In order to address the International Monetary Fund’s (IMF) concerns about overinflated markets and to secure long term stability of the DIFC property market, the DIFC Authority announced a revised freehold transfer fee from 3.5%…
Rera Developers will have to setup an IOA before claiming fees for services after the 1st year A new circular published on March 10 by RERA, the regulatory arm of Dubai Land Department (DLD) states…
This Article was first published on March 2014 Issue No. 4 of Marasi News: UAE’s Specialized Maritime Magazine In the light of the 2004 IMO Convention for the Control and Management of Ships’ Ballast Water…
In line with its stated aim to create a transparent and professional real estate market with clear and measurable standards, Dubai Land Department ( DLD ) has announced the launch of unified real estate contracts.…
The Federal National Council of the United Arab Emirates (the “FNC”) has approved a new draft version of the Federal Law No. 8 of 1984 Concerning Commercial Companies (the “CCL Draft 2013”) which will come…
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. 43 of 2013 (“Decree 2013”) in connection with the real estate rental increase in the Emirate of Dubai. The provisions of Decree 2013…
Dubai’s supreme court, the Court of Cassation, has ruled on a case regarding the incorporation of charterparty terms into a bill of lading, specifically the incorporation of an arbitration clause. In the present case, the…
The Dubai International Financial Centre Authority has announced it has launched a consultation on proposed amendments to its Real Property Regulations. The consultation ends on 22 February 2014. If adopted, the proposed amendments would increase…
We are proud to announce that Fichte & Co has won the 2013 Seatrade Middle East & Indian Subcontinent Award for “Best Maritime Law Firm" This year Seatrade celebrated the 10th Anniversary of the Seatrade…
