to have their say on proposed changes to the Singaporean customs regime. Designed to increase the country’s attractiveness as a transshipment hub, one industry expert has warned that the proposed amendments to the Customs Act could have the opposite effect, and create enforcement gaps that could be exploited by those engaged in counterfeiting and other illicit activities.
The Intellectual Property Office of Singapore has issued a release revealing the country’s first approved loan using intellectual property as collateral. While leveraged on a patent, of more interest to our readers will be the news that the lending scheme will shortly be extended to trademarks.
This week World Trademark Review was the first media outlet to receive a sneak preview of the Intellectual Property Office of Singapore’s (IPOS) new service centre, which opens next month and is designed to serve both IP novices and experts. To attract the former, it has placed an emphasis on artistic creation and will use art installations, band performances and photography exhibits to entice the public to learn more.
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