On July 14, a Brazilian Congressman Mr. Alexis Fonteyne presented a Patent Bill proposing key amendments to the Patent Statute (Law No. 9,279 of 1996). The proposal represents an important development for the IP community, especially when it comes to patent term compensation, which may become statutory if the bill is approved.
Introduction of a Patent Term Compensation
Under the terms of proposed new (Article 40-A), patent term compensation will be available - both administratively and judicially-whenever the BRPTO has violated it 60-day term to perform an act during the patent granting process. Read more