IP Advisory Board to Develop IP Valuation Standards in the Arab World
23 Feb 2006IP Advisory Board to Develop IP Valuation Standards in the Arab World
By Nada Zaytoon
AMMAN - The Intellectual Property Valuation Task Force, which was formed in Dubai to undertake work related to valuation methodology and policy, established on Wednesday an advisory board to develop Intellectual Property Valuation Standards in the Arab world.
The meeting which was chaired by Talal Abu-Ghazaleh, chairman and CEO of Talal Abu-Ghazaleh Organization (TAGorg) stressed on the need to act immediately.
"We believe that now is the right time to set and work on developing our own IP standards for the Arab world," he said.
"Our serious and immediate action will attract the attention of the international community," he added.
He pointed out that the Advisory Board will include IP experts, lawyers, economists, engineers and businessmen.
"These professionals from different organizations such as: The Arab Society of Certified Accountants (ASCA), The Arab Society for Intellectual Property (ASIP) and Abu-Ghazaleh Legal will be the core of this Advisory Board," he said.
The Advisory Board chaired by Talal Abu-Ghazaleh, and vice-chaired by Ulrich Moser includes: Danny Huntington, Heinz Goddar, Ingo Bruckner, Edward Gress, John Small, Hisham Kurdi and Mohammad Al-Dahleh.
Meanwhile, Abu-Ghazaleh emphasized on the role of Talal Abu-Ghazaleh College of Business (TAGCB) which is part of the German Jordanian University in developing IP standards.
"The draft of IP Valuation Standards which will be prepared by Vice-Chair Ulrich Moser will be ready once the Advisory Board meets in Berlin next July," he said.
Igno Bruckner, an expert in the field of intellectual property management and a member in LES - Germany said that it is an important and tremendous step.
" This project will contribute positively to the field of Intellectual Property in the Arab world but it is not going to be an easy task to accomplish," he told ag-IP-news Agency.
“It is true it will require a lot of effort, but it is feasible," he added.
"If all members work consistently together, such project will be materialized in a year or two,” he pointed out.
Meanwhile, Prof. John Small, a member of TAGorg International Board of Advisors (TIBA) stressed that this project is a necessity.
"A project of such a magnitude requires a lot of work and coordination in addition to time," he said.
The Intellectual Property Valuation Task Force was formed during the IP Valuation seminar which was held in Dubai in 2005 and 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).
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