The Jebel Ali Free Zone (Jafza) has signed a Memorandum of Understanding (MoU) with the DIFC Dispute Resolution Authority (DRA.) This provides Jafza registered companies, their employees and investors, access to a suite of established,…
Although the Companies Law (Federal Law 2/2015 concerning commercial companies), which came into effect in July 2015, did not bring about ground-breaking changes to the legal regime surrounding limited liability companies (LLC) in the United…
Important Notice for Companies Incorporated in Mainland UAE! The deadline to amend your company's memorandum of association ("MoA") to bring it in line with the provisions of the new UAE Commercial Companies Law (Federal Law…
Fichte & Co is proud to announce another milestone in the history of the company. As part of our continuous commitment to excellence our firm was awarded ISO 9001:2008 certification. The awarded certification puts us…
In another first in the DIFC Courts, Fichte & Co recently represented the Defendant in the case of DNB Bank ASA v. (1) Gulf Eyadah Corporation (2) Gulf Navigation Holding PJSC, (CFI 043/2014 of 2nd…
In order to address the International Monetary Fund’s (IMF) concerns about overinflated markets and to secure long term stability of the DIFC property market, the DIFC Authority announced a revised freehold transfer fee from 3.5%…
Rera Developers will have to setup an IOA before claiming fees for services after the 1st year A new circular published on March 10 by RERA, the regulatory arm of Dubai Land Department (DLD) states…
In line with its stated aim to create a transparent and professional real estate market with clear and measurable standards, Dubai Land Department ( DLD ) has announced the launch of unified real estate contracts.…
The Federal National Council of the United Arab Emirates (the “FNC”) has approved a new draft version of the Federal Law No. 8 of 1984 Concerning Commercial Companies (the “CCL Draft 2013”) which will come…
