Business news from Ukraine

Business news from Ukraine

UKRAINE’S PARLIAMENT PASSES AT FIRST READING BILL ON REFORMING PATENT LEGISLATION

5 February , 2020  

Ukraine’s Verkhovna Rada has approved at first reading bill No. 2259 on reforming patent legislation. An Interfax-Ukraine correspondent has reported that the corresponding bill was supported by 369 MPs with the required 226 votes. “We already know that during the preparation of bill No. 2259 for second reading, we will hold extensive consultations on amendments to the so-called patent evergreening or secondary patents. We are talking about non-salts, isomers, new therapeutic solutions,” MP Roksolana Pidlasa (the Servant of the People parliamentary faction) said, presenting the document in parliament.
In addition, at an evening session on February 4, the Rada adopted bill No. 2258 on protecting intellectual property rights to trademarks and combating patent trolling with 350 supportive votes.
“Appealing fake patents is long, expensive and difficult, and the responsibility for trolling is almost symbolic. If someone uses your trademark or very similar to it, the copyright holder today has no opportunity of appealing this, except in court. And, unfortunately, such an appeal by the current judicial system is also long, expensive and complicated,” Pidlasa said.
The bill sets the list of grounds for refusal to register a trademark or industrial mark, provides for the opening of a database of applications for trademarks for pre-registration protection.
“Finally, we impose tough sanctions on violators of intellectual property rights, a fine of up to UAH 2 million. Together, these tools make the manipulation with trademarks and industrial designs very difficult, economically disadvantageous and risky,” Pidlasa said.

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