ACI Partners: Legal Flash No. 16

ACI Partners: Legal Flash No. 16

• 24.09.2015

 This Legal Flash brings you latest news on amendments of the Patent Law and adoption of the new Regulation by the National bank of Moldova on opening of the bank accounts by Moldovan residents in foreign countries.

Official Gazette no 258-261 of 18 September 2015

Law on protection of inventions (Law No 50 dated 7 March 2008) has been recently amended. Among the basic amendments the following could be highlighted:
• Recognition and protection on the territory of Moldova of the rights deriving from a validated European patent (patent issued by the European Patent Office under European Patent Convention, adopted at Munich on 5 October 1973, based on European patent application, which was requested for validation in Moldova). The State Agency on Intellectual Property (Agency) will have the competence to validate the effects of European patents on the territory of the Republic of Moldova.
• European Patent Application and validated European Patent will have the same effect and will be subject to the same conditions as the national patent application or patent.
• A European patent application for which a validation fee has been paid will be transformed into a national patent application by submitting to the Agency a request for transformation.
• European Patent Application and European Patent issued on the basis of such an application will be validated in the Republic of Moldova if the applicant requests such validation in the European patent application.
• Each request for validation will be published by the Agency and will be included in the National Register of patent applications after informing the European Patent Office on payment of the prescribed fee for validation. The request for validation may be withdrawn at any time.
• Validation fee shall be paid at the European Patent Office within 6 months from the date when publication of the European documentary examination report is mentioned in the European Patent Bulletin. The validation fee may not be refunded.
Annual fees shall be paid for maintenance of the effect of the validated European patent.

Read the full information in English or Romanian.
 

ACI Partners

ACI Partners is a dynamically growing Moldovan law firm with an expanding network of partners throughout Europe. ACI Partners was established by separation of the legal business from Ernst & Young Moldova and as such it draws from the latter|s long-acknowledged ability to offer competent advice. ACI Partners’ business strategy is to deliver a solid and reliable service, which the clients may turn to whenever they need. To reach this goal, ACI Partners employs a personalized approach to each client, showing a genuine respect for their values and unqualified commitment to their interests and needs, steadily investing in knowledge and data management and ensuring a working environment consistent with their clients’ quality demands and high expectations.