HSM IP LTD
IP Reform Enactment Imminent for Bermuda
As reported by HSM IP, Intellectual Property (IP) reform is in the pipeline in Bermuda, with the Government of Bermuda’s Registry General sharing recently that the enactment of its updated Trade Marks Law is anticipated later in 2024. The Registry Read more +
WTR 1000 Recognises HSM IP and Huw Moses in 2024 Guide
World Trade Mark Review (WTR) has recognised HSM IP and Huw Moses in their latest guide: WTR 1000 2024 (Pan-Caribbean). This is the seventh year in a row that HSM IP has been recommended by WTR 1000. HSM IP is Read more +
HSM IP Presents INTA Unreal Campaign to CIFEC Students
HSM IP was pleased to present the International Trademark Association’s (INTA) Unreal Campaign to over 25 students at the Cayman Islands Further Education Centre (CIFEC) on 8 December 2023. HSM IP’s Mrinali Menon (Senior IP Manager) and Shirly Ramirez (IP Read more +
HSM IP Welcomes Senior Intellectual Property Manager
Mrinali Menon has joined HSM IP in the Cayman Islands as their new Senior Intellectual Property (IP) Manager. Overseeing a team of 10 IP specialists, Mrinali has over eight years of global legal experience, having worked in the United States (New Read more +
HSM IP Educates Students on the Dangers of Counterfeit Products
Corey Neysmith and Gabriel Morla of HSM IP Ltd. presented International Trademark Association’s (INTA) Unreal Campaign to over 40 students at the Cayman Islands Further Education Centre (CIFEC) on Thursday, 29 November 2018.
INTA’s Unreal Campaign is a consumer awareness programme aimed at educating teenagers about the importance of trade marks, intellectual property and the dangers of counterfeit products.
Corey, a Senior IP Assistant, started the presentation by explaining the role and importance of registering a trade mark. Corey explains, “A trade mark can be a word, design, service mark and can even be the shape of a building. If a company doesn’t register their distinct features, then a competitor can rightfully take ownership of their ideas and with it, their customer base.”
Since 1 August 2017, it has become possible to register a trade mark in the Cayman Islands without having to go through the United Kingdom or European Union first, thanks to the implementation of The Trade Marks Law, 2016.
Gabriel, an IP Assistant and past CIFEC student, delivered the second part of the presentation which focused on counterfeiting. Gabriel shares, “We stressed the economic impact created when people purchase knockoffs. Counterfeits not only pose a threat to your health and safety, but they directly hurt businesses in the form of job losses and their reputation.”
The students then enjoyed a game of “spot a fake”, where they had to guess between two similar looking products and identify the reasons as to why one of them was the fake. Afterwards, there was a lively discussion for Q&A.
This is the fourth time that HSM IP has presented to students in the Cayman Islands as part of the Unreal Campaign initiative and encourages all consumers to be vigilant when shopping.
Studies show that counterfeiting is rising at an alarming rate. It is estimated that by 2022, the global total value of counterfeit goods could reach US $2.8 trillion, according to a 2017 impact study, The Economic Impacts of Counterfeiting and Piracy, released by Frontier Economics and commissioned by INTA and the International Chamber of Commerce’s Business Action to Stop Counterfeiting and Piracy.
“It is rewarding for our team to be able to share their expertise with our local community and to bring awareness of the negative impacts caused by purchasing counterfeit products,” shares HSM IP Managing Partner, Huw Moses. “Consumers of all ages need to be alert to the risks of purchasing counterfeits, which may expose them not just to financial loss but physical harm.”
Gabriel Morla (left) and Corey Neysmith (right) Share the Importance of Trade Marks