New IP rules set to advance opening-up
China's continuous efforts in handling foreign-related intellectual property disputes will serve as a robust backbone for domestic enterprises going global and constitute an important guarantee to advance the country's high-level opening-up, experts said. "This is China's first administrative document that systematically standardizes the handling of foreign-related IP disputes, which is of great guiding significance," said Liu Bin, an IP lawyer at Beijing Zhong Wen Law Firm. Liu also welcomed the provisions that encourage law firms to improve the efficiency of IP services and support the establishment of overseas IP dispute funds by domestic enterprises, adding that "these measures will help our innovators reduce the cost of cross-border IP rights protection". Wang Zhenkun, a partner of Shanghai YaoWang Law Offices, said the new regulation "will accelerate the layout of Chinese IP legal service institutions around the world, thereby helping domestic enterprises connect with international rules more effectively and enhancing China's say in global IP governance".
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