The Chartered Institute of Trademark Attorneys (CITMA) has warned of massive financial impacts for UK attorneys if Brexit strips them of their right to represent clients at the EU Intellectual Property Office (EUIPO).
Along with a number of organisations, CITMA gave evidence as part of a parliamentary report on Brexit’s effects on legal services. It showed UK Chartered Trade Mark Attorneys would lose between £789 million and £1.7 billion per year if they can no longer represent clients at the EUIPO.
The All-Party Parliamentary Group (APPG) on Legal and Constitutional Affairs subsequently recommended that the UK Government “seek to secure rights of audience in EU courts such as the Court of Justice of the EU and the EUIPO”. The APPG’s report further recommends a ‘no deal’ scenario should be utterly avoided.
Lord Chris Smith of Finsbury, The chair of the UK’s Intellectual Property Regulation Board, asked the Government if they sought continued participation in the EUIPO post-Brexit earlier this month.