IP UPDATE: ACTA May Need a Second Act

The Internet has created a number of challenges for rights holders and the law. The Anti-Counterfeiting Trade Agreement (ACTA) – a plurilateral agreement that seeks to establish worldwide standards for enforcing Intellectual Property rights — was first developed by the U.S. and Japan in 2006, and was signed last October by the U.S., Australia, Canada, Japan, South Korea, Mexico, Morocco, New Zealand, Singapore and Switzerland; in January 2012, the European Union and its 22 member states signed as well.

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