Starbucks brings Starbung to Tears
Damrong Maslae, owner of the Thai roadside coffee stall known as “Starbung Coffee” has finally agreed to drop the name after being hauled to court by world famous coffee-chain, Starbucks.
Initially ignoring a cease-and-desist letter and then refusing to comply with a court injunction, Damrong earlier stated that he was prepared to fight the coffee giant to the bitter end.
However, it seems as though he has changed his mind, recently agreeing to an out-of-court settlement where Starbucks would drop its compensation demand of 300,000 baht (+7.5% interest per annum) in addition to 30,000 baht monthly in legal fees, and in exchange Damrong would put an end to the use of his green and white circular “Starbung Coffee” logo.
Damrong has since changed the name of his coffee stall to “Bung’s Tears”.
Read more at www.bangkokpost.com
Patents Act Amendments in force beginning 11th January 2014
The Intellectual Property Office of Singapore (IPOS) will be implementing several amendments to the Patents Act, effective 11th January 2014, with a couple of the noteworthy changes being:
q The shift from the “self-assessment” system to a “positive grant” system
q Foreign-qualified patent agents will be allowed to register with IPOS, thus enabling the agents to undertake offshore patent agency work
Singapore has recently been ranked the top country in Asia for IP protection by the World Economic Forum (WEF) and with these amendments, intended to further strengthen and encourage the growth of Singapore’s patent system, the country is well on its path to becoming the IP hub of Asia.
Read more at http://www.ipos.gov.sg or stay tuned to our monthly e-newsletter, the KASS eureka, for more updates!