The New Bankruptcy Law – Stepping up to Challenges in a Post-pandemic Economy
Throughout the United Arab Emirates (UAE), a collective frustration existed with insolvencies due to the time-consuming nature and significantly low recovery rates, which stemmed from outmoded insolvency laws under Book 5, Article 645-900 of Federal…
RAKEZ is Now Offering 100% Ownership
RAKEZ OFFERS 100% FOREIGN OWNERSHIP IN MAINLAND WITH FDI COMPANY SET-UP In response to the UAE Government’s efforts to provide relief to businesses during the COVID-19 pandemic, a number of free zones have announced major…
Everything You Need to Know about End of Service Gratuity in the UAE
[vc_row][vc_column][vc_column_text]The End of Service Gratuity (‘EOS’) is a benefit granted by the UAE Federal Law no. 8 of 1980, as amended (‘Employment Law’) to the expatriate workforce in the private sector. Consequently, the benefit applies…
Fujairah Opens for Crew Changes
[vc_row][vc_column][vc_column_text]Travel restrictions and border closure imposed by governments around the world due to the Coronavirus outbreak, have caused significant hurdles to crew changes and left many seafarers stranded onboard ships or unable to join ships.…
FICHTE WEBINAR: COVID-19 Impact on the UAE Real Estate Market
Free Live Webinar As the Coronavirus outbreak continues to affect the real estate market in the UAE, the quantum of the impact in this industry will depend on how long the economy takes to get…
6 Frequently Asked Questions – COVID19 and Shipping Industry
Introduction The World Trade Organization has projected that “world trade is expected to fall by between 13% and 32% in 2020” due to the COVID-19 pandemic, as it has increased globally causing massive disruptions on…
FICHTE WEBINAR: COVID-19 and Shipping Industry
Free Live Webinar The COVID-19 outbreak has been affecting supply chains worldwide and significantly impacting global trade. The shipping industry, being the backbone of global trade, has been severely disrupted. Our recent webinar focused on…
FICHTE WEBINAR: COVID-19 and Employment Law in the UAE
Free Live Webinar To help employers and employees better understand the current developments, including some temporary measures introduced in the UAE, Fichte & Co recently hosted a free live webinar. Our Associate, DR. Laura Voda…
Things to Know about the “Early Leave” Initiative in UAE
Note: In continuation of our previous article, the NEW Ministerial Resolution on Employment and COVID 19 1. What is the “Early Leave” Initiative? In furtherance to Ministerial Resolution 279 of 2020 and as part of…