DIFC Archives - Fichte & Co Legal

Demystifying The Financial Regulatory Landscape In The UAE

Fichte Legal — Sun, 03 Jun 2018 04:24:34 +0000

Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants black and white. This article seeks to answer some of the most asked questions of the financial regulatory system in …

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UAE’s Federal National Council Approves The New Arbitration Law

Fichte Legal — Tue, 06 Mar 2018 10:28:54 +0000

Lawyers have welcomed the UAE’s approval of a draft law on arbitration, a fast-growing method of settling disputes out of court, saying it would provide increased confidence to investors bringing cases in the Emirates. “Today’s business world is always evolving and an effective dispute resolution system is paramount to securing investor trust,” said Habib Al …

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A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre

Alessandro Tricoli — Sun, 21 Jan 2018 10:06:32 +0000

Approximately 10 years after the establishment of the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”), the Emirates Maritime Arbitration Centre (“EMAC”) was officially launched. Like arbitrations conducted under the auspices of the London Maritime Arbitrators Association and the Singapore Chamber of Maritime Arbitration, the establishment of the EMAC is symbolic of the UAE’s continued endeavor to keep pace …

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New MoU between Dubai Land Department and Dubai International Financial Centre

Fichte Legal — Sun, 05 Nov 2017 05:38:14 +0000

The Dubai Land Department (DLD) and the Dubai International Financial Centre (DIFC) entered into a Memorandum of Understanding (MOU) on May 4th 2017, allowing DIFC registered entities to purchase properties and register their properties with the DLD. The MOU stipulates certain “eligible entities” in the DIFC which can own property in Dubai. This covers companies, …

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Onshore License For DIFC Free Zone Companies To Operate Across Dubai

Fichte Legal — Tue, 11 Jul 2017 02:02:09 +0000

The Dubai International Financial Centre (“DIFC”), a leading financial free zone in the UAE, issued a press release (“Press Release”), on 1 May 2017, stating that it has entered into a memorandum of understanding (“MoU”) with the Dubai Economy, the registration authority for onshore companies in Dubai, to allow companies operating within the DIFC to …

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Fichte contributes to “Commercial Litigation” book

Fichte Legal — Tue, 28 Mar 2017 09:04:10 +0000

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 litigation from court structure and pre-action to enforcement. Complete the form below to download the complete chapter. Or contact us to ask for a …

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DIFC Court Judgments and DIFC Wills to reach assets in Ras Al-Khaimah

Fichte Legal — Thu, 15 Dec 2016 06:35:30 +0000

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 five Memoranda of Understanding (MOU)[1]. Essentially the Legal Package, signed at the Al Dhait Palace and witnessed by His Highness …

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DIFC Court rules on Arbitration Agreements

Fichte Legal — Wed, 07 Dec 2016 01:51:37 +0000

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 UAE courts. Therefore, it is fairly commonplace in the UAE to see a challenge to jurisdiction based on an alleged …

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Jafza signs MoU with DIFC Dispute Resolution Authority (DRA)

Fichte Legal — Sat, 01 Oct 2016 00:07:16 +0000

The Jebel Ali Free Zone (Jafza) has signed a Memorandum of Understanding (MoU) with the DIFC Dispute Resolution Authority (DRA.) This provides Jafza registered companies, their employees and investors, access to a suite of established, English-language-based, commercial and common law judicial systems and dispute resolution services, including the Small Claims Tribunal of the DIFC Courts …

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Enforcement – The Gulf Widens

Fichte Legal — Sun, 08 Nov 2015 11:01:32 +0000

The Gulf widens between the Enforcement of Foreign Judgments and Foreign Arbitral Awards in the DIFC as a result of a recent ruling of the Dubai International Financial Centre Courts (“DIFC”) Court of First Instance (“CFI”) (CFI 043/2014 – DNB Bank ASA v. (1) Gulf Eyadah Corporation (2) Gulf Navigation Holding PJSC (“Eyadah”), ruling of …

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