China’s New trademark Law from May 1, 2014

China would enforce new trademark law on May 1, 2014 that would aim to streamline and modernize the process. Not only this, law also ensures minimization of counterfeiting and squatting by the perpetrators. The new law would bring changes in all the procedural aspects related to trademark like filing, examination, prosecution and enforcement of trademarks. …

Dedicated IP Courts to Improve China’s IP Image Worldwide

A new court would be set up to take care of IP matters in China. In order to make IP application and protection more efficient the proposal was given as a part of policy reform plan that was outlined by China’s President Xi Jinpeng and communist party on November 15, 2013. The proposal was a part of 60-point plan under “The decision on Major issues …

BYD awarded China’s Emerging Leader in Innovations by WIPO-SIPO

BYD company Ltd, specialist in Battery technology in China was awarded 2013 WIPO-SIPO “Outstanding Patent Innovation and Industrial Design” medal. The company is also recognized as the most innovative company of China. BYD also received Award of Excellence from China’s Patent Association for its patent for Electric Vehicle Batteries. BYD, established …

China’s New Payment Rules Relaxed Onshore Payors

Earlier completing foreign exchange payments was very time consuming in Chinese banks as a part of intellectual agreement or technology because it required many registrations with Local Ministry of Commerce (MOFCOM) and Patent office or trademark office. This either delayed payment or made the payments impossible. Therefore to overcome this problem …