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 security interests against movable assets.  This changed with the introduction of the Federal Law No. 20 of 2016, which is …

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 20 2022, the ChequeScore can be accessed on the website of AECB, its features being fully functional. ChequeScore has been …

In celebrating its landmark 50th anniversary, the UAE has introduced various legislative changes reinforcing its position as a market leader in the region. The new legislation requires additional compliance from businesses and thus, we at Fichte & Co. intend to give you a brief overview of the major legislative changes. The New Labour Law of …

We recently witnessed drastic changes and ameliorations in the UAE Maritime Industry. The UAE has ratified two crucial international conventions, these being the 1996 Protocol on Limitation of Liability (“LLMC”) and the 2001 International Convention on Civil Liability for Bunker Oil Pollution Damage (“Bunker Convention”). Further and in addition to the two aforementioned conventions, the …

A new law regulating marriage, divorce, and a new Court for non-Muslim family matters On Sunday 07 November 2021, the UAE’s President and Abu Dhabi Ruler has issued a new law pertaining to the Personal Status Law for Non-Muslim Expatriates in the Emirate of Abu Dhabi (the “Law“). The Law is the first of its …