Special Purpose Vehicles (“SPVs”) in ADGM And DIFC: A Focus on the Recent Amendments to the “Nexus Requirement”

The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes…

Fichte and Co appoints Dr Laura Voda as Partner, strengthening its position in the thriving UAE legal landscape

As the UAE continues to establish itself as an ideal hub for business, the need for reliable legal services continues to grow exponentially. With an increasing number of international companies setting up their operations in…

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…

Demystifying The Financial Regulatory Landscape In The UAE

Navigating the financial regulatory landscape of a country can be daunting.  The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants…

UAE’s Federal National Council Approves The New Arbitration Law

Lawyers have welcomed the UAE’s approval of a draft law on arbitration, a fast-growing method of settling disputes out of court, saying it would provide increased confidence to investors bringing cases in the Emirates. “Today’s…

A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre

Approximately 10 years after the establishment of the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”), the Emirates Maritime Arbitration Centre (“EMAC”) was officially launched.  Like arbitrations conducted under the auspices of the London Maritime Arbitrators Association and the…

New MoU between Dubai Land Department and Dubai International Financial Centre

The Dubai Land Department (DLD) and the Dubai International Financial Centre (DIFC) entered into a Memorandum of Understanding (MOU) on May 4th 2017, allowing DIFC registered entities to purchase properties and register their properties with…

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”)…