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Marine Community Golf Tournament 2019

Time to Tee Off!! Fichte & Co had sponsored the Marine Community Golf Tournament and our Managing Partner, Jasmin Fichte had participated on Sunday, 17th November at the Dubai Hills Golf Club. The Par-Tee she…

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DSI Vows Justice on Dh3B Fraud

Corporate governance to play key role in sustaining investor trust Drake & Scull International (DSI), a Dubai-based contractor, on Wednesday said it will take the ongoing investigation into the company's financial irregularities to a logical…

neelesh.pillai@fichtelegal.com'
Property Disposition: Exemptions from Fines

Exemption from fines for non-registration of real estate dispositions and non-payment of the prescribed fees at the Dubai Land Department We have always seen changes made in the Dubai Real Estate Law which had attracted…

Gulf Tanker Attacks: Implications on Costs

Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the war in the 1980s, oil terminals and tankers were under…

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Funding Your Start-Up In The UAE

Funding options for start-ups in the UAE are on the rise.  Traditionally, most start-ups in the UAE have tended to be bootstrapped or financed by conventional lenders such as banks and financial institutions.  However, over…

moaz.forawi@fichtelegal.com'
UPDATE: Medical Liability Law in the UAE

Legal liability, whether criminal or civil, happens as a result of an act (or omission of an act) committed by a person, which results in damage to a third party, this includes medical malpractice. Under…

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OFAC Advisory on Iran Sanctions

In its September 4, 2019 Press release The Treasury's Office of Foreign Assets Control (OFAC) issued a new shipping advisory for all the Maritime community. This came as a strong warning to be vigilant of…

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Abraaj gets Dh1.156 billion DFSA fine

Some major violations committed by Abraaj entities include carrying out unauthorised financial services. Dubai regulator on Tuesday penalised two Abraaj Group entities with a record Dh1.156 billion in fines - the biggest penalty by any…

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Compliance Alert: 10 Things you Must Know about the New Economic Substance Regulations in the UAE

Executive Summary The UAE recently enacted the Cabinet Decision No. 31/2019 concerning the economic substance regulations (the “Regulations” or the “Economic Substance Regulations”) on 30 April 2019 in response to the European Union (EU) adding…