INPI PRIORITIZES ANALYSIS OF TRADEMARKS RELATED TO BRAZILIAN CULTURAL ACTIVITIES
As a way of encouraging the protection of intellectual property rights related to cultural activities, the Brazilian Patent and Trademark Office (“BPTO”) launched a pilot project to prioritize the analysis of trademarks related to Brazilian cultural expressions registered at the National Historic and Artistic Patrimony Institute (IPHAN), such as capoeira, frevo, cordel literature, and forró.
The initiative was proposed by several government departments, the Ministry of Tourism and IPHAN and aims to promote regional and national culture to favor economic and social gains for Brazil.
To learn more about the initiative, access INPI Ordinance No. 57 through the link
BRAZILIAN PTO PUBLISHES A COLLECTION OF DECISIONS ON TRADEMARKS AND INDUSTRIAL DESIGNS
The Brazilian Patent and Trademark Office (“BPTO”) published a collection of appeals decisions on trademarks and industrial designs to consolidate the case law of the matter.
The collection was prepared with an easy-to-understand wording to reach all the public involved with industrial property, allowing them to understand the technical criteria established by the BPTO in their decisions of registration requests in different scenarios.
To access the collection of decisions, click on the link
FOREIGN EXCHANGE REFORM ADOPTS NEW RULES FOR PAYMENT OF ROYALTIES ABROAD
Law 14,286/2021, enacted at the end of last year and which will enter into force on December 30, 2022, brings several changes to the Brazilian foreign exchange market, foreign capital in the country and the provision of information to the Brazilian Central Bank.
Within the scope, some provisions of the Law modified the rules for remittance of royalties abroad, which now allow, for example, the remittance of royalties between Brazilian branches and the headquarters abroad in an amount greater than the tax deductibility, a practice not allowed by the old legal wording.
Another innovation is the removal of the obligation to register agreements with the Brazilian Central Bank to enable the tax deduction of remittances as royalties. Such agreements must still be registered at the Brazilian Patent and Trademark Office.
To access the full content of the Law, click on the link