IAM Patent 1000 2021

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.

Malaysia

Malaysia has been doing well on the innovation front – its ranking on the Global Innovation Index 2020 rose two spots to 33 and it is now the second most innovative among 37 upper middle-income economies, trailing behind China. The Malaysian Intellectual Property Office (MyIPO) also continues to record significant...

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Malaysia has been doing well on the innovation front – its ranking on the Global Innovation Index 2020 rose two spots to 33 and it is now the second most innovative among 37 upper middle-income economies, trailing behind China. The Malaysian Intellectual Property Office (MyIPO) also continues to record significant success with its patent prosecution highway programmes, which were first introduced in 2014 to expedite prosecution based on favourable examination results from four foreign patent offices (those of Japan, Europe, China and South Korea). The programmes have proved popular with foreign clients, given their ease of use and lower costs. However, local practitioners report that the patent scene has been hit hard by covid-19. Incoming filing volume has fallen and court proceedings have slowed. According to MyIPO’s statistics, foreign patent applications dropped by 20% to a little over 5,200 in 2020, even as there was a slight increase in PCT applications and the number of granted applications exploded by 75% to more than 7,300. Proposed amendments to patent laws have also taken a backseat as all attention is focused on the pandemic.

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