Contemporary Problems Faced by Intellectual Property Right Holders: Comparative Study of EU and Sout

Contemporary Problems Faced by Intellectual Property Right Holders: Comparative Study of EU and South Asia

Aneira Pereira & Srinidhi Gautam, Our Own English, Sharjah

ABSTRACT

This paper aims to provide a comparative study of the problems faced by Intellectual Property Right holders in the EU and South Asia. A concept like intellectual property rights may seem to be international in nature or transcend physical barriers. But upon careful research and reviewing, we were able to find varying problems that intellectual property rights holders face in different countries. For this paper, we have reviewed the problems facing intellectual property right holders in three countries in the EU: Britain, Ireland, and Germany, and three countries in South Asia: Singapore, India, and China. In the EU, Britain has a system of Intellectual property rights that are unfortunately weakly enforced. Thus problems like counterfeiting, piracy, and weak laws pose a threat to Intellectual property rights in the United Kingdom of Great Britain. The United Kingdom of Great Britain however has taken steps to curb such problems like introducing Individual litigation, Volume litigation, shutting down and blocking pirate sites, and the Digital Economy Act. Ireland and Germany share a similar position: both countries are plagued with online Intellectual property scams. In the case of South Asia, Singapore has been a Pioneer in intellectual property rights and introduced many initiatives to encourage the registration of Intellectual property. India has a weak implementation of laws that often do not protect all Intellectual Property rights. Its corrective measures are the implementation of more strongly enforced laws. China has been one of the few countries that have recognized problems faced by Intellectual property rights and have also implemented laws and policies to fix the same.

A common theme found regarding the problem facing Intellectual Property Rights would be counterfeiting and sometimes copyright and Trademark piracy. This paper will leave the reader with a clear idea of how each country's law, policies, and culture affect international business and globalization.