news-details
Business

Dubai International Financial Centre Executes Intellectual Property Regulations

Dubai International Financial Centre (DIFC), the prominent international financial hub in the Middle East, Africa and South Asia (MEASA) region has declared new Intellectual Property Regulations (IP Regulations) with effect from 5 July 2021.

The introduction of the regulations reflects the Centres continuing commitment to maintaining a transparent and robust legal and regulatory framework aligned with global best practice. It also supports DIFCs focus on advancing innovation by identifying and protecting intellectual property rights, which is of key importance to technology and start-up companies.

IP Regulations have been approved by the DIFC Authority Board of Directors and issued under the Intellectual Property Law, DIFC Law No. 4 of 2019 (IP Law), facilitating the administration and enforcement of the DIFC IP Law. DIFCs IP Law and Regulations enhance and augment the UAEs existing intellectual property laws by working with the federal regime and DIFC legal framework, common law principles and the certainty provided by binding legal precedent created by the DIFC Courts.

Regulations provide further clarity on the powers and functions of the Commissioner of Intellectual Property (the Commissioner). They also have a lay out of the process and requirements for filing intellectual property infringement complaints, inspections and investigations in connection with violations of the IP Law. Additionally, the IP Regulations cover issuing of directions by the Commissioner, along with the particulars that must be contained in such directions.

The regulations set up a Register of Experts that the Commissioner may appoint to assist in the investigation of a complaint. They also enable the Commissioner to cooperate with relevant federal and local authorities in the UAE for the seamless protection of intellectual property rights across each of their respective jurisdictions.

Related News

Emirates Stallions Group Repor ...

Emirates Stallions Group (ADX: ESG), a leading conglomerate with operations in Workforce Solutions, Construction, and Real Estate, and a subsidiary of International Holding Company...

Investopia Global Talks Launch ...

The Investopia Global Talks initiative has launched a new session in Chennai, Tamil Nadu, India, with a focus on enhancing the economic partnership between the United Arab Emirates...

Samsung Gulf Hosts Inaugural G ...

Samsung Gulf Electronics celebrated the UAE's vibrant creative community at its first Galaxy Creators' Day event, showcasing the latest flagship devices from the Galaxy lineup. The...

Huawei’s Oman Commercial Roads ...

Huawei hosted the Oman leg of its Middle East and Central Asia (ME&CA) Commercial Roadshow on July 22 in Muscat, focusing on advancing digital transformation in line with Oman ...

SuperBridge Summit 2024 to Showcase ...

The Dubai World Trade Centre (DWTC) and the SuperBridge Council have reaffirmed their commitment to establishing the Middle East as a premier destination for innovation and entrepr...

Mamo Secures $3.4 Million to Enhanc ...

Mamo, a UAE-based fintech startup dedicated to streamlining payment collection, corporate cards, and expense management for small and medium-sized businesses (SMEs), has successful...

Dubai International Chamber Attract ...

The Dubai International Chamber, part of Dubai Chambers, has made significant strides in attracting foreign direct investment and supporting local companies' global expansion effor...

Applications Open for MBZUAI’s Six- ...

Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) invites thirty local and international executives to apply for its upcoming six-day intensive program, the MBZUAI E...

Fourth Phase of Riviera by Azizi De ...

Azizi Developments, a prominent private real estate developer in the UAE, has announced significant progress in the fourth phase of Riviera, their French Mediterranean-inspired wat...

GPCA to Recognize Young Talent in A ...

The Gulf Petrochemicals and Chemicals Association (GPCA) is set to celebrate the innovative ideas and talents of GCC university students in the field of agri-nutrient sustainabilit...