Trademark Bill Submitted to Parliament Introducing Heavy Fines for Counterfeit Goods

A new Trademark Bill has been submitted to Parliament by Ahmed Zahir, the representative for Maduvvari constituency, introducing a comprehensive framework for trademark registration and enforcement, including fines of up to MVR 2 million for selling counterfeit goods.

The bill establishes a trademark registration system valid for 10 years, with an option to renew for an additional 10 years. It outlines the rights of trademark owners and procedures to address violations, including court powers to issue temporary orders to prevent infringement or preserve evidence.

A key provision in the bill prohibits the manufacturing, importing, selling, and exporting of counterfeit goods in the Maldives. Violators face fines ranging from MVR 100,000 to MVR 2,000,000.

Following ratification, existing registered trademarks will have 12 months to re-register; failure to do so will result in cancellation. The new law will take effect 12 months after ratification.

The bill aims to strengthen intellectual property rights protection and combat the proliferation of counterfeit products in the country.