Dubai Court Dismisses Oligarch’s $115 Million Damages Claim Against Ex-wife
[vc_row][vc_column][vc_column_text]A Russian oligarch's claim for $115 million in damages against his former wife, after a superyacht was impounded in Dubai as part of a costly divorce battle, has been dismissed by the emirate's highest court.…
All You Need to Know About Debt Recovery Procedures in the UAE
[vc_row][vc_column][vc_column_text] Debts can be traced back to that time before the barter system. At that time, people exchanged services and goods for other services and goods in return. But, what if there were no current…
Time-bars, time limits and deadlines for legal cases under UAE law
A time-bar (or a statute of limitations as known under common law jurisdictions) is a statutory time limit for the enforcement of a civil claim through legal proceedings. As such a time-bar normally does not…
Enforcement Of Foreign Judgements 2018
[vc_row][vc_column][vc_column_text] Fichte & Co is thrilled to announce our contribution to Enforcement of Foreign Judgement 2018. Our Managing Partner, Jasmin Fichte and Partner, Alessandro Tricoli have contributed to the 3rd edition of ICLG, the International Comparative…
Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle
[vc_row][vc_column][vc_single_image image="31353" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon…
An Overview of the Appeal Process in Dubai Court
Dubai Court was founded in the year 1970 and has come to be known as prompt and equitable in the implementation of justice. Dubai Court is an integrated unit consisting of: The Court of First…
The Welcomed Law for Administration of Estates for Non-Muslims in Dubai
[vc_row][vc_column][vc_column_text]The law for administration of non-Muslim estates in Dubai has recently been announced and applies in both the Dubai courts and DIFC courts. This welcomed approach provides further clarity for non-Muslim expatriates who wish to…
Rescue And Revive: The New Bankruptcy Law in the UAE
The much awaited new bankruptcy law in the UAE is a complete legal framework meant to assist financially troubled companies to avoid collapse. It took effect on December 29, 2016 after being decreed by President…
Judicial Tribunal rejects DIFC Court jurisdiction
[vc_row][vc_column][vc_column_text]In a noteworthy first decision, the Judicial Tribunal for the Dubai Court and DIFC Court (JT), established to decide conflicts of jurisdiction between the two courts, has ruled on 27 January 2017 that Daman Real Capital…