One lawyer told Cayman 27 the country is still on track for a much-needed overhaul to its suite of intellectual property laws.
A new copyright law and a new trademarks law are both slated to hit the books in the first quarter, said Sophie Davies of HSM IP.
The intellectual property lawyer said the trademarks law will make it possible to obtain trademark protection in Cayman without first registering the same mark in the UK or EU.
The copyrights law, she said, is more wide reaching. The current copyright law is based on a 50-year old piece of legislation, and as such, didn’t account for many modern technologies we use every day, like smart phones.
The implications will be felt at Cayman 27, with updated rules for broadcasters.
“The scope of protection provided by the 1956 act was very limited, in terms of broadcast,” explained Ms. Davies. “So for example, cable broadcasting wasn’t protected at all. So now all of the television companies need to review their licensing agreements they have in place in terms of copyright and make sure that they are not infringing copyright going forward.”
This week, Cayman 27 will be taking a look at how the soon-to-be enacted IP laws will impact those in business, the tech sector, and for Cayman’s burgeoning scene of artists, musicians and filmmakers.