Corporate & Commercial Archives - Fichte & Co

August 29, 2018

All You Need to Know About Debt Recovery Procedures in the UAE

Debts can be traced back to that time before the barter system was replaced with the metallic currency. At that time, people exchanged services and goods for other services and goods in return. But, what if there were no current services or goods to be exchanged with, and what if one party failed to supply...

August 28, 2018

A 10-Point Guide on Antitrust and Competition Law in the UAE

Until the issue of the Federal Law No. 4 of 2012 on the Regulation of Competition, the United Arab Emirates (UAE) lacked a composite law on competition, with elements of competition law strewn over various legislations. In 2013, the said law came into force, aiming to curb anti-competitive practices and regulate economic concentrations. This article...

August 27, 2018

8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property Laws

Purchasing off-plan property has become the new norm, with affordable prices and the increase in incentives being offered, purchasers are quick to jump on the bandwagon. The Dubai Law No. (8) of 2007 On the Matter of Escrow Accounts for Real Estate Development ("Escrow Law") was issued for the purposes of safeguarding purchaser’s money after...

Glossary – learn the most important crypto and blockchain terms.

A Address A string of letters and numbers that are used to receive cryptocurrency. Works similar to a traditional bank account number and can be shared publicly with others. All Time High (ATH) Refers to the maximum price of an asset, higher than at any other time in its trading history. Cryptocurrencies have risen dramatically,...

UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments

The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not a consideration for a supply, there is no VAT due. Often times, there are penalty clauses or liquidated damages clauses...

Zero-Rating The Export of Services: A Basic Guide for Service Providers and Consultants

Whether to zero-rate the export of services and how to do so, has been a recurring concern amongst businesses in the UAE, especially to those providing consultancy services. Federal Law no. 8 of 2017 on Value Added Tax (“Vat Law”) and Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law...

Demystifying The Financial Regulatory Landscape In The UAE

Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants black and white. This article seeks to answer some of the most asked questions of the financial regulatory system in...

Update: Ministerial Decision for Part-Time Contract Workers in the UAE

Key Considerations for Ministerial Decision no. 31 of 2018 Concerning Developing a New Employment System Under Part-Time Contracts (“Ministerial Resolution”) The Ministerial Resolution which allows part-time work in the UAE to be conducted without the approval of an employee’s sponsor has recently been published, allowing for greater movement for workers in the UAE. The Ministerial...

Digital Directions

Digital assets have been hitting the headlines regularly. Irina Heaver, Partner and Head of Commercial & Technology explains with a host of different terms being used, and many different regulators and regulations potentially being relevant depending on the nature of the specifc assets it is important to understand the latest regulatory positions. To read the...