The Status of Anti-Corruption Legislation in the UAE
On 10 June 2017, Robert Bosch Middle East (“Bosch”) was the first company in the region to be awarded an anti-bribery certification by Tasneef-Rina Business Assurance. The standard implements best practices when it comes to…
Onshore License For DIFC Free Zone Companies To Operate Across Dubai
The Dubai International Financial Centre (“DIFC”), a leading financial free zone in the UAE, issued a press release (“Press Release”), on 1 May 2017, stating that it has entered into a memorandum of understanding (“MoU”)…
What You Need to Know Before Exiting the UAE
As the UAE continues to grow, expats continue to move here for a better life and better opportunities. Guidance is offered for expats who wish to start their own businesses in the UAE, and the…
UAE cuts ties with Qatar – Recent Developments
The UAE Ministry of Foreign Affairs issued a statement on Monday 5th June 2017 that United Arab Emirates, Saudi Arabia, Egypt and Bahrain were severing diplomatic ties with Qatar, as tensions escalate in the region…
UAE Issues Waiver for Amendments to MOA of LLC’s
The UAE Ministry of Economy recently issued the ministerial resolution no. 694 of 2016 (the “Resolution”) which waives the requirement of amending the memorandum of association (“MOA”) of limited liability companies (LLC), joint liability companies,…
Real Estate Property Rights and Musataha in the UAE
The real estate market in the UAE has boomed in the past couple of years and has become known for the developments of some of the largest projects in the world. Despite the property market…
Deciphering Due Diligence in the UAE
Clients often ask us, “How can we conduct legal due diligence or background checks on another party in the UAE?” Unfortunately, there’s no straightforward answer. With no centralised company register, and over 40 different free…
Fichte contributes to “Commercial Litigation” book
In 2015, Fichte & Co authored the UAE and DIFC chapter of the Commercial Litigation - International Series. Managing Partner Jasmin Fichte and Partner Alessandro Tricoli covered all aspects of commercial litigation from court structure…
Wills & Succession Planning Must Be Part of Your Business Strategy
As generations of expatriates begin to age in the UAE, the issue of having a will in place is becoming a seemingly important topic. This is especially so for corporate CEOs and shareholders whose death…
