World Trademark Review 1000 2021

The World’s Leading Trademark Professionals - a unique guide that identifies the top trademark professionals in key jurisdictions around the globe. The WTR 1000 focuses exclusively on trademark practice and has firmly established itself as the definitive ‘go-to’ resource for those seeking world-class legal trademark expertise.

Cyprus

The main headline in the Cypriot IP community is the forthcoming Trademark Act, which will transpose the EU Trademark Directive into national law. Although its implementation has been delayed, there is good news from the House of Representatives, which recently voted in favour of the new legislation. Practitioners and brand...

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The main headline in the Cypriot IP community is the forthcoming Trademark Act, which will transpose the EU Trademark Directive into national law. Although its implementation has been delayed, there is good news from the House of Representatives, which recently voted in favour of the new legislation. Practitioners and brand owners can look forward to several significant changes, including the introduction of a multi-class system, reduced fees and a lot less paperwork. In addition, rights holders can expect quicker timelines for opposition, cancellation and revocation proceedings, which should accelerate an otherwise lengthy process. Although covid-19 has caused considerable economic setbacks, President Nicos Anastasiades has put in place a 10-point plan to help revive the country’s fortunes. This includes a hefty stimulus package which should inject about 6% of GDP back into the economy, putting Cyprus high on the list for those seeking out new markets in which to do business.

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