(2) Any country may denounce this law by notification to the Director General. This denunciation also constitutes the denunciation of the original law of 31 October 1958 of the agreement and concerns only the country that concluded it, the agreement remains fully in force and applies to the other countries of the Special Union. The Lisbon system provides for an international registration system for appellations of origin and geographical indications as part of a single procedure with WIPO. The holder of a national or regional designation or geographical indication may obtain the protection of the distinctive sign in the other parts of the Lisbon system through a uniform registration procedure and a minimum charge. However, the competent authorities of Member States that have received a notification of registration of a designation of origin have the right to refuse protection on their territory. Such a refusal of protection must be the subject of such a declaration, which must meet two requirements: the Lisbon Convention on the Protection of Names of Origin and their international registration, signed on 31 October 1958, guarantee that Member States protect appellations of origin when they are protected in their country of origin. It contains provisions relating to what is considered a designation of origin, safeguards and establishes an international register of origin maintained by the World Intellectual Property Organization. The agreement came into force in 1966 and was revised in Stockholm (1967) and amended in 1979 and 2015. Since May 2015, 30 states have been parties to the convention and 1,000 appellations of origin have been registered.  The Lisbon Express database allows the search of the names of origin registered under the Lisbon Agreement, the product to which they apply, their sector of production, the holder of the right to use the name of origin, the possible or pure invalidations notified by the Member States, etc. The Geneva Act establishes a high level of international protection. In principle, it corresponds to the protection of AO/GI registered in Switzerland. Swiss beneficiaries would benefit from this protection in many countries, notably in the EU, which tabled its accession instrument in November 2019.
Costly and costly negotiations on bilateral agreements with the geneva-based contracting parties would no longer be necessary. For Swiss beneficiaries, the new system could also be profitable in markets where expected turnover is currently modest, as there are no additional adjustment or administration costs other than registration fees.