commercial contracts Archives - Fichte & Co Legal

FICHTE WEBINAR: COVID-19 Impact on the UAE Real Estate Market

Fichte Legal — Wed, 15 Jul 2020 07:14:11 +0000

Free Live Webinar As the Coronavirus outbreak continues to affect the real estate market in the UAE, the quantum of the impact in this industry will depend on how long the economy takes to get back on track. The webinar focused on the COVID-19 impact on the real estate market, obstacles, opportunities, and the way …

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Everything You Need to Know about FIDIC Contract in the UAE

Fichte Legal — Mon, 27 May 2019 02:58:15 +0000

Introduction The International Federation of Consulting Engineers (FIDIC) is an international organization best known for developing standard contracts forms for the construction and engineering industry. Due to the rapid construction growth during the last 20 years and international cooperation, FIDIC contracts are commonly used on construction projects in UAE. However, peculiarities of legislation and special …

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Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board

Fichte Legal — Wed, 31 Oct 2018 02:28:33 +0000

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 1987. In particular, the specific articles regulating the relationship between the employer, the main contractor and subcontractors are mentioned in …

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10-Point Guide to Antitrust and Competition Law in the UAE

Fichte Legal — Tue, 28 Aug 2018 05:05:13 +0000

Until the issue of the Federal Law No. 4 of 2012 on the Regulation of Competition, the United Arab Emirates (UAE) lacked a composite law on competition, with elements of competition law strewn over various legislations. In 2013, the said law came into force, aiming to curb anti-competitive practices and regulate economic concentrations. This article …

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8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property Laws

Fichte Legal — Mon, 27 Aug 2018 08:42:42 +0000

Purchasing off-plan property has become the new norm, with affordable prices and the increase in incentives being offered, purchasers are quick to jump on the bandwagon. The Dubai Law No. (8) of 2007 On the Matter of Escrow Accounts for Real Estate Development (“Escrow Law”) was issued for the purposes of safeguarding purchaser’s money after …

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Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

Ahmed Salih — Tue, 31 Jul 2018 06:51:53 +0000

Definition of bankruptcy: Legally speaking, bankruptcy in the UAE is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties and ceases to pay its debts when they fall due because of its troubled financial position and insolvency. Historical background: …

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Executive Summary of EU GDPR: 10 Action Points for Compliance

Fichte Legal — Thu, 17 May 2018 05:56:52 +0000

The deadline to comply with the European Union’s General Data Protection Regulation (GDPR) is just around the corner. In this article, we summarize the key points that you need to know about the GDPR and how to acheive GDPR compliance. What is the GDPR? The GDPR (General Data Protection Regulation) is a new European Union …

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Enforcement Of Foreign Judgements 2018

Fichte Legal — Sun, 08 Apr 2018 04:04:32 +0000

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 Legal Guide. The UAE chapter consists: Various regimes applicable to recognising and enforcing judgments in UAE jurisdiction and the list of …

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News Update: FTA Publishes Real Estate Guide to VAT Law

Fichte Legal — Sun, 11 Mar 2018 07:30:33 +0000

The Federal Tax Authority (FTA) has published a number of guides on its website to further assist taxpayers to understand the VAT Law for Real Estate, and the Regulations. There have been a few legal issues surrounding the supply of real estate- concerning both commercial and residential properties. Despite the detailed provisions mentioned in the VAT …

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Endofa could be stuck with million dollar claim in Dubai

Fichte Legal — Sun, 28 Jan 2018 03:27:43 +0000

A claim in Dubai of close to USD 1 million against Endofa will likely disappear because the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping. The claim stems from a failed oil transaction in Africa. Danish bunker company Endofa could be stuck with a disputed …

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