Arab Today, arab today china to raise fines for trademark infringement
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

China to raise fines for trademark infringement

Arab Today, arab today

Arab Today, arab today China to raise fines for trademark infringement

Beijing - XINHUA

China is expected to raise the compensation ceiling for trademark infringement to 3 million yuan (about 490,000 U.S. dollars), six times the current limit, lawmakers said Monday. In cases of infringement, compensation of up to 3 million yuan shall be paid to the holders of trademark rights, according to the draft amendment to the Trademark Law, tabled for a third reading at the ongoing bimonthly session of the Standing Committee of the National People\'s Congress (NPC), China\'s top legislature. The first draft amendment set the compensation ceiling at 1 million yuan, up from 500,000 yuan under the current law, while the second reading in June raised it to 2 million yuan. The move aims to better protect exclusive trademark rights and further crack down on infringement, said Xie Jingrong, deputy head of the NPC\'s law committee, at the session which runs Monday to Friday. China adopted its Trademark Law in 1982 and made amendments in 1993 and 2001. As of June 2012, China held the world\'s largest number of registered trademarks and valid trademark registrations, at 7.17 million and 6.09 million respectively, according to the most recent official statistics.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to raise fines for trademark infringement Arab Today, arab today china to raise fines for trademark infringement

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to raise fines for trademark infringement Arab Today, arab today china to raise fines for trademark infringement

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday