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…
DIAC Arbitration Rules 2022 – A Paradigm Shift For Dubai Becoming A Global Arbitration Hub
The Dubai International Arbitration Centre (DIAC) published its new arbitration rules (DIAC Arbitration Rules 2022 or the “New Rules”) on 2nd March 2022; these are in effect as of 21st March 2022. The 2022 Rules…
Dubai’s New Law on Virtual Assets: The Digital Way Ahead
Most jurisdictions are yet to enact laws or regulations governing cryptocurrencies and non-fungible tokens, leaving much uncertainty in the field. At a time when virtual assets are increasingly becoming a part of business transactions, and…
Businesses in UAE to gear up for Corporate Tax from 2023
Next in a series of reforms in the UAE is the announcement of 'corporate tax', a form of a direct tax on corporations' net income or profit. In its most recent taxation plan encompassing business…
