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…
For wealthy Germans considering emigrating to Dubai, there are many questions and important aspects that need to be clarified. In recent years, Dubai has become a preferred destination for affluent individuals and entrepreneurs who want…
Dubai, UAE – 17 March 2025 – Fichte & Co is pleased to announce the appointment of Manik Verma as Partner – Ship & Aviation Finance, reinforcing the firm’s position as a leading provider of…
Following the enactment of the Emiri Decree No. (12) of 2024 Regarding the amendment of Emiri Decree No. (4) of 2016, the Ras Al Khaimah International Corporate Centre (“RAK ICC”) has introduced important changes that…
In addition to the 31 Conventions of the International Maritime Organization (“IMO”) ratified by the United Arab Emirates (“UAE”), the country is on the cusp of achieving another milestone in its endeavor to make significant…
The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes…
On 29 July 2024, the new Federal Decree Law No. 9/2024 was enacted and introduced significant amendments to certain provisions of Federal Decree Law No. 33/2021, which governs labor relations. These changes, effective from 31…
In the UAE, maritime activities are regulated by distinct legal frameworks tailored to accommodate different types of vessels and demands of different shipowners and ship operators. While the rules for registering a commercial vessel are…
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…
