IAM Patent 1000 2022

Patents are essential business commodities and knowing how to obtain, enforce and monetise them has become mission critical. The IAM Patent 1000 has firmly established itself as the definitive ‘go-to’ resource for those seeking to identify world-class, private practice patent expertise.

Indonesia

Despite the pandemic, established players in the Indonesian market are enjoying a booming business and increased activity in patent filings. However, there may be a storm brewing, as controversy continues to grow following the ratification of the Job Creation Bill – also known as the Omnibus Law – in October...

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Despite the pandemic, established players in the Indonesian market are enjoying a booming business and increased activity in patent filings. However, there may be a storm brewing, as controversy continues to grow following the ratification of the Job Creation Bill – also known as the Omnibus Law – in October 2020. The bill was a groundbreaking reform, which intended to boost foreign investment, reduce the red tape in Indonesian proceedings and create millions of new jobs to bolster the economy. One article simplified the much-debated patent ‘working requirements’, broadening the definition to benefit foreign patent holders and help them avoid compulsory licensing. The enactment of the bill sparked protests among workers and trade unions, who saw it as destabilising their livelihood for foreign benefit. There were calls for the bill to be withdrawn entirely, and a group of petitioners submitted an anti-bill petition to the Indonesian constitutional court. In December 2021, the court ruled in a five-to-four decision that the bill was conditionally unconstitutional and ordered the government to amend it within two years. As such, the Omnibus Law will remain in force until November 2023.

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