Singapore: Maintaining top position in Asia for IP rights protection
Managing IP is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Singapore: Maintaining top position in Asia for IP rights protection

In recognition of its robust Intellectual Property (IP) rights protection, Singapore ranks top again in Asia in the 2019 edition of the International Property Rights Index (IPRI).

Globally, Singapore moved up one notch to be placed fourth, behind other IP powerhouses Finland (1st), Switzerland (2nd) and New Zealand (3rd). The following countries are ranked in order: Australia, Japan, Sweden, Norway, Luxemburg, the Netherlands, Canada, the USA, Denmark, Austria and the UK.

A flagship publication by US-based Property Rights Alliance, an organisation dedicated to the promotion of property rights worldwide, the IPRI, serves as a barometer for the strength of property right protection across three core categories: (i) Legal and Protection Environment, (ii) Physical Property Rights, and (iii) Intellectual Property rights. The IPRI 2019's sample set of 129 countries represents 94% of the world population and 98% of the world domestic product (GDP). The rankings are determined using data compiled from case studies with 118 think tanks and policy organisations in 72 countries.

Singapore is not resting on its laurels as it continues to innovate and support enterprises in their use of IP for corporate growth. On the home front, the Intellectual Property Office of Singapore (IPOS) launched its trademark registration mobile app – a first in the world. With the introduction of the app, trademark registration will be transformed as businesses and entrepreneurs seeking trademark protection in Singapore may now file their trademarks directly with IPOS via their mobile devices. AI technology is utilised in image search during the application process and the time taken to file a trademark is reduced by 80%.

Being ranked in the top position for IP rights protection in Asia for another year provides greater impetus for enterprises and entrepreneurs to continue driving innovation in Singapore and leveraging on their intangible assets to grow from Singapore to the world. Mr Daren Tang, chief executive of IPOS, stated: "It is an honour to be recognised as a leading country in the protection of property rights. Societies and economies are becoming more interconnected in the new digital world, where growth and development are driven by IP and intangible assets. This accolade will bolster confidence for innovative enterprises to continue to use Singapore as a hub to manage, grow and deploy their IP and intangible assets into the region and beyond."

collopy-dan.jpg
teng-yeo-moon.jpg

Daniel Collopy

Yeo Moon Teng


Spruson & Ferguson (Asia) Pte Ltd152 Beach Road#37-05/06 Gateway EastSingapore 189721Tel: +65 6333 7200Fax: +65 6333 7222mail.asia@spruson.comwww.spruson.com

more from across site and ros bottom lb

More from across our site

James Lawrence, partner at Addisons, explains how he convinced the full Federal Court of Australia to back his client in a patent dispute concerning mining safety equipment
The deal will allow the companies to use each other’s patents covering 4G and 5G technologies, and other cellular SEPs
We provide a rundown of Managing IP’s news and analysis coverage from the week, and review what’s been happening elsewhere in IP
Three lead IP counsel in the US, the UK and China share how they walk the fine line between building in-house competence and splurging on external lawyers
Mike Renaud, head of the IP division at Mintz, explains his business strategy and how the firm justifies charging higher rates
Sources say firms must build relationships with clients that transcend their connections to individual partners
INTA’s resolution on online marketplaces and appointment of Amazon’s general counsel follow calls for the association to take a direct position on internet fakes
Counsel report where they’re seeing more issues with inventorship arise and how they’re getting this work in the first place
To mark the firm’s one-year anniversary, partners at Groombridge Wu Baughman & Stone reveal the biggest challenges of getting a new firm off the ground
Each week Managing IP speaks to a different IP lawyer about their life and career