In its continuous efforts to facilitate investment and innovation, the Dubai International Financial Centre enacted a new law governing all aspects of intellectual property within its territory.
The DIFC Intellectual Property Law of 2019—which entered into force today, November 21, 2019—recognizes all IP registrations in the United Arab Emirates, including trademarks, patents, copyrights and industrial designs. While the Law does not establish an IP registry, it inaugurates the position of DIFC IP Commissioner that will be responsible for enforcing the law, dispute resolution, and the imposition of fines for infringement under the jurisdiction of the DIFC.
By way of background, the DIFC is a special economic zone in the city with its own independent judicial system. The district houses hundreds of financial institutions, including wealth funds and private investors.
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