Lawyers Archives - Fichte & Co

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December 22, 2020

Right of Arrest Under UAE Law for Unpaid Bunker Suppliers

RIGHT OF ARREST UNDER UAE LAW FOR UNPAID BUNKER SUPPLIES (SHIPOWNERS’ CONSIDERATIONS) Time charterers and demise charterers are usually responsible for supplying the chartered vessel with bunker supplies for the term of the charterparty. Bunker supplies are often supplied on credit terms with a delayed term for payment following the delivery of the bunkers. During...

Importance of Non-Disclosure Agreements (NDA) for Startups

In the current times, most startups aim at implementing innovative business ideas, new technologies, and, most probably, unicity. Whereas registering, financing, and making a startup work usually imply a plethora of things to complete, one must not oversee the legalities of it. Innovation and the uniqueness of an idea represent, from a legal standpoint, a...

December 21, 2020

Civil Liability for Bunker Oil Pollution Damage

UAE APPROVES TO JOINING OF THE INTERNATIONAL CONVENTION ON CIVIL LIABILITY FOR BUNKER OIL POLLUTION DAMAGE UAE Federal Law No. 166/2020, issued on 10th November 2020, has approved the joining of the International Convention on Civil Liability for Bunker Oil Pollution Damage 2001 (the “Convention”). In this article, we aim to highlight the most important...

November 29, 2020

FICHTE WEBINAR: UAE Labor Law – Limited v Unlimited Contracts

Free Live Webinar UAE residents and companies are still very unsure of their employment rights until they are forced to defend those rights in court. Our webinar focuses on the difference between limited and unlimited contract, end of service gratuity under each contract. The webinar was presented both in English and Arabic, including 30 minutes...

November 24, 2020

UAE Overhauls Corporate Rules and Allows 100% Foreign Ownership in Mainland Companies

On November 23 2020, the UAE President, Sheikh Khalifa Bin Zayed Al Nahyan, issued a Decree amending 51 articles and introducing certain new provisions in Federal Law no. 2 of 2015 (Commercial Companies Law). This update aims at analyzing the primary impact of the Decree in the jurisdiction and its relevance for the corporate restructuring...

Direct Executory Force of Notarized Debts

In the UAE, a debt is directly executable before the UAE Courts where it has been notarized and stamped with a stamp of execution by a notary public. This may be an attractive route for settling debts, for debtors and creditors alike, due to the time and cost-efficient nature of the process. In particular, it...

October 21, 2020

Overview: Enforcement Proceedings of Domestic and Foreign Judgements in the UAE

Introduction In the UAE, the general procedures for the execution and enforcement of domestic and foreign judgements are set out in Federal Law No. 11/1992 and its recent amendments (Cabinet Decision No. 57/2018 and Cabinet Decision No. 33/2020) (together the “Civil Procedure Code”). Enforcement of domestic judgements Enforcement proceedings may be initiated after obtaining a...

October 20, 2020

A Partnership Between Fichte & Co. and Middlesex University Dubai

Since 2016, the partnership between Fichte & Co and Middlesex University Dubai, has focused on establishing a common platform in order to cultivate law students for their transition from academia to the professional industry. The partnership was also sealed by the signing of a Memorandum of Understanding, where both parties committed to a mutually beneficial...

Dubai Court Dismisses Oligarch’s $115 Million Damages Claim Against Ex-wife

A Russian oligarch's claim for $115 million in damages against his former wife, after a superyacht was impounded in Dubai as part of a costly divorce battle, has been dismissed by the emirate's highest court. The 115-meter MV Luna has been held in Dubai since February 2018 while lawyers for oil and gas tycoon Farkhad...

October 13, 2020

Expat Female Lawyer Jasmin Fichte Gets 10-year UAE Golden Visa

Jasmin Fichte, founder and managing partner of Fichte & Co, was granted a 10-year golden visa by Dubai authorities on Sunday, becoming the first female lawyer in the UAE to receive the visa. Fichte is a German national and has been a UAE resident for more than 20 years. The UAE government had chosen 6,800...