Libya-Trademarks Update
Type
E-journal
Date
25 Apr 2016
Jurisdiction
Libya
Taxonomy
Trademarks
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
In an article entitled “The IMF releases its latest world economic forecasts - Libya good in short term, but needs reform in long term” the Libya Herald reported on 16 April 2013 that “The IMF confirmed its forecasts on Libya of 20.2 percent GDP growth in real terms for 2013…”
With significant growth in Libya expected this year, it is anticipated that brand owners will have to revisit their trademark protection strategies for this growing North African economy sooner, rather than later.
As widely reported, the Libyan Trademarks Office recently resumed its services and is now accepting requests for trade mark searches, as well as new trademark applications after being closed for almost two years.
During the period 2009 to 2011, a number of changes took place in respect of the protection of trade marks in Libya which are worth revisiting in light of anticipated new interest in the protection of valuable trade mark assets in this jurisdiction:
Classification of Goods and Services