In a significant development on December 5, 2023, the Central Bank of Myanmar (CBM) issued Letter No. FE-1/2937 granting authorized dealer licensed banks (ADLBs) the authority to freely transact in foreign currency trades, buying and selling at the market exchange rate for Myanmar kyat (MMK) as proposed by buyers and sellers through online trading platforms. Offshore remittances, however, must comply with the remittance criteria set by the Foreign Exchange Supervisory Committee. The online trading platform Refinitiv, initiated in June 2022 under the CBM’s guidance, facilitates the buying and selling of foreign currency between ADLBs and between banks and customers. The initiative was implemented in accordance with CBM Letter No. FE-1/789, dated June 21, 2023. The platform’s inception saw the exchange rate set at over MMK 2,900 per USD 1. Then, in August 2023, the CBM ordered banks and traders to limit foreign exchange transactions to an approved online trading platform, again with the exchange rate fixed at MMK 2,900 per USD 1. Transactions outside of online trading platforms continue to be governed by the exchange rate set by the CBM of 2,100 MMK per USD 1. Conversion Rules for Exporters On December 6, 2023, the CBM issued Notification No. 26/2023 lowering the percentage of Myanmar companies’ export earnings in foreign currency subject to mandatory conversion into MMK from 50% to 35% at the current official exchange rate set by the CBM at USD 1 to MMK 2,100. This mandatory conversion must follow the requirements for mandatory conversion of foreign currency, which remain in effect. For more details on foreign exchange developments, or on any aspect of financial regulations in Myanmar, please contact Tilleke & Gibbins at [email protected].

The Hague Agreement Concerning the International Registration of Industrial Designs (the Hague Agreement) officially took effect in Vietnam on December 30, 2019. Since then the Hague Express Database reports that more than 1,300 international design applications have designated Vietnam, and many of them have been examined by Vietnam’s IP Office before a statement of grant of protection was issued. However, from the time the Hague Agreement took effect until the amended Intellectual Property Law took effect on January 1, 2023, there were no legal documents regulating the process and procedures for examining these applications in Vietnam. This caused some difficulties in the examination process and many applications filed from 2020 to date remain in limbo, with the applicants having submitted responses to refusals, but yet to receive further results on the grant or refusal of protection. The amended IP Law introduced Article 93.9 on the validity of international registrations of industrial designs according to the Hague Agreement. More recently, Decree 65/2023/ND-CP (Decree 65) introduced a new section on the filing and processing of Hague international design applications, with detailed regulations on the handling of Hague applications originating in Vietnam and Hague applications designating Vietnam. These new regulations have generally improved the international application process in Vietnam for both the IP Office and design applicants; however, they have not resolved some existing problems and in some cases have created more burdens for applicants. Submission of priority documents Article 24.8 of Decree 65 requires that within three months from the date of the International Bureau’s notification of the Hague Application designating Vietnam, applicants wishing to benefit from a priority must submit documents proving their priority right to the IP Office for approval. This is a completely new requirement that applies to all international design applications designating Vietnam starting from the effective

Myanmar enacted its new Copyright Law on May 24, 2019, to replace the old Copyright Act of 1914. To implement the Copyright Law, the Ministry of Commerce (MOC) issued the Copyright Rules under Notification No. 70/2023 dated October 23, 2023, establishing procedures for registration of copyright and related rights. Both the new Copyright Law and the Copyright Rules finally came into force on October 31, 2023, in accordance with State Administration Council (SAC) Notification No. 218/2023. Subsequently, the MOC issued Notification No. 73/2023 on November 20, 2023, specifying the official forms for copyright and related rights matters to be filed with Myanmar’s Intellectual Property Department (IPD). An announcement specifying the government fees under the Copyright Law is still awaited. Once these fees are announced and the IPD opens voluntary registration, the new regime for copyright and related rights in Myanmar is finally expected to be fully functional. Overview The new Copyright Law gives copyright protection for eligible literary and artistic works and for the related rights of performers, phonogram producers, and broadcasting organizations. The law also enables the use of technological protection measures to protect copyright in literary or artistic works or related rights. The unauthorized removal or alteration of digital rights management information is also strictly prohibited. The law supports voluntary registration of copyright in literary and artistic works and related rights with the IPD. In addition, although Myanmar is not yet a contracting party to the Berne Convention (under which countries extend the same copyright protection to nationals and foreigners, regardless of publication in the country), the new Copyright Law extends copyright protection to foreign works created by noncitizens and nonresidents if they are first published in Myanmar or published in Myanmar within 30 days of first publication elsewhere. The Copyright Law grants the following copyright protection

On November 13, 2023, the Directorate General of Intellectual Property (DGIP) of Indonesia’s Ministry of Law and Human Rights held an offline workshop regarding intellectual property (IP).  One of the main discussion topics was the socialization of the proposed amendments to the Industrial Design Law. The proposed amendments to the Industrial Design Law contain a number of important changes, as outlined below. Industrial design definition The definition of an industrial design is clarified and emphasized in the draft law. An object protected through industrial design rights is “the outer appearance of a product,” gives an “aesthetic impression,” can be protected in whole or in part, and may be two- or three-dimensional. Registration system The protection period for industrial designs set by the draft law is 5 years, renewable for up to two additional five-year terms. This differs from the period provided under the current law, which is 10 years from the filing date, nonrenewable. Recordal system The draft law introduces a recordal system particularly for designs that have a relatively short commercial turnaround time, such as textile products. Recorded designs have a protection period of three years from the first publication. The recorded designs can become registered design applications by filing the design through the DGIP’s registration system no later than 12 months from its first publication. Details regarding the recordal system are not yet available. Nonregistrable industrial designs The draft law clarifies that the following are not registrable as industrial designs: Designs that do not give an aesthetic impression; Designs whose features are for purposes of technical functioning only; Folklore or traditional cultural expressions that have not been developed further; Designs contrary to the provisions of laws and regulations, public order, religion, or morality; and Designs filed in bad faith. International design applications The new law introduces a