NEWS
European Counterfeiting Observatory Report 2024
In January 2024, the European Observatory for the Protection of Intellectual Property Rights launched a new report on the economic impact of counterfeiting on sales in the EU in three sectors:
• Clothing: It is estimated that the clothing industry will lose almost EUR 12 billion in revenue/year in the period from 2018 to 2021.
• Cosmetics: Sales of cosmetic products lost due to counterfeiting are estimated at EUR 3 billion.
• Toys: Toy sales are estimated to have lost almost EUR 1 billion in sales.
SME Fund 2024
Tribute to Francisco de Novaes
It is with great regret that we inform you that Francisco de Novaes da Cunha e Brito Soto Maior de Ataíde, known as Francisco de Novaes among his peers, died on Saturday, April 22, 2023. It was 92 years of a full life, having left 6 children, 18 grandchildren and 15 great-grandchildren.
Francisco de Novaes received the responsibility of leading the Francisco de Novaes Office from his grandfather in 1950, having been a true leader in the field of intellectual property, while transforming the office into one of the most distinguished Portuguese IP offices.
After decades of service, Francisco de Novaes always maintained a warm and friendly presence in the office until the end of his days. Known by his colleagues in Portugal and around the world as a generous mentor and a pioneer in the field of intellectual property, Francisco de Novaes will be deeply missed by those who worked with him in the national and international Associations to which he had the great pleasure of belonging.
Guided by its philosophy, its heirs will try to dignify its legacy and deserve the trust that our partners have always placed in this office.
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