Dubai IP valuation Declaration: Event to focus on bringing international practices in Intellectual Property Valuation to the Arab World

An international seminar on Intellectual Property Valuation was held at Al Bustan Rotana Hotel in Dubai on November 27 and 28, 2005. The two-day seminar was organized by Federation Internationale Des Conseils En Propriete Industrielle (FICPI) and Licensing Executives Society ? Arab Countries (LES-AC), and sponsored by Abu-Ghazaleh Intellectual Property (AGIP), this seminar was attended by about 120 experts, IP owners and lawyers, from several countries and inaugurated by Mr. Talal Abu-Ghazaleh.

The seminar focused on the valuation and pricing methods relating to Intellectual Property, with specific reference to the Arab World.

The speaker line-up included such internationally renowned leaders on the topic of Intellectual Property Valuation in the World notably, Dr. Ulrich Moser, Partner in Ernst&Young?s , Dr. Heinz Goddar, Partner of Boehmert & Boehmert, Ingo Bruckner, attorney at Daimler Chrylser AG, Danny Huntington, Partner in Bingham McCutchen, Waleed Hashem, Executive Director of Abu Ghazaleh &Co in Abu Dhabi and Ehab Dawoud, Financial Controller of Abu Ghazaleh Intellectual Property.

Mr. Abu-Ghazaleh called in his closing speech for:

1. A global consensus of experts on IP valuation and financial reporting theme is needed.
   
   
2. It is recommended that ASIP/ ASCA & ESAC call for a workshop of experts to start the process.
   
   
3. Experts for the IPR, legal and accountancy professions are to be invited to the workshop.
   
   
4. The following, at least, are to be also invited:
   
   
   a. PACOB, FICPI, LESI, AIPPI, AIPLA, INTA, USPTO, JPO, EPO, IPO, OHIM, UNICE etc?
   b. IFAQ, ICC, AICPA, ACCA, NACVA, etc?
   c. ABA, Law associations
   d. IP Assets owners
   e. IP Firms & Accounting Firms
   
   
5. It is expected that the workshop will elect a TF to undertake work on:
   
   
   1. Valuation methodology and policy.
   2. Accountancy standards related thereto including presentation
   3. Auditing standards related thereto including reporting.