Maritime Archives - Fichte & Co

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 the major legal implications in the shipping industry, as well as some helpful takeaways from our Partner and Head of...

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 and Seniors Associate, Moaz Forawi talked about the Ministerial Resolution 279, the scope and applicability, provided clarity towards the measures...

Impact of COVID-19 on Vessel Charters

In December 2019, the coronavirus (COVID-19) was first reported as an emerging virus in China, and in the following weeks, the virus had spread globally. Earlier this month, the WHO declared the COVID-19 outbreak as a pandemic, thereby indicating that the virus will affect people across a huge geographical scale. Stock markets in most countries...

February 26, 2020

Force Majeure and the Coronavirus

Companies are doing their best and taking precautions to prevent the spread of the Cornovirus; some of the measures these companies are taking could invoke force majeure clauses or the "impossibility of performance" defence as a preventative measures , the main one being flight suspension, ban on foreign tourism and some operations being delayed. The...

December 16, 2019

Marine Insurance Roundtable 2019

New maritime regulations in 2020 to target more foreign investment The new law will open up the maritime sector for foreign investors. The Federal Transport Authority (FTA) in the UAE is working on a whole new set of maritime regulations to attract more foreign investment which would be issued next year, according to a senior...

October 21, 2019

Gulf Tanker Attacks: Implications on Costs

Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the Iraq-Iran War in the 1980s, oil terminals and tankers were under severe attacks, which directly affected the economies of both nations, in addition to the safety of maritime traffic. Very...

September 10, 2019

OFAC Advisory on Iran Sanctions

In its September 4, 2019 Press release The Treasury's Office of Foreign Assets Control (OFAC) issued a new shipping advisory for all the Maritime community. This came as a strong warning to be vigilant of involvement with regimes or entities that Iran's Revolutionary Guard Corps-Qods Force and its proxy Hizballah, who continue to move hundreds...

Fichte & Co Seminar Tackles the IMO 2020 with the Forces of UAE and Singapore

The seminar aligned both the UAE and Singapore with the vision of the International Maritime Organization as the 2020 sulphur cap lurks around the corner Fichte & Co Legal, one of the UAE’s leading law firms, has recently held an informative seminar at the JW Marriott Marquis, Business Bay in Dubai, UAE. The session tackled...

Stranded Sailors Waited 28 Months for this Day

It was a fight for survival for the sailors who had to live on dwindling supplies of food and water. "Life in hell is over," said a relieved Ayyappan Swaminathan as he planted his feet firmly on land for the first time in 28 months. Till a few weeks ago, land was a distant dream...

Shipping Lawyers at Fichte and Co Finally Activated Arrest Documents to Rescue the Stranded Sailors

The first of seven ships abandoned at sea, with more than 30 crew on board, are being towed to shore after arrest warrants were served against a UAE firm. It is the beginning of the end of almost three years of misery for some seafarers, locked in limbo without pay as their employers faced financial...