Updates From the EU Desk: Spanish senate approves Intellectual Property Law reform
The Spanish senate has given the green light to the reform of the country’s Intellectual Property Law, which will now be sent to the Parliament for its final approval.
The activities related to intellectual property amount to 4% of the Spanish GDP, a fact that reveals the involvement of a wide range of conflicting interests which has prevented effective solutions from being taken for a long time.
The reform aims to curb internet piracy by putting in place a quicker process to shut down offending sites, including complaints related to copyright infringements.
One of the amendments introduced at the senate stage is the increase in the maximum fine payable for “very serious” copyright infringement from EUR 300,000 to EUR 600,000.
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