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 the DIFC, as well as international standards. Being a global business hub, the DIFC is home to international players that …
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 the UAE’s leading law firms, has relocated to a bigger, brighter, and more creative office, as part of the company’s …
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 space. DVARA opened its metaverse-based headquarters in the virtual world ‘The Sandbox’. UAE showed a long time ago that it …
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 this area in the UAE and other parts of the GCC. “Dubai Law No. 4/2022 Regulating Virtual Assets in Dubai, …
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 security interests against movable assets. This changed with the introduction of the Federal Law No. 20 of 2016, which is …
