Insurance Archives - Fichte & Co Legal

The “Dark Fleet” Phenomenon: Risks for Charterers and Owners

Arthur Dedels — Fri, 12 Sep 2025 11:47:51 +0000

In recent years, the so-called “dark fleet” has transformed the maritime landscape. This shadow network consists largely of old tankers in sanctioned trades, particularly involving Russian, Iranian, or Venezuelan oil. These vessels often use deceptive practices such as AIS spoofing, ship-to-ship transfers, forged documents, concealed ownership, and rapid flag-hopping. At first glance, the dark fleet …

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Understanding the Jurisdiction, Powers, Function and Fees of the Insurance Committee for Settling and Resolving Insurance Disputes

Habib Babikir — Wed, 11 Jun 2025 05:50:21 +0000

The United Arab Emirates (UAE) has established a unified regulatory body for the insurance and banking sectors, known as the Ombudsman Unit for the United Arab Emirates “Sanadak” (operating under the UAE Central Bank) Sanadak commenced operations on 07 March 2024, replacing the former Banking and Insurance Dispute Settlement Unit (BIDRU). The recently issued Federal Administrative …

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Introducing Sanadak: UAE’s first Ombudsman Unit for Financial and Insurance Consumer Disputes

Ravi P. Jawani — Thu, 28 Mar 2024 06:00:40 +0000

The UAE has taken a significant step towards enhancing consumer trust and protecting consumer rights with the introduction of the new ombudsman unit, “Sanadak”. This move follows the merger of the UAE Insurance Authority with the Central Bank of the UAE in 2020, forming a unified regulatory body for both insurance and banking sectors. The …

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A Glance in the New Insurance Law in the UAE

Ravi P. Jawani — Fri, 02 Feb 2024 04:30:40 +0000

In a significant development for the insurance sector, the recently published New Insurance Law on 31 October 2023, set to be enforced from 30 November 2023, marks an important moment in the regulatory landscape of the United Arab Emirates (UAE). The main reason for this legislative update is the formalization and codification of the transfer …

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The Curious Case of Causation

Chiara De Maria — Mon, 22 May 2023 20:31:40 +0000

‘FULL AHEAD’ ordered the Master on the Bridge, and so the fully laden good old bulk carrier, which has weathered many a storm in its more than two decades at sea, complemented by a seasoned crew, commenced its 14-day sea passage to the discharge port in fair winds and smooth seas, with the main engine …

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New compliance requirements in the UAE labour market in 2023

Dr. Laura Voda — Fri, 13 Jan 2023 01:00:07 +0000

The new year has brought with it changes in the legal landscape in the UAE, especially in relation to employment and governance of labour relations. This Article deals specifically with two laws that employees and employers need to ensure they are compliant with, starting this year. Part I: Mandatory subscription to the Involuntary Loss of …

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UAE Labour Law – The New Clause: Abrogation of maximum (3) three years term of the labour contract

Habib Babikir — Wed, 02 Nov 2022 18:20:20 +0000

On 15 September 2022 the UAE government issued a Federal Degree Law No. 14 of 2022 “the Amendment”, concerning the amendment of some provisions of Federal Decree Law No. 33 of 2021 on Regulation of Labour Relations. the new law amended the duration of the labour contract stipulated in article (8) clause (3) of the labour relations law. …

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What you need to know: The recent Unemployment Insurance Law No. 13 of 2022

Habib Babikir — Tue, 25 Oct 2022 01:20:20 +0000

On 15 September 2022 the UAE government issued a Federal Degree Law No. 13 of 2022 concerning Unemployment Insurance (“the Law”), which came into force on 29 September 2022 and applied to all workers (UAE National and Expats) in the private sector and the Federal government sector in the State. The Law defined the …

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The interpretation of “otherwise” in a Jurisdiction Clause

Ravi P. Jawani — Tue, 20 Sep 2022 04:30:20 +0000

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 was initiated by one of Al Mana Group companies, engaged in food/ beverage and retail sectors operating in the Middle …

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Insurers adopt the Poseidon Principles for Marine Insurance

Shehab Mamdouh — Wed, 19 Jan 2022 11:35:46 +0000

On 15th December 2021, six of the world’s leading marine insurers have publicly launched Poseidon Principles for Marine Insurance to keep the focus on the shipping industry’s progress towards decarbonization. In fact, this ground-breaking initiative makes marine insurance unique to establish a sector-specific methodology to support the reduction and elimination of carbon emissions. Moreover, this …

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