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Fichte contributes to “Enforcement of Judgments and Arbitral Awards” book

We were pleased to contribute to the Enforcement of Judgement and Arbitral Awards: A Global Guide from Practical Law. Managing Partner Jasmin Fichte along with Partner Alessandro Tricoli provided insights on the key issues in…

Time to Pull Out All the Stops

Establishing a global maritime hub is no mean feat. This year the UAE again demonstrated its trading prowess, ranking 8th out of 189 countries for “trading across borders” in the World Bank Group’s annual Doing…

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OW Bunker: The SAGA Continues

Many of you have been inquiring about the status of the O W Bunker DMCC ("OWB") liquidation and we are now in a position to provide you with a significant update. It is anticipated that…

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The Gulf Widens on Enforcement of Foreign Judgment’s

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…

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Exceptional Victory for Shipowner

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…

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OW Bunker Aggressively Pursuing Ship Arrests

In the midst of the on-going OW Bunker (OWB) debacle, here are some key points when considering your options, particularly in the UAE. Pre-emptive action through the courts around the world by ship owners It…

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8TH UAE Shipping Roundtable

As the leading Maritime Law Firm in the Middle East, Fichte & Co., together with Tufton Oceanic and the Dubai Council for Marine and Maritime Industries, organized and sponsored the 8th UAE Shipping Industry Roundtable,…

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DIFC Revises Freehold Transfer Fee

In order to address the International Monetary Fund’s (IMF) concerns about overinflated markets and to secure long term stability of the DIFC property market, the DIFC Authority announced a revised freehold transfer fee from 3.5%…

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DLD Toughens Up on Negligent Developers

Rera Developers will have to setup an IOA before claiming fees for services after the 1st year A new circular published on March 10 by RERA, the regulatory arm of Dubai Land Department (DLD) states…