The Gulf Widens on Enforcement of Foreign Judgment’s
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…
DIFC Revises Freehold Transfer Fee
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%…
DLD Toughens Up on Negligent Developers
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…
DLD Makes Unified Real Estate Contracts Mandatory
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.…
New Draft Of Commercial Companies Law (CCL)
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…
New Rental Cap Decree In Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. 43 of 2013 (“Decree 2013”) in connection with the real estate rental increase in the Emirate of Dubai. The provisions of Decree 2013…
DIFC Amends Real Property Regulations
The Dubai International Financial Centre Authority has announced it has launched a consultation on proposed amendments to its Real Property Regulations. The consultation ends on 22 February 2014. If adopted, the proposed amendments would increase…
Fichte Wins “Corporate And Commercial Law Firm Of The Year” 2013
Fichte & Co Legal Consultancy wins Finance Monthly Law Awards 2013 for“Corporate and Commercial Law Firm of the Year” We are pleased to announce that Fichte & Co has won the Finance Monthly Law Awards…
