Lawyers Archives - Fichte & Co Legal

UAE makes strides in crypto asset regulation: An analysis of the new UAE Central Bank Regulations on Stablecoins

Dr. Laura Voda — Mon, 29 Jul 2024 05:36:06 +0000

Over the past years, UAE’s resolve to be a leader in the virtual assets space has continued to strengthen. The latest development is the enactment of the Payment Token Services Regulation (the Regulations) issued by the Central Bank of UAE (CBUAE) by way of Circular No. 2/2024, to be effective in June 2025. Corresponding to …

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An insight into the revamped Ultimate Beneficial Ownership Regulations in the UAE as of 2024

Dr. Laura Voda — Tue, 11 Jun 2024 05:36:06 +0000

A recent overhaul of the regulations concerning the determination of an Ultimate Beneficial Owner (UBO) has brought about considerable changes in the UBO determination and filing for entities in the UAE. The most significant is the ability of the Registrar to adopt a risk-based approach in the determination of the UBO which will be discussed …

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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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Update: UAE Corporate Tax Registration Deadlines

Dr. Laura Voda — Tue, 26 Mar 2024 07:30:40 +0000

The Federal Tax Authority (FTA) in a recent decision, FTA Decision No. 3 of 2024 on the Registration Timeline for Corporate Tax has provided the deadlines for registration of Corporate Tax (CT). The deadlines are based on the categorization of persons into Resident Juridical Persons, Non-Resident Juridical Persons and Natural Persons. The Decision further stipulates …

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Fichte & Co Legal Expands Presence to Saudi Arabia, Offering Comprehensive Legal Solutions

Jasmin Fichte — Mon, 18 Mar 2024 06:20:40 +0000

Fichte & Co Legal is thrilled to announce a significant expansion of our services into Saudi Arabia, through a partnership with the esteemed law firm AlSuwaiket & Al Busaiyes (SB) managed by Dr. Bader AlBusaiyes. This collaboration marks a pivotal step in our mission to deliver exceptional legal services across the Middle East, complementing our …

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UAE Coming Out of FATF ‘Grey List’: a Milestone for Business Stability

Dr. Laura Voda — Mon, 11 Mar 2024 07:30:40 +0000

In the realm of global finance, the United Arab Emirates (UAE) has long stood as a beacon of opportunity, drawing investors and businesses from around the world. Another sound reason to enhance this undeniable truth is the recent removal of the UAE from the Financial Action Task Force (FATF) Grey List [1], which can only …

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Fichte and Co appoints Dr Laura Voda as Partner, strengthening its position in the thriving UAE legal landscape

Chiara De Maria — Tue, 25 Apr 2023 16:00:20 +0000

As the UAE continues to establish itself as an ideal hub for business, the need for reliable legal services continues to grow exponentially. With an increasing number of international companies setting up their operations in the country, navigating the local legal landscape can be complex and challenging. As a result, businesses operating in the nation …

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We did it again: Leading law firm Fichte & Co is now the first LLC registered law firm in the UAE.

Chiara De Maria — Thu, 22 Sep 2022 04:00:20 +0000

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 & Co Legal has now earned an unprecedented decision for itself with Ruler’s Court authorization to become the first law …

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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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New Emiratisation Laws – 2% Emiratisation Law and Classification Law

Irma Dzinic — Fri, 26 Aug 2022 05:00:20 +0000

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 important part of the UAE national agenda and has already been active for more than 10 years. While the results …

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