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Home Blog Page 3835

Bored Apes’ Owners Sue Madonna, Justin Bieber and Sotheby’s

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A group of NFT collectors who own the Bored Ape Yacht Club series have filed a lawsuit against Madonna, Justin Bieber and Sotheby’s, alleging that they infringed their intellectual property rights and damaged their reputation. The plaintiffs are seeking as much as US$2 billion in damages and an injunction to stop the defendants from using or selling the Bored Apes images.

The Bored Ape Yacht Club is a collection of 10,000 unique digital artworks featuring cartoon apes with different traits and accessories. The owners of these NFTs have exclusive rights to use them as their online avatars, access a private online community and receive additional benefits such as merchandise and airdrops. The Bored Apes have become one of the most popular and valuable NFT projects, with some of them selling for millions of dollars.

According to the complaint, filed in the U.S. District Court for the Southern District of New York, Madonna, Bieber and Sotheby’s have violated the plaintiffs’ rights by using the Bored Apes images without their permission or attribution. The lawsuit claims that Madonna posted a video on her Instagram account in which she wore a mask resembling a Bored Ape, while Bieber used a Bored Ape as his profile picture on Twitter and Spotify. The lawsuit also accuses Sotheby’s of selling unauthorized physical copies of the Bored Apes in its NFT auction in Hong Kong.

The plaintiffs allege that the defendants’ actions have caused them irreparable harm, as they have diluted the uniqueness and exclusivity of their NFTs, confused the public about the ownership and authenticity of the Bored Apes, and tarnished their reputation and goodwill. The lawsuit seeks compensatory, punitive and statutory damages, as well as an order to remove or destroy all infringing materials.

Yugalabs is a leading company in the field of artificial intelligence and natural language processing. The company has developed several innovative products and services that rely on its proprietary algorithms and data. Yugalabs claims to have a strong intellectual property (IP) right over its technology and assets, and has registered several patents, trademarks, and trade secrets to protect them.

However, some experts and competitors have questioned the validity and enforceability of Yugalabs’ IP right, especially in cases where third parties may infringe or misuse it. For example, what if a hacker steals Yugalabs’ data or code and sells it to another company? What if a customer or a partner uses Yugalabs’ technology for purposes that are not authorized by the license agreement? What if a rival company reverse-engineers or copies Yugalabs’ products and services without permission?

According to the World Intellectual Property Organization (WIPO), IP is “a category of property that includes intangible creations of the human intellect”. There are two main types of IP: industrial property, which includes patents, trademarks, industrial designs, and geographical indications; and copyright, which includes literary and artistic works, such as books, music, films, software, and databases.

Yugalabs has registered several patents for its algorithms and methods, which grant it the exclusive right to prevent others from making, using, selling, or importing its inventions for a limited period of time. Yugalabs has also registered several trademarks for its names, logos, slogans, and symbols, which grant it the exclusive right to prevent others from using identical or similar signs for goods or services that are identical or similar to those for which the trademark is registered.

Additionally, Yugalabs has claimed trade secret protection for its confidential information, such as data, code, formulas, processes, and know-how, which grant it the right to prevent others from acquiring, using, or disclosing it without its consent. However, registering and claiming IP rights does not automatically guarantee their enforcement. In order to enforce its IP rights against third parties who may infringe or misuse them, Yugalabs has to prove several elements in court or in arbitration:

  • – That it owns the IP rights in question.
  • – That the third parties have accessed or used its IP without authorization.
  • – That the third parties have caused actual or potential harm to its interests.
  • – That the third parties have acted in bad faith or with negligence.

These elements may vary depending on the type of IP right, the jurisdiction where the dispute arises, and the applicable laws and treaties. For example, patent infringement may require showing that the third party’s product or service falls within the scope of the patent claims; trademark infringement may require showing that the third party’s sign creates a likelihood of confusion among consumers; trade secret misappropriation may require showing that the third party obtained the information through improper means or breached a duty of confidentiality.

Moreover, enforcing IP rights may involve significant costs and risks for Yugalabs. For instance:

  • It may have to disclose sensitive information about its technology and business in order to prove its ownership and validity of its IP rights.
  • It may face counterclaims or challenges from the third parties who may argue that its IP rights are invalid or unenforceable due to prior art, lack of novelty, obviousness, non-functionality, genericness, or public domain.
  • It may encounter difficulties in identifying, locating, or serving the third parties who may operate anonymously or across borders.
  • It may encounter difficulties in obtaining evidence of infringement or misuse from the third parties who may encrypt, delete, or hide their data or code.
  • It may encounter difficulties in obtaining remedies or relief from the third parties who may lack sufficient assets or resources to pay damages or comply with injunctions.

Yugalabs has developed and maintained trade secrets for various aspects of its technology and business operations, such as its source code, algorithms, data sets, customer lists, marketing strategies, pricing policies, and future plans. These trade secrets enable Yugalabs to enhance its performance and efficiency, and to avoid disclosure or leakage of sensitive information to competitors or third parties.

The defendants have not yet responded to the lawsuit. It is unclear whether they have obtained any licenses or permissions from the original creators of the Bored Ape Yacht Club, Yuga Labs, or from any of the plaintiffs. The case raises complex legal questions about the scope and enforcement of intellectual property rights in the emerging NFT space.

UK Parliament is reviewing a groundbreaking initiative to Legalize Electronic Trade Documents

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The UK is one of the world’s leading trading nations, with a total trade value of over £1.4 trillion in 2020. However, the trade process is still largely paper-based, inefficient and costly. According to a report by the World Economic Forum, digitizing trade documents could reduce the time and cost of trade transactions by up to 80% and 30%, respectively.

That’s why the UK Parliament is reviewing a groundbreaking initiative to legalize electronic trade documents proposed by XDC Trade Network Pte Ltd, a Singapore-based company that provides a blockchain-based platform for cross-border trade. The initiative, which is supported by the UK Department for International Trade, aims to create a legal framework for the recognition and enforcement of electronic trade documents, such as bills of lading, invoices and certificates of origin.

The initiative would not only benefit the UK’s trade efficiency and competitiveness, but also its environmental sustainability and social responsibility. By reducing paper usage, digitizing trade documents could save up to 4 million trees and 26 billion liters of water per year, as well as reduce carbon emissions and waste. Moreover, digitizing trade documents could enhance transparency, security and trust in trade transactions, as well as facilitate access to trade finance for small and medium-sized enterprises.

XDC Trade Network Pte Ltd is a pioneer in the field of electronic trade documents, having launched its platform in 2019. The platform leverages blockchain technology to create immutable, verifiable and interoperable electronic trade documents that can be shared among multiple parties in a secure and efficient manner. The platform also integrates with existing trade systems and standards, such as SWIFT, UNECE and UNCITRAL.

XDC Trade Network is a blockchain-based platform that enables cross-border trade finance, supply chain management and digital asset creation. Here are some of the benefits of using XDC Trade Network for your business:

Faster and cheaper transactions: XDC Trade Network uses smart contracts and digital signatures to automate and streamline the trade process, reducing the need for intermediaries, paperwork and delays. You can save up to 80% on transaction costs and speed up the settlement time from days to minutes.

Enhanced security and transparency: XDC Trade Network uses cryptographic encryption and distributed ledger technology to ensure the integrity and immutability of the trade data. You can track the status and history of your transactions in real time, verify the identity and reputation of your trading partners, and prevent fraud and disputes.

Greater flexibility and scalability: XDC Trade Network allows you to create and exchange digital assets that represent any type of value, such as invoices, contracts, commodities, currencies and more. You can access a global network of buyers, sellers, financiers and service providers, and customize your trade terms and conditions according to your needs.

Improved compliance and sustainability: XDC Trade Network complies with the international standards and regulations for trade finance, such as the Uniform Customs and Practice for Documentary Credits (UCP 600) and the International Chamber of Commerce (ICC) rules. You can also use XDC Trade Network to support green trade initiatives, such as carbon credits, renewable energy certificates and social impact bonds.

The UK Parliament is expected to vote on the initiative in the coming months. If approved, the UK would become one of the first countries in the world to legalize electronic trade documents, setting a precedent for other countries to follow suit. This would pave the way for a more digital, sustainable and inclusive global trade system.

Nigeria’s Weakest Point To Development And How It Could Be Solved

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I wrote that the US, the UK and the EU made a very big mistake when they brought Western democracy to Africa, without the PROCESS to democracy. I posited that a component  of that Process is having a transparent, free and fair election, and where they’re unable to deliver such, their unalloyed preaching of democracy in Africa is weakened, before citizens. I cited the case of Gabon where people seem to have given up on democracy as they jubilated when the military took over. So, besides the message of democracy, the Process to democracy must be strengthened. Read it here https://www.linkedin.com/feed/update/urn:li:activity:7102782338484314113/

Then, this comment dropped: “Your bias is obvious and still pained that your candidate lost the last election in Nigeria. Your preferred candidate won in Abia state and you adjudged that a good election. You only know in part even though you have a brilliant academic record. If the last election in Nigeria is conducted again in a free and fair environment, Tinubu will still win. And for a military coup to happen in Nigeria is akin to what we have experienced in the past. Peace is invaluable and let us keep praying and working towards a peaceful Nigeria.”

That piece did not mention Nigeria and Tinubu. My case study was Gabon. But, unfortunately, someone cannot just get away from our fault lines in Nigeria. Last year, 90% of my “negative” comments came from the Northern part of our nation; today, the Southwestern part has taken over. 

When I write that our currency is losing value (a fact), someone will comment that I hate Tinubu. But the same person used to agree with me in the past (I reminded him by sharing a previous comment). What has changed? A new tribe now controls Aso Rock and allegiance to Tribe becomes supreme over everything. That is the Nigerian way!

A few days ago, Arewa forum put out a press release, lamenting that its members have been cut-off from sweet power and Southwest was taking everything. I had noted that a few years ago, when I went to Aso Rock when Jonathan was the president, it was like an Ijaw and Igbo club! 

And at one point in that regime, no Southwesterner was closer to power; in other words, the Southwest was cut-out. Buhari came, cut-out the Igbos. During Jonathan, the Igbos held great positions but the people did nothing in the Igbo Nation, but everyone was happy! 

Where am I going? Nigeria has a major fault line: we hate corruption, cheating, etc only when it is not our tribe that benefits. But once it benefits us, it is fine. That is the reason people rationalize everything.

A few years ago, my state gave me an award as Abian of the Year, Abia Ambassador, etc. The next day, I wrote an article on the challenges in Aba. Someone called me from the Government House to express his disapproval. He made a point that my village did not vote for the government despite him appointing one of my kinsmen. Simply, the expectations were to play along because yours is in power.

I believe in ONE Nigeria and I have proposed a Nigeria Union which is structured around six nations. Think of how Europe handles many European nations with a population smaller than Oshodi Lagos (Iceland population  is less than 400k). With that, Europe removes the demons of identity so that Ade can read Kemi, Kanu can read Eze, Usman can read Adamu, etc, and then harmonizes all at the continental level. Magic.

If Southeast/SS/SW… is a nation within Nigeria Union, and is autonomous, and only connected to the Nigeria Union, under a (Nigeria Union) rotational presidency which is largely ceremonial, that my post would not have been viewed as being “biased”. But because it is written by “Ndubuisi”, it must be against Southwest. That mindset is our weakest point and a Nigeria Union as I have explained will solve it. We’re irredeemable on our national fault lines because we’re the same.

That mindset is our weakest point and a Nigeria Union as I have explained will solve it. We’re irredeemable on our national fault lines because we’re the same. 

(As you read, think that Ndubuisi Adamu Abiola wrote this, and not Ndubuisi Ekekwe. Does that help?)

Guidelines For The Importation And Release Of Investigational Medicinal Products, and Food and Drug Items by NGOs, in Nigeria

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Regulatory Guidelines For The Importation & Release of Investigational Medicinal Products in Nigeria.

This article will be looking at the regulatory guidelines governing the Importation and release of investigational medicinal products, which are unregistered medicines, and which may only be brought into the country after a positive ethical opinion is obtained, the clinical trial application has been approved and a letter of authorization has been issued by NAFDAC (National Agency For Food and Drug Administration and Control).

The holder of the authorization must ensure that permit to import IMP has been issued by NAFDAC, prior to importation. The quantity(ies) of IMPs to be imported will be dependent on the sample size of the study, in accordance with the approved study protocol.

The National Regulatory Authority (NRA) of the producing country should be responsible for assurance of compliance with Good Manufacturing Practice (GMP) for the manufacture and lot release of clinical batches of the IMP.

The Agency should take all appropriate measures to ensure that the holder of the authorization has permanently and continuously at his disposal the services of at least one qualified person who is responsible for ensuring:

a). In the case of investigational medicinal products that each batch has been manufactured and checked in accordance with internationally accepted standards of good manufacturing practice for medicinal products for human use, the product specification file and the information submitted in the application for authorization;

b). in the case of an investigational medicinal product which is a comparator product from a third country, and which has a marketing authorization, where the documentation certifying that each production batch has been manufactured in conditions at least equivalent to the standards of good manufacturing practice referred to above cannot be obtained, that each production batch has undergone all relevant analyses, tests or checks necessary to confirm its quality in accordance with the information submitted in the application for authorization.

In as much as the provisions laid down in the guidelines are complied with, investigational medicinal products shall not have to undergo any further testing if they are imported into the country in which the clinical trial is to be conducted, together with batch release certification signed by the qualified person.

-In all cases, the qualified person must certify in a register or equivalent document that each production batch satisfies the provisions as stated above. The said register or equivalent document should be kept up to date as operations are carried out and shall remain at the disposal of the agents of the competent authority for a period of not less than five years.

What is the scope of the guidelines?

-This guideline applies to all investigational medicinal products, including vaccines, which do not have marketing authorization in the country of intended use.

-All procedures should apply to the placebo product, if applicable to the relevant clinical trial.

-During the period of validity of the trial authorization, any subsequent importations should be subject to the same procedures.

What are the responsibilities of the sponsor?

-The sponsor should not supply an investigational medicinal product until the sponsor obtains all required documentation (e.g. approval from the appropriate ethics committee and regulatory authority(ies)).

-The sponsor should ensure that the investigational product(s) (including active comparator(s) and placebo, if applicable) is characterized as appropriate to the stage of development of the product(s), is manufactured in accordance with applicable GMP, is coded and labeled in a manner that protects the blinding, if applicable.

-The sponsor should determine the investigational medicinal product(s) acceptable storage conditions (e.g. Temperature, protection from light, etc.), reconstitution fluids and procedures, and devices for product infusion, if any.

-The sponsor should:

a).Ensure timely delivery of investigational medicinal product(s) to the investigator(s);

b). Maintain records that document shipment, receipt, disposition, return and destruction of the investigational product(s);

c).Maintain a system for retrieving investigational medicinal product(s) and documenting this retrieval (e.g. for deficient product recall, reclaim after trial completion, expired product reclaim);

d). Maintain a system for the disposition of unused investigational medicinal product(s) and for the documentation of this disposition.

e).Take steps to ensure that the investigational medicinal product(s) are stable over the period of use; this data should be available on request and for inspection purposes (where applicable). If non-compliance with the specifications becomes evident in the stability studies during the period of use in the clinical trial, the sponsor should notify the investigators and arrange to take appropriate steps;

f). Maintain sufficient quantities of the investigational medicinal product(s) used in the trial to reconfirm specifications, should this become necessary, and maintain records of batch sample analyses and characteristics. To the extent stability permits, samples should be retained either until the analyses of the trial data are complete or as required by the applicable NAFDAC requirement(s), whichever represents the longer retention period.

What are the provisions of the guidelines regarding labeling and packaging?

-The labeling of investigational medicinal products should comply with the relevant NAFDAC requirements.

-The particulars should appear in English and any other language on the outer packaging or, where there is no outer packaging, on the immediate packaging.

-The particulars should include at least the following information:

a).State clearly that it is a clinical trial material.

b).The product name or unique code.

c). Storage temperature and conditions.

d) . Expiry date.

e). Sponsor contact details.

-The Investigational medicinal products should be packaged to prevent contamination and unacceptable deterioration during transport and storage.

– The investigational medicinal product(s) should be stored as specified by the sponsor, and in line with NAFDAC Good Distribution Practice (GDP) and Good Manufacturing Practice (GMP guidelines ), and other NAFDAC regulations and conditions (if applicable).

-In blinded trials the coding system for the investigational medicinal product(s) should include a mechanism that permits rapid identification of the product(s) in case of a medical emergency but does not permit undetectable breaks of the blinding.

What are the provisions of the guidelines on importation and release?

-Shipping of investigational medicinal products should be conducted according to instructions given by or on behalf of the sponsor in the shipping order. 

-A pre-clearance inspection should be carried out at the port of entry by the Agency. This should include the shipping documentation and overall physical condition of the consignment.

-If specific storage conditions are essential to ensure the quality of the product, e.g. maintenance of cold chain in the case of vaccines, a device that will confirm that storage temperatures were not exceeded during transport should be included with the shipment.

Documentation

-Documentation that should accompany each consignment of IMP should enable NAFDAC at the port of entry to release the product to the investigator(s) responsible for conducting the clinical trial in the country.

-This documentation should include at least:

  1. A valid Import Permit stating the quantity(ies) of IMPs to be imported.
  1. The CoA of each batch of the investigational medicinal product(s) as well as comparator(s), if relevant.
  1. A copy of NAFDAC letter of authorization of clinical trial.
  1. A copy of a valid Certificate of Manufacture issued by the competent Regulatory Authority in the country of origin.
  1. A copy of a valid WHO certificate of a pharmaceutical product issued by the competent Regulatory Authority in the country of origin.
  1. The Cover Sheet should be completed by the sponsor and should accompany each consignment of investigational medicinal products.
  1. The Checklist may be used by the sponsor to ensure that the required documents are attached and correct, but a blank document should be submitted with the Cover Sheet for use by the Agency staff responsible for authorizing the importation of the IMP.

Guidelines For The Importation of Food and Drug Items by NGOs in Nigeria

The National Agency For Food and Drug Administration and Control (NAFDAC) guidelines for the approval of food and drug importation for the interest of the general public and in particular, various Non-Governmental Organizations (NGOs) that wish to import NAFDAC regulated items in pursuit of their humanitarian objectives. 

This article will be focused on highlighting the requirements needed by NGOs to procure food and drug importation permits in Nigeria.

What is the implication of the NAFDAC guidelines?

Under the guidelines,no food, drug, cosmetics, packaged water, detergent, medical device shall be manufactured, imported, exported, advertised, sold, distributed or used in Nigeria unless it has been registered in accordance with the provisions of NAFDAC Act CAP N1 (LFN) 2004, other related Legislations and the accompanying Guidelines 

– For Pharmaceutical product(s), approval of Letter of No Objection can only be granted for applications made in favor of a duly registered Pharmaceutical company.

What are the regulatory steps involved in applying for an importation approval under the guidelines?

Step I

Application

-The following documents should be uploaded online in addition to an application (handled by legal counsel):

-A duly signed application letter titled Approval to Import Donated items by Non-Governmental Organizations addressed to the Director, Ports Inspection.

Step II

Review of application

-The application and accompanying documents are subsequently reviewed.

Step III

Payment

The applicant is required to visit www.remita.net to generate a Remita invoice from any nearest commercial bank for payment.

Step V

Issuance of Authorization

-Upon satisfactory review of the documents, an electronic copy of the Approval to Import Donated items by Non-Governmental Organizations is issued which the applicant can access through their TIN (Tax Identification Number) on the trade portal

What are the cautionary notices stipulated by the guidelines?

-NAFDAC does not take responsibility for any risk associated with the mode of transportation of the products being exported.

-The timelines for the Issuance of Approval to Import Donated items by NonGovernmental Organizations is seventy-two (72) hours from time of submission. The timeline for processing is suspended when there is a compliance directive and resumes when applicant complies and communicates compliance to the Agency.

-The Approval to Import Donated items by Non-Governmental Organizations expires 31st December every year.


What are the definitions and abbreviations of various terms under the guidelines?

  • CoA: Certificate of Analysis
  • GMP: Good Manufacturing 
  • Practices IMP: Investigational Medicinal Product
  • It is a pharmaceutical form of an active substance or placebo being tested or used as a reference in a clinical trial, including products already with a marketing authorization but used or assembled (formulated or packaged) in a way different from the authorized form, or when used for an unauthorized indication, or when used to gain further information about the authorized form.
  • NRA: National Regulatory Authority
  • NAFDAC: National Agency for Food and Drug Administration and Control.
  • Sponsor: An individual, company, institution or organization which takesresponsibility for the initiation, management and/or financing of a clinical trial.

The Bust of Gay Wedding in Delta State: What the law says in Nigeria!

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Nigeria police continues to struggle to maintain peace

Earlier this week, the news reported that the Delta State police command got a tip-off about an ongoing gay marriage celebration in the state, they swung into action and busted the gay wedding whilst it was still ongoing. From that operation, they arrested over 100 gay suspects participating in the gay wedding together with the gay partners that are getting wedded in the state. 

Despite what you may hear from woke activists or the Nigerian branch of the LGBTQ folks criticizing this operation and calling for the release of the arrested gay suspects, Gay or same-sex marriage as it stands now is illegal and criminal in Nigeria. It became illegal and criminalized in 2014 when the then president Goodluck Ebele Jonathan signed The Same-Sex Marriage (Prohibition) Bill into law on January 7, 2014. 

This law criminalizes same-sex marriage, and participating in gay activities and prohibits registration of gay clubs or gay associations. 

Section 5 of this law, imposes a 14-year prison jail term on anyone who enters into a same-sex marriage marriage or civil union in Nigeria and imposes a 10-year sentence on individuals or groups, including religious leaders, who witness, abet, and aid the solemnization of a same-sex marriage or union. It also imposes a 10-year prison sentence on those who directly or indirectly make a public show of a same-sex amorous relationship and anyone who registers, operates, or participates in gay clubs, societies, and organizations including supporters of those groups. This law in its section 4 expressly prohibits and expressly bans any gay association and its activities or its registration. 

By the content of this law which is still in full operation in Nigeria, if those arrested by the Delta state police command are to be charged to court, the gay partners who celebrated the marriage will be sent to jail for 14 years each while those other persons who were there to witness the solemnization will be slapped with a ten years jail term each. That is the law. 

This law vests its jurisdiction on the state high courts and the federal high courts. Therefore, when a suspected gay person is to be tried and prosecuted, it is the state high court or the federal high court that has jurisdiction.