Lawyers in Myanmar Push for Better IP Regulation

Given the condition of Myanmar’s IP protections, foreign firms are wise to consider a “wait-and-see approach,” said Mark Litvack, an IP partner based in Pillsbury’s New York and Los Angeles offices.

Litvack commented on the benefits the country offers: “Myanmar is an extremely attractive opening market with over 50 million consumers, a terrific location for trade and ample natural resources. Companies are coming.”

However, he cautioned that the nation will be “viewed as a pariah unless it accepts its responsibility to protect the legitimate IP interests of Western and other foreign firms. As IP is a driver of value and profits, corporations will not be willing to invest in countries that are not willing to protect that investment.”

Litvack added that the push for better regulation is finally making headway. A proposed law, written by IP lawyers in Myanmar, is in its 10th draft and will be submitted to parliament soon. With no objections, the law could pass within six months, he said.