Patent And Trademark Fees In Venezuela

On Feb. 1, 2019, the Venezuelan Ministry of National Commerce sent a notification that patent and trademark fees shall be paid in the Venezuelan cryptocurrency "PETRO." HOWEVER, the United States government, by Executive Order 13827 (March 19, 2018), expressly prohibits such transactions by U.S. persons, including individuals and companies, relating to any digital currency, digital coin or digital token issued by, for or on behalf of the government of Venezuela on or after Jan. 9, 2018. Accordingly, at this time we cannot pay for renewal or...