Theft of Intellectual Property is reported by analysts as the second most critical risk for companies in emerging markets. Recognizing the importance of this question, EIBN and the ASEAN IPR SME Helpdesk organized the info session “Spot the IP Risks”, which was conducted by Mr. Paul Kelleher and Mr. Jakub Ramocki. The session included a presentation of Indonesia-based lawyer Mr. Andrew Conduit, a specialist on IPR in Indonesia. The event took place at the EKONID headquarters in Jakarta on June 18 and was directed to all interested EU Member States business and national representatives.
Piracy levels in Indonesia remain among the highest in the world, and the registration, protection and enforcement of intellectual property rights continue to be an area of concern for European companies (it is estimated that the worth of Indonesia’s black market economy stands at $23 billion, with counterfeiting alone representing $4.8 billion). Businesses looking to develop their activities in the Indonesian market have to consider the IPR involved in their products, the potential risks in partnerships and licensing (often regarded by SMEs as a cost effective way of entering ASEAN markets), as well as understand how to protect themselves in the local legal environment.
This interactive info session featured practical examples and case studies to help the audience ‘spot the IP risks’, therefore introducing to them to methods related to IPR protection in the Indonesian market.