IP leaders in government and business spheres recently signed a memorandum of understanding (MoU) to counter piracy and counterfeiting on e-commerce platforms in the Philippines. The MoU seeks to establish codes of best practice among online retailers to curb online IP infringement via self-regulation. This development should reinforce confidence in the Philippine IP market and assure investors that strict enforcement measures are in place to deter potential online infringement.
As a result of the COVID-19 crisis, the IP regimes of multiple jurisdictions around the world have been forced to spring into action to increase their capabilities to provide online services, concerning both contentious and non-contentious aspects of IP matters. The Intellectual Property Office of the Philippines has proven itself to be no slouch in this global race for the modernisation of legal services.