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…
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 New Bankruptcy Law – Stepping up to Challenges in a Post-pandemic Economy
Throughout the United Arab Emirates (UAE), a collective frustration existed with insolvencies due to the time-consuming nature and significantly low recovery rates, which stemmed from outmoded insolvency laws under Book 5, Article 645-900 of Federal…
How to Safely Close Down a Business in Mainland, UAE?
Introduction The two most prevalent routes that have been undertaken for liquidating a company are either ‘voluntary winding up’ specified under the Federal Law No. 2 of 2015 -The Commercial Company law (the “Companies Law”)…
RAKEZ is Now Offering 100% Ownership
RAKEZ OFFERS 100% FOREIGN OWNERSHIP IN MAINLAND WITH FDI COMPANY SET-UP In response to the UAE Government’s efforts to provide relief to businesses during the COVID-19 pandemic, a number of free zones have announced major…
Everything You Need to Know about End of Service Gratuity in the UAE
The End of Service Gratuity (‘EOS’) is a benefit granted by the UAE Federal Law no. 8 of 1980, as amended (‘Employment Law’) to the expatriate workforce in the private sector. Consequently, the benefit applies…
Fujairah Opens for Crew Changes
Travel restrictions and border closure imposed by governments around the world due to the Coronavirus outbreak, have caused significant hurdles to crew changes and left many seafarers stranded onboard ships or unable to join ships.…
Website Cloning – A Business Reality with Intricate Legal Consequences
The newest and most effective marketing tool for business exists nowadays in the digital world. Whereas a good and attractive website has all the prerequisites to have a strong impact on the market share and…
Dubai International Financial Centre (DIFC) Data Protection Law 2020
A revisited legal regime and a building block for the high standards of the financial center From July 1, 2020, the date of entry into force of the new DIFC Data Protection Law, the financial…