On September 2, 2021, the Hainan Provincial Intellectual Property Office released the draft Interim Measures for Reporting and Rewarding Major Intellectual Property Violations in the Field of Market Supervision in Hainan Province (海南省市场监管领域知识产权重大违法行为举报奖励暂行办法) for comment. The Measures provide rewards of up to 1 million RMB (~$155 thousand USD) for reporting intellectual property infringement including of patents, trademarks, trade secrets, geographical indicators, integrated circuit layouts, etc. The infringement must be serious enough to qualify as a crime or subject to heavy fines.
Category: Uncategorized
China To Reduce Stamp Tax on Intellectual Property Transactions
On June 10, 2021, the National People’s Congress (NPC) passed the Stamp Duty Law of the People’s Republic of China (中华人民共和国印花税法) effective July 1, 2022. The Law refers to the taxes collected for various certificates that are registered in transactions in China. The name originates from the use of tax stamps pasted on the corresponding tax vouchers. While usually thought of in respect to securities sales, the stamp tax also applies to intellectual property transactions and patent grants, which will …
USPTO Updates China IPR Toolkit
From the USPTO: The United States Patent and Trademark Office (USPTO) recently updated the China Intellectual Property Rights (IPR) toolkit to reflect the recent changes made to China’s intellectual property (IP)-related laws and government structure. Originally published in October 2019, the toolkit provides general guidance for businesses and practitioners in better understanding the basics of the IP landscape in China. Published in May 2021, the updated China IPR toolkit highlights the differences between the U.S. and Chinese IP rights legal systems. The USPTO is one …
Office of the United States Trade Representative (USTR) Released its Annual Special 301 Report Maintaining China on the Priority Watchlist
On April 30, 2021, the Office of the United States Trade Representative (USTR) released its annual Special 301 Report on the adequacy and effectiveness of U.S. trading partners’ protection and enforcement of intellectual property rights. The USTR maintained China on the priority watch list of countries, along with eight other countries, which “indicates that particular problems exist in that country with respect to intellectual property protection, enforcement, or market access for U.S. persons relying on intellectual property. ” In general, …