Wednesday 27 November 2019
The Dubai International Financial Center (DIFC) has enacted the new DIFC Intellectual Property Law, Law No. 4 of 2019, which took effect on November 21, 2019.
The law complements the DIFC’s commitment to international best practice, aiming to govern the enforcement of intellectual property rights in the DIFC.
DIFC is the world’s eighth-ranked international financial center and the number one financial hub in the Middle East, Africa and South Asia (MEASA) region.
The IP law aims to enable DIFC entities to protect their intellectual property rights within the DIFC and create a safe environment for creativity and innovation.
The law covers Patents, Utility Certificates, Industrial Designs and Drawings, Copyright, Trademarks, Trade Names and Trade Secrets in line with international treaties and best practices.
Key aspects of the law include:
Global bench-marking and public consultation helped shape the law to ensure that the DIFC remains the most sophisticated and business-friendly Common Law jurisdiction in the region.
The new law can be viewed here.