UAE incentivizes the business climate by setting new visa rules
On the path of making the UAE an attractive, quantifiable and sustainable environment for business and living, the UAE Government has announced new residence visa rules in effect from September 2022. This overall safeguards more…
New Emiratisation Laws – 2% Emiratisation Law and Classification Law
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…
Ship Finance in the UAE
As a Civil law jurisdiction, UAE maritime law is derived from the UAE's Maritime Code (or specifically Federal Law No. 26/1981). Still, the Commercial and Civil Codes govern all maritime financial transactions. The Federal Maritime Authority (FMA) is the…
DIFC: Proposed updates to data transfer guidance materials
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…
Fichte & Co relocates to a bigger and better office in the heart of the Emirate
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…
Dubai’s Virtual Assets Regulatory Authority – the world’s first regulatory authority to enter the metaverse
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…
The Virtual Horizon
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…
Registration of Security Interests over Movable Property in the UAE
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…
ChequeScore – Know the probability of a cheque to bounce
When and Where? Launched earlier this year, the ChequeScore is an innovative tool of Al Etihad Credit Bureau (AECB), aimed at complementing the initiatives of the UAE Government to decriminalize bounced cheques. As of April…