The Dubai International Financial Centre Authority has enacted a new IP law aimed at fostering innovation and improving the protection and enforcement of IP rights. On 21 November 2019, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, enacted a new Intellectual Property Law (Law No. 4 of 2019, the DIFC IP Law).
Cabinet Decision No. 51 of 2019 (issued on 4 July 2019 and published on 7 July 2019), introduces a new fee and fine structure, whereby fees for over 100 services will be cancelled, and those of eight services will be reduced by up to 50%. This is welcome news for brand owners, whose fees have now been reduced by up to 50%, particularly those considering trade mark registration in the UAE.