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

[vc_row][vc_column][vc_column_text]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 …

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

[vc_row][vc_column][vc_column_text] 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 Partnership Between Fichte & Co. and Middlesex University Dubai

[vc_row][vc_column][vc_column_text]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 …

Get In Touch