Changes in the UAE Tax Residency – To come into force in March 2023
Cabinet Decision No. 85 of 2022 on the Determination of the Tax Domicile (hereinafter referred to as the “Decision”) is the newest development in the tax related legislation of UAE. The Decision will come into…
We did it again: Leading law firm Fichte & Co is now the first LLC registered law firm in the UAE.
The firm is committed to constantly evolving and growing by welcoming new partners and granting its continuity Dubai – United Arab Emirates –22 of September, 2022: After earning many landmark judgments for its clients, Fichte…
The interpretation of “otherwise” in a Jurisdiction Clause
On 29 July 2022, the English Commercial court rendered a decision in Al Mana Lifestyle Trading LLC & Ors v United Fidelity Insurance Company PSC & Ors [2022] EWHC 2049 (Comm) case, whereby the claim…
New Emiratisation Laws – 2% Emiratisation Law and Classification Law
What is Emiratisation? The initiative by the Government of the UAE to increase the number of UAE nationals employed in the private and public sectors is called Emiratisation. The Emiratisation program is an…
DIFC: Proposed updates to data transfer guidance materials
In light of the global developments around data protection, specifically on the cross-border transfer of data, the Dubai International Financial Centre ('DIFC') seeks to provide enhanced tools to equip businesses and ensure compliance with both…
Fichte & Co relocates to a bigger and better office in the heart of the Emirate
The relocation in line with the firm’s commitment to constantly evolve and improve in order to serve its clients better. Dubai – United Arab Emirates –07 of July, 2022: Fichte & Co Legal, one of…
Dubai’s Virtual Assets Regulatory Authority – the world’s first regulatory authority to enter the metaverse
The recent announcement that Dubai's Virtual Assets Regulatory Authority (DVARA) has entered into the metaverse with the establishment of its Metaverse HQ made it the first regulator to have a presence in the emerging digital…
The Virtual Horizon
Dubai surprised many businesses earlier this year when it issued a new Virtual Assets Law. Dr Laura Voda, Of Counsel at Fichte Legal, examines this law’s most significant provisions and what could be next in…
Registration of Security Interests over Movable Property in the UAE
Historically, the practice of creating security in the UAE could be distinguished from common law jurisdictions, with no recognition of floating charges or future assets. There was no comprehensive legislation which mandated the registration of…
