Cyprus Introduces New Legal Framework for Combatting Counterfeit Goods

The marketing of goods infringing intellectual property rights (IPR) causes considerable damage to IPR holders, licensees and law-abiding manufacturers and traders. On the premise that such goods should, so far as possible, be kept off the European Union markets, the European Union has promulgated measures to deal with such unlawful marketing that would, at the same time, protect the efficiency of legitimate trade. In view of the above developments in the EU, Cyprus government has adopted the New Regulation, through the provisions of the newly enacted law 61(I) of 2018 (the “Cyprus Law”).