Insurance Archives - Fichte & Co

Salient Q&A on the impact of COVID-19 on the labor market in the UAE

Note: THIS IS APPLICABLE FOR UAE COMPANIES THAT FALL UNDER THE APPLICATION OF THE FEDERAL LAW 8 0f 1980 AS AMENDED. GOVERNMENT ENTITIES ARE THEREFORE EXCLUDED. Can the employer oblige the employees to come to work during the Coronavirus pandemic? Whereas it is difficult to issue a clear answer to the question due to dependency...

New horizons in cross-border enforcement? English Courts enforce a Dubai Courts judgment.

In 2020, the English High Court recognized and therefore ordered summary judgment for the enforcement of a Dubai Courts judgment. The English Courts’ approach in Lenkor Energy Trading DMCC v Puri [2020] EWHC 75 (QB) may mark a new era in enforcement of foreign judgments. Primarily, the general principle regarding recognition and enforcement of a...

February 26, 2020

Force Majeure and the Coronavirus

1.Introduction As at the time of writing this article, the confirmed coronavirus cases now exceed 76,262 and caused more than 2,100 deaths (26 February 2020) (CNN). In the UAE, so far there has been a record of 13 people infected with the virus, however, three of the patients successfully recovered from the virus during the...

January 14, 2020

Will insurance cover damages by rain? UAE law firm clarifies

Residents have questions whether these damages are covered under the insurance as rains are caused by "intentional act" of cloud seeding. Damages to vehicles and properties caused by the ongoing record-breaking rain spell are generally covered under the UAE insurance policies unless it has been explicitly excluded in the agreement, legal experts have said. Sridhar...

December 16, 2019

Marine Insurance Roundtable 2019

New maritime regulations in 2020 to target more foreign investment The new law will open up the maritime sector for foreign investors. The Federal Transport Authority (FTA) in the UAE is working on a whole new set of maritime regulations to attract more foreign investment which would be issued next year, according to a senior...

October 21, 2019

Gulf Tanker Attacks: Implications on Costs

Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the Iraq-Iran War in the 1980s, oil terminals and tankers were under severe attacks, which directly affected the economies of both nations, in addition to the safety of maritime traffic. Very...

September 18, 2019

UPDATE: Medical Liability Law in the UAE

Legal liability, whether criminal or civil, happens as a result of an act (or omission of an act) committed by a person, which results in damage to a third party, this includes medical malpractice. Under the Medical Liability Federal Law No. 4 of 2016 (the “2016 Law”), a medical professional is required to pay necessary...

UAE Reduces the Official Fees for Trademark Registration

Pursuant to Cabinet Decision no. 51 of 2019, the United Arab Emirates announced a new amended fee and fine structure where in it has cancelled the fees for 102 services and reduced the charges for other services among 110 services offered by the Ministry of Economy, including those related to intellectual property matters , as...

DIFC Proposes New Data Protection Law

On 18 June 2019, the Dubai International Financial Centre (DIFC) issued Consultation Paper No. 6 of 2019 (“Consultation Paper”) seeking public comments on the proposal by the Dubai International Financial Centre Authority (DIFCA) to issue a new Data Protection Law aimed at enhancing the existing legal framework on data protection in the DIFC (“Proposed Law”)....

UPDATE: New DIFC Wills and Probate Rules

The DIFC Wills and Probate Registry (WPR) has been established as an official mechanism for non-Muslims to register their wills and have it enforced through the DIFC Courts. Previously there was a lot of uncertainty with regards to the registration of wills of non-Muslims since Shari’a principles govern inheritance throughout the UAE. If an expatriate...