Lawyers 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 Special Analysis on the UAE Maritime Commercial Law

A special analysis on the UAE Maritime Commercial Law: The current status and what is needed to be done to improve it In line with government's vision, the UAE Federal Transport Authority ("the FTA"), being the federal entity responsible for the maritime sector, has adopted a long term strategic plan to transform the UAE into...

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...

Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

Definition of bankruptcy: Legally speaking, bankruptcy is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties and ceases to pay its debts when they fall due because of its troubled financial position and insolvency. Historical background: The Federal Bankruptcy...

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,...

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...

An Interview With Jasamin Fichte

20 questions with the Managing Partner, Jasamin Fichte If there is one thing the maritime lawyer could do with, it’s more time. To read a good book, go for a quiet walk, maybe finish that PhD on wreck removal, and then there’s a golf handicap that needs some serious work. What was your earliest memory?...

Is it illegal to trade in cryptos in absence of regulations in the UAE?

Cryptocurrencies are new to our world, hence, they are not regulated in most of countries. Therefore, the question arises, whether it is legal to trade in cryptos when there are no regulations in place. "The answer is no. There is nothing in the UAE law, right now, that prohibits a person from lawfully purchasing crypto...

The UAE Legal Guide Book

From time to time lawyers, investors and CEOs are given responsibility for operations in the jurisdictions they are unfamiliar with. Whether they have recently joined a company with interests in a new jurisdiction, they are now overseeing an unfamiliar region or have recently gained clients with interests in such a location. The guide is considered...