Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 191

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 191
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 Singapore confers statutory protection on registrable trademarks on a first -to -filebasis in Singapore, and the registered proprietor is granted a statutory monopoly of the trade mark in Singapore in relation to the product or service for which it is registered. There are three (3) key criteria for registration: the subject matter must be (i) a “trade mark”, which is any sign capable of being represented graphically and which is capable of distinguishing goods or services dealt with or provided in the course of trade by a person from goods or services so dealt with or provided by any other person, (ii) “distinctive”, if it is not descriptive of those goods or services and (iii) does not conflict with an earlier trademark, that is an earlier registered trade mark or trademark (which is registered or not) which is well known in Singapore. An infringement of a registered trade mark may give rise to civil and criminal liabilities. Registered trademarks are valid for a period of 10 years from the date of registration and may be renewed for further periods of 10 years. Patents The Patents Act 1994 of Singapore confers statutory protection on patentable inventions on a first -to -filebasis in Singapore, and the registered proprietor will have the exclusive right to exploit the invention. There are three (3) key criteria for registration: the invention must (i) be new, (ii) involve an inventive step (being a step that is not obvious to a person who is skilled in the relevant art) and (iii) be capable of industrial application. An infringement of a registered patent may give rise to civil liabilities. Registered patents are valid for 20 years from the date of filing of the application, subject to the payment of annual renewal fees from the fifth year. Regulations on Anti-money Laundering and Prevention of Terrorism Financing The primary anti -moneylaundering legislation in Singapore is the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 (the “CDSA”), which provides for the confiscation of benefits derived from, and to combat, corruption, drug dealing and other serious crimes. Generally, the CDSA criminalizes the concealment or transfer of the benefits of criminal conduct as well as the knowing assistance of the concealment, transfer or retention of such benefits. The Terrorism (Suppression of Financing) Act 2002 (the “TSOFA”) is the primary legislation for the combating of terrorism financing. It was enacted to give effect to the International Convention for the Suppression