DIFC Courts Archives - Fichte & Co Legal

Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle

Fichte Legal — Thu, 15 Feb 2018 01:06:41 +0000

A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon was ordered to give his 41-year-old ex-wife 41.5% of his “staggering” wealth by a high court judge in 2016. Ms. Akhmedov had argued …

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Judicial Tribunal rejects DIFC Court jurisdiction

Alessandro Tricoli — Tue, 07 Feb 2017 07:33:36 +0000

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 Partners Company LLC v. Oger Dubai LLC case should be remitted for trial by the Dubai Court, and that the …

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From Flags to Finance

Alessandro Tricoli — Sat, 22 Oct 2016 09:49:16 +0000

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 Federal Transport Authority (FTA), is the Government body which is responsible for regulating and implementing daily shipping procedures, and for …

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