Written for business operators who are new to the country, Intellectual Property in Thailand: Registration, Protection, Commercialization provides a helpful introduction to IP issues under Thai law. This Q&A guide reviews the legal framework for trademarks, patents, copyrights, and trade secrets, from registration processes through licensing and enforcement of rights. The guide also introduces IP owners to the benefits of intellectual asset management programs designed to help companies extract maximum value from their IP.
June 21, 2022
Indonesia has issued a continuation of its debt relief program—which covers settlement of unpaid patent annuities—from 2021. The debt relief program, which Indonesia has named its “Crash Program,” has been adjusted to make it more practical for debtors and responsive to their needs. The updated “Crash Program” is laid out in the Ministry of Finance’s Regulation No. 11/PMK.06/2022 regarding Settlement of State Receivables through the Crash Program Mechanism, which was issued on February 21, 2022, replacing a similar notification from the previous year. Patent annuities are “state receivables” and thus are an object of the Crash Program. According to the Directorate General of Intellectual Property (DGIP), as of March 2022, outstanding unpaid patent annuities due amounted to IDR 211 billion (approx. USD 14.5 million). The DGIP is thus promoting the Ministry of Finance’s Crash Program as a way for patent holders to pay their unpaid patent annuities. Under the Crash Program, debtors owing unpaid patent annuities can request the following types of debt relief: Waiver of all of debt interest, penalties, and other charges; 60% off debt principal; and From the remaining principal amount, additional deductions of: 40% if settled by June 2022; 30% if settled from July to September 2022; 20% if settled from July to December 20, 2022. The key aspects of the Crash Program under the new regulation are outlined below. Foreign Debtors The original Crash Program regulation from 2021 lacked specific information on requirements for foreign debtors to participate in the program. The new regulation, however, allows foreign debtors to obtain a letter of reference from their foreign consulate in Indonesia or authorized institution in the country of origin to fulfill requirements for supporting documentation in order to participate in the Crash Program. The letter of reference must confirm the debtor’s inability to pay the