EAEU Agreement on Collective Management of Copyright Enters into Force
The Agreement on Collective Management of Copyright and Related Rights within the Eurasian Economic Union (EAEU) entered into force on May 27, 2019. It was signed in 2017 in Moscow by EAEU member states Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.
The Agreement harmonizes the legislation and the procedures related to collective rights management in all EAEU member states and regulates collective management organizations (CMOs) interaction with the right holders and the users of copyright-protected material.
According to the Agreement, all CMOs are required to distribute the collected royalties to rights holders at least once a year. CMOs are also required to hire independent auditors to review their financial statements at least every other year. CMOs will face liability for not distributing the royalty payments according to regulations, for making more deductions than necessary for their own expenses or social, cultural and educational purposes, and for not fulfilling the obligation to conduct mandatory audits.
The entrance into force of this Agreement is a step forward in the process of establishing the unified IP system in EAEU. On December 6, 2018, the Council of the Eurasian Economic Commission (EEC) signed the Agreement on EAEU Trademarks, Service Marks and Appellations of Origin. The Agreement will become effective after the EEC adopts additional regulations governing its implementation, which is expected in 2020.
Prepared by: Anastasia Khioni and Julia Zhevid
For more information, please contact email@example.com or firstname.lastname@example.org.
Source: Belarusian IPO website, National Legal Internet Portal of the Republic of Belarus
Read more news on Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan or Copyright. Get our latest IP news or browse IP News Eastern Europe Archives.
July 2019 News
- Russia Introduces Temporary Pre-Grant Protection for Industrial Designs
- Uzbekistan Introduces Criteria for Determining Well-Known Trademarks, Transfers IPO Appeal Board to Ministry of Justice
- Croatia Adds Trademark Data to TMview’s Visual Search
- Latvian and Lithuanian National Patent Data Added to Patentscope
- Romanian Customs Seize EUR 800,000 Worth of Fake Perfume, Cosmetics, Apparel
- Hungarian Customs Seize EUR 417,000 Worth of Fake Perfume
- Serbian Customs Seize Fake Apparel
- EAEU Agreement on Collective Management of Copyright Enters into Force
- Croatia Drafts New Patent Act
- Ukraine Increases Official Fees for IPR-Related Services as of July 19, 2019
- EU Adopts Regulation in Support of EU-Based Generics and Biosimilars Producers
- Montenegrin IPO Loses Autonomy to Newly Founded Directorate for Internal Market and Competition
- Ukraine Regulates Organic Food Production and Labeling
- EU Loses EUR 60 Billion Each Year in Sales Due to Counterfeiting
- Hungarian Customs Seize Fake Accessories Worth Over EUR 460,000
- Ukrainian Authorities Seize Fake Medicines