Monday 1 October 2012

New IP Protection law in Panama to impose hefty fine

Panamanian legislators on Wednesday night passed a new Intellectual Property  Protection Law, which would allow commerce officials to impose fines of up to $100,000 for copyright infringements without a trial or civil suit.   

There is a U.S.-Panama free trade agreement which was  approved last  year and this piece of  legislation is meant to bring Panama into compliance with the trade agreement. The legislation has yet to get the Presidential assent. 

As always, some civic groups and organizations representing audio-visual artists and musicians are criticizing the measure, saying it threatens free speech. 

Other artists support the law, hoping it will cut down on pirated versions of their works. Will this legislation prove to be a boon to the artists who support  it, only time will tell.

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