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The New DIFC Employment Law- What Has Changed?

DIFC Employment Law no. 2 of 2019 (“New Law”) has recently been enacted which repeals and replaces the DIFC Law no. 4/2005 as amended by DIFC Law no. 3 of 2012 (“Previous Law”). There has…

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Stranded Sailors Waited 28 Months for this Day

It was a fight for survival for the sailors who had to live on dwindling supplies of food and water. "Life in hell is over," said a relieved Ayyappan Swaminathan as he planted his feet…

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New System to Boost UAE Finance Sectors’s Integrity

The new system "will not affect the customers of banks since it is not applicable to them", the central bank said. The Central Bank of the UAE has developed a Persona Non Grata (UAEPNG) System…

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Everything You Need to Know about FIDIC Contract in the UAE

Introduction The International Federation of Consulting Engineers (FIDIC) is an international organization best known for developing standard contracts forms for the construction and engineering industry. Due to the rapid construction growth during the last 20…

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Cyber Security Policy from a Legal Perspective

What is a cyber security policy? A cyber security policy is a document that specifies the vulnerable cyber assets (technology and information) that have to be protected from certain risks. Furthermore, it specifies those risks…

The UAE Insurance Authority Issues New List of Fines for Non-compliance with Insurance Regulations

Introduction and Background On 6 January 2019, the UAE Insurance Authority (“IA”) published the 'Cabinet Resolution No 7 of 2019’ concerning the Administrative Fines Imposed by the Insurance Authority' (the “Resolution”). This Resolution lists 204…

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Shipping Lawyers at Fichte and Co Finally Activated Arrest Documents to Rescue the Stranded Sailors

The first of seven ships abandoned at sea, with more than 30 crew on board, are being towed to shore after arrest warrants were served against a UAE firm. It is the beginning of the…

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Enforcement Of Foreign Judgements 2019

Fichte & Co is thrilled to announce our contribution to Enforcement of Foreign Judgement 2019. Our Managing Partner, Jasmin Fichte and Partner, Alessandro Tricoli  have contributed to the 4th edition of  ICLG, the International Comparative Legal…

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Do You Really Need to Rent an Office Space to Set up a Company in the UAE?

The simple answer to this question is: yes and no.   The longer answer is set out in this article which explains the different options now available in the UAE to help you avoid having to…