New regulation on Bounced Cheques and its Implications
Introduction The UAE being a commercial hub with an expanding economy, cheques are one of the common forms of payments, regardless of the size of the transaction, and they are also used as a method…
Fichte & Co Partners are now appointed as Special Agents of the Liberian Maritime Authority
Fichte & Co, a leading UAE based lawfirm, is delighted to announce that Jasmin Fichte, its Managing Partner, and Alessandro Tricoli, its Partner and Head of Shipping Department, have been appointed as Special Agents of the…
Limitation of Liability for Maritime Claims (LLMC) Convention and Applicability in the UAE: 10 Things to Know
Introduction The UAE has recently ratified the 1996 Protocol to the 1976 Convention on Limitation of Liability for Maritime Claims (LLMC) and this protocol will enter into force on the 23rd of May 2021. What…
A new committee to settle heirs’ disputes in Dubai
Based on decision No. 8 of 2021, a Special Tribunal was formed to consider and decide upon any applications, claims, discussions, and appeals submitted in terms of selling inherited residential real estate. This special judicial…
MoE: Register your non-financial business to anti-money laundering systems
The UAE Ministry of Economy (MoE) announced that all Designated Non-Financial Businesses and Professions (DNFBPs) must complete their registration in the following anti-money laundering systems by March 31, 2021. This is part of the UAE’s…
New Visa options in the UAE
The last months have witnessed significant new visa reforms in the United Arab Emirates. The coronavirus pandemic has seen an exponential rise in the number of people switching to remote work. While working from home is becoming the new normal,…
The kerfuffle of apps terms of use: can they change anytime?
It’s no secret that apps run our lives. The advancement of mobile technologies has opened the gates to a plethora of goods and services, now easily available at our fingertips. With the increased use of…
Right of Arrest Under UAE Law for Unpaid Bunker Suppliers
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…
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…