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…
Important Notice for Companies Incorporated in Mainland UAE! The deadline to amend your company's memorandum of association ("MoA") to bring it in line with the provisions of the new UAE Commercial Companies Law (Federal Law…
In another first in the DIFC Courts, Fichte & Co recently represented the Defendant in the case of DNB Bank ASA v. (1) Gulf Eyadah Corporation (2) Gulf Navigation Holding PJSC, (CFI 043/2014 of 2nd…
Late last year, the Dubai Court of First Instance made an order in favour of the Shipowner for AED 10 million in compensation for wrongful arrest. The judge ruled that the Claimant had been unlawful…
The Federal National Council of the United Arab Emirates (the “FNC”) has approved a new draft version of the Federal Law No. 8 of 1984 Concerning Commercial Companies (the “CCL Draft 2013”) which will come…
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. 43 of 2013 (“Decree 2013”) in connection with the real estate rental increase in the Emirate of Dubai. The provisions of Decree 2013…
