Business Law Archives - Fichte & Co Legal

Impossible, Delayed or Simply More Expensive? Force Majeure and Hardship under the New UAE Civil Code

Florian Herkommer — Fri, 31 Jul 2026 12:21:35 +0000

Commercial disruptions can affect contractual performance in different ways. A government restriction may prevent delivery, a critical asset may be destroyed, or performance may remain possible but become substantially more expensive. These situations are often described generally as force majeure. Under UAE law, however, the legal consequences depend on whether performance has become impossible or …

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Before the Signature: Why Good Faith Now Matters at the UAE Negotiating Table

Galymzhan Alpeis — Fri, 24 Jul 2026 08:29:53 +0000

What if the biggest legal risk in your next deal has nothing to do with the contract itself? Most businesses assume that legal obligations only kick in once a contract is signed. Under the new UAE Civil Code, that assumption no longer holds up. Think about how much happens before anyone reaches for a pen. …

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A New Era for the Commercial Companies Law: What the 2025 Amendments Mean in Practice

Florian Herkommer — Thu, 05 Feb 2026 10:13:04 +0000

With Federal Decree-Law No. 20 of 2025, the UAE has implemented one of the most far-reaching updates to its Commercial Companies Law in recent years. Rather than constituting incremental adjustments, the amendments implement structural reforms. The reform agenda is clearly practice-driven. It incorporates concepts long familiar in common law jurisdictions, enhances flexibility for investors and …

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Enforcing Foreign Court Judgments and Arbitration Awards in the UAE: A Simple Guide

Mahmoud Ahmed — Mon, 07 Jul 2025 05:00:08 +0000

When a court or arbitration panel issues a ruling in another country, enforcing it in the UAE isn’t always automatic. Specific legal steps are required to ensure that foreign judgments and arbitration awards are recognized and executed within the country. Here’s a simplified breakdown of how it works and the potential challenges involved. Understanding Enforcement: …

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Fichte & Co Expands Expertise with the Appointment of Manik Verma as Partner – Ship & Aviation Finance

Chiara De Maria — Mon, 17 Mar 2025 05:55:08 +0000

Dubai, UAE – 17 March 2025 – Fichte & Co is pleased to announce the appointment of Manik Verma as Partner – Ship & Aviation Finance, reinforcing the firm’s position as a leading provider of legal services in the maritime, aviation, banking and financial sectors. Manik joined the firm on March 3rd, 2025, bringing over …

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New Amendments To UAE Federal Decree Law No. 33/2021 on Labour Relations

Carola Uva — Thu, 05 Sep 2024 08:19:58 +0000

On 29 July 2024, the new Federal Decree Law No. 9/2024 was enacted and introduced significant amendments to certain provisions of Federal Decree Law No. 33/2021, which governs labor relations. These changes, effective from 31 August 2024, brought notable innovations to Article 54 (on individual labour disputes) and Article 60 (on penalties) of Federal Decree …

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An insight into the revamped Ultimate Beneficial Ownership Regulations in the UAE as of 2024

Dr. Laura Voda — Tue, 11 Jun 2024 05:36:06 +0000

A recent overhaul of the regulations concerning the determination of an Ultimate Beneficial Owner (UBO) has brought about considerable changes in the UBO determination and filing for entities in the UAE. The most significant is the ability of the Registrar to adopt a risk-based approach in the determination of the UBO which will be discussed …

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