The legal sector is shouldering more responsibility than ever, and only in such periods of adversity does true talent get tried and tested. Under the current dynamic global compliance environment, we are witnessing companies rebound, with some even exceeding pre-pandemic performance. This is due in no small part to the best efforts of internal and external counsel.
In this issue, we applaud the outstanding contributions that in-house counsel and lawyers, young and old, are making to industry and business. We also unpack some major incoming legislation updates in the area of intellectual property (IP), and talk to leading industry experts about what lies ahead for businesses.
Amendments to the Copyright Law and Patent Law, considered to be the last two pieces of China’s legal protection system for IP, will officially take effect on 1 June this year, but do the changes go far enough? Our cover story, Solving the IP puzzle, explores this narrative, combining interpretations from senior in-house counsel and practitioners on key points such as punitive damages and the reversal of the burden of proof in determining the amount of compensation.
It’s no secret that 2020 reshaped the way our world works and trades. The role of an in-house counsel has become particularly important as, during this time of uncertainty, they must respond to market conditions, protect their company’s growth strategy, and make rapid internal adjustments to ensure their company’s survival.