Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board
Muqawala contract or construction contract is in its general nature, governed by the general liability rules stipulated in the Federal Civil Transactions Law No. (5) of 1985 as amended by the law No. (1) of…
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…
Fichte contributes to “Commercial Litigation” book
[vc_row][vc_column width="1/4"][vc_single_image source="featured_image" img_size="full"][/vc_column][vc_column width="3/4"][vc_column_text]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…
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…
DIFC Court Judgments and DIFC Wills to reach assets in Ras Al-Khaimah
On 12th December 2016 a package of legal agreements (“the Legal Package”) was signed between the Dubai International Financial Centre (DIFC) Courts and Ras Al-Khaimah. The overall Legal Package consists of two Co-operation Agreements and…
DIFC Court rules on Arbitration Agreements
The issue concerning legal capacity has caused much consternation in the UAE due to the fact that UAE legislation requires a special authorization for arbitration and thus losing the right to litigate disputes in the…
From Flags to Finance
As a Civil law jurisdiction, UAE maritime law is derived from the UAE's Maritime Code (or specifically Federal Law No. 26/1981) but all maritime financial transactions are governed by the Commercial and Civil Codes. The…