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.

Malaysia

In December 2021, the Malaysian House of Representatives passed the Patent Amendment Bill, which allowed the country to join the Budapest Treaty. Under the agreement, biotechnology innovators seeking patent protection can deposit micro-organisms with one of the designated International Depositary Authorities. The bill introduces additional fees for applications with more...

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In December 2021, the Malaysian House of Representatives passed the Patent Amendment Bill, which allowed the country to join the Budapest Treaty. Under the agreement, biotechnology innovators seeking patent protection can deposit micro-organisms with one of the designated International Depositary Authorities. The bill introduces additional fees for applications with more than 10 claims. In the Global Innovation Index 2021, Malaysia ranks 36th out of 132 countries, having dropped two spots. Further, it is the third most innovative among 34 upper-middle income economies, having dropped one place. The local patent scene is rebounding gradually from the impact of covid-19, with the established players noticing a higher number of patent litigations. While the Intellectual Property Corporation of Malaysia (MyIPO) has noted an uptick in foreign patent applications compared to 2020, local filings are taking longer to return to pre-pandemic standards.

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