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Singapore: Law Ministry Forms Two Sub-committees to Recommend IP Strategies
Source: channelnewsasia.com
Source Date: Monday, June 04, 2012
Focus: Institution and HR Management
Country: Singapore
Created: Jun 12, 2012

SINGAPORE: The Law Ministry has set up two sub-committees to recommend strategies to develop Singapore as an intellectual property (IP) hub.

The two sub-committees will support the steering committee which was formed earlier.

The IP steering committee, chaired by Mr Teo Ming Kian, Chairman of MediaCorp, will formulate the IP Hub Master Plan to guide Singapore's development as an IP hub.

The two sub-committees will focus on developing a vibrant marketplace for IP transaction and commercialisation, and building world-class IP capabilities and infrastructure.

The first sub-committee, co-chaired by Mr Magnus Bocker, Singapore Exchange CEO and Mr Viktor Cheng, Deputy Chief Executive (Infrastructure and Capability Development Group / Corporate Services Group), Intellectual Property Office of Singapore.

Its term of reference include coming up with strategies to build a vibrant marketplace in Asia for the transaction and commercialisation of IP and facilitate and encourage greater IP exploitation by companies.

The second sub-committee is co-chaired by Dr Stanley Lai, head of Intellectual Property Practice at law firm Allen &
Gledhill and Ms Danielle Yeow, Deputy Chief Executive (Registries Group / Legal Policy & International Affairs Department), Intellectual Property Office of Singapore.

It aims to recommend ways to expand and deepen the expertise of Singapore's IP professionals and practitioners in strategic areas of the IP services sector.

It will also explore how to enhance Singapore's IP infrastructure, including dispute resolution capabilities, to facilitate the protection and registration of IP in global markets, as well as promote excellence in IP research and thought leadership.

The steering committee is calling for feedback and suggestions from IP owners, practitioners and the industry.

You can send your feedback to the Law Ministry by 31 August via email MLAW_Consultation@mlaw.gov.sg or by post/fax to:

Intellectual Property Policy Division
Ministry of Law
100 High Street
#08-02, The Treasury
Singapore 179434
Fax: 6332 8842>

The steering committee aims to finalise and submit its recommendations to the government by early 2013.
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