Dissolution of EMAC and its effects on the business community
On September 14 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. 34 of 2021 (“Decree”) regarding the Dubai International Arbitration…
ADGM announces its new Data Protection Regulations 2021 – Here is what you need to know
Introduction The Abu Dhabi Global Market (ADGM) recently issued the ADGM Data Protection Regulations 2021, “Regulations”, which will replace the prevailing ADGM Data Protection Regulations 2015 (as amended in 2018) the (“Former Law”). The new…
Is it going to be the end of abandoned vessels in UAE waters?
Recently, we have witnessed the massive development in the UAE maritime industry; the UAE has acceded to two major international conventions, namely the 1996 Protocol on Limitation of Liability ("LLMC") and the 2001 International Convention…
8 Things to know about the International Convention on Civil Liability for Bunker Oil Pollution Damage in the UAE
The UAE recently approved the accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (the 'Bunker Convention'), which has entered into force in the territory of the UAE on 23rd…
Changes in the Consumer Protection Legislation in UAE: everything you need to know
Introduction Offering an augmented revising to the legal structure bordering consumer protection, Federal Law No. 24/2006 on the Consumer Protection (the "Former Law "), has been rescinded and replaced with Federal Law No. 15/2020 on Consumer Protection (the Consumer Protection Law).…
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…