News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 14 years ago
Rediff.com  » Business » Singapore to host property dispute regional centre

Singapore to host property dispute regional centre

Source: PTI
July 29, 2009 12:49 IST
Get Rediff News in your Inbox:

SingaporeAsia's first centre for dealing with disputes related to intellectual property including trademarks, copyright and patent issues will open in Singapore, the UN has said.

An agreement signed by World Intellectual Property Organisation and the Singaporean Government will pave the way for training and advice on procedures and provide a dedicated dispute resolution facility in the region, according to a joint communiqué issued yesterday at the UN headquarters in New York.

The new centre is designed to complement the mediation work carried out by WIPO's Geneva office, which was set up in 1994 and has handled a caseload of over 30,000 disputes since then with the amounts in dispute ranging from tens of thousands to hundreds of millions of dollars.

According to the joint statement, any parties may avail themselves of the dispute resolution procedures offered by the centre, regardless of nationality or domicile. They may be held anywhere in the world, in any language and under any law chosen by the parties.

"WIPO's expertise in arbitration and mediation will be applied to the specific needs of the film sector," said Francis Gurry, director-general of WIPO.

"This will dovetail with our efforts to achieve a conducive environment for the creation, anchoring and exploitation of media assets and intellectual property," he added.

Given the rapidly expanding needs of the Asian film industry and corporate and technology sectors, Singapore's role as an arbitration and legal hub for the intellectual property field made it an optimal location for this initiative, WIPO noted.

Of the many disputes submitted to the centre, disputes over registration of domain names constitute a large proportion of cases.

WIPO is venturing into new territory in exploring what may constitute copyright infringement in the age of social networking, holding workshops and maintaining discussion boards on such vexing issues as whether 'tweeting' is protected by copyright.

Image: Singapore

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!