A Comprehensive Guide to Combating Commercial Fraud

The United Arab Emirates has introduced a significant overhaul to its commercial fraud legislation with the 2023 Federal Decree No. (42), replacing the previous 2016 law. This new legislation aims to bolster consumer protection and redefine fraudulent practices within the country. Expanded Definition of Fraudulent Goods: The decree now includes goods that do not meet…

UAE Ministry of Economy Unveils ‘Patent Hive’ Initiative to Boost Inventor Support

UAE Ministry of Economy Unveils ‘Patent Hive’ Initiative to Boost Inventor Support In a significant move to empower inventors and stimulate innovation, the UAE Ministry of Economy has launched the ‘Patent Hive’ initiative. This strategic program aims to streamline and reduce the costs associated with patent registration, thereby encouraging more inventors to secure patents for…