Bombay High Court Rejects Plea To Restrain Serum Institute Of India From Using COVISHIELD Trademark
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The Bombay High Court on Tuesday refused to grant interim relief to pharmaceutical company Cutis Biotech and restrain Serum Institute of India (SII) from using the trademark Covishield, for its coronavirus vaccine.
A division bench of
Justices Nitin Jamdar and C. V. Bhadang said that the Nanded civil court s order, refusing Cutis an injunction against Serum Institute was not arbitrary or perverse warranting the HC s intervention.
The bench added that restraining SII from temporarily using the trademark would have
large-scale ramifications
IP as a tool for economic growth in Nigeria inventa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inventa.com Daily Mail and Mail on Sunday newspapers.
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Over the years, concrete efforts have been made to develop Nigeria s indigenous IP regime. The earliest attempt at developing Nigeria’s IP dates to post-independence Nigeria. However, these various attempts have not been fruitful as Nigeria has failed to fully exploit the benefits that could be accrued from proper management and protection of Intellectual Property Rights in the country. The current economic and trade conditions in the world is susceptible to change, therefore requiring constant improvement to ensure economic development. These conditions will stimulate innovation and improvements in Nigeria’s technology, designs, and other tangible and intangible assets. It will also create incentives for Nigerians to invent continuously by providing some form of compensation and guarantee that innovations will be credited to the true inventors. This can only be achievable through the promotion of intellectual property rights and provisions of competent IP
In the recent case of Piyush Ranipa v. State of Maharashtra, the Bombay High Court was faced with a question of law on whether offenses under the Copyright Act and the Trade Marks Act are non-bailable offenses.
Centre Promulgates Tribunals Reforms Ordinance, 2021
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The Central Government has notified the Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021, to dissolve certain existing appellate bodies and transfer their functions to other existing judicial bodies.
Whereas a Bill to the above effect as introduced in the Lok Sabha during the Budget Session 2021, it could not be taken up for consideration and passing. Hence, the Centre has introduced the instant Ordinance in exercise of its powers under Article 123 of the Constitution, to the following effect:
Amendments to the Finance Act, 2017
Section 184 of the Finance Act, 2017 empowers Central Government to make rules for qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of Members of Tribunals.