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 internationally renowned leaders on the topic of Intellectual Property Valuation in the world, notably Dr. Ulrich Moser, Partner in Ernst &Young , 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:
- A global consensus of experts on IP valuation and financial reporting theme is needed.
- A recommendation that ASIP/ ASCA & ESAC call for a workshop of experts to start the process.
- A workshop for experts in IPR, legal and accountancy professions.
- Inviting the following to aforementioned workshop:
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
- Forming a workshop task force to work on:
1. Valuation methodology and policy.
2. Accountancy standards related thereto including presentation
3. Auditing standards related thereto including reporting.