international trade Archives - Fichte & Co Legal

Right of Arrest Under UAE Law for Unpaid Bunker Suppliers

Siri Hashem — Tue, 22 Dec 2020 03:37:58 +0000

Time charterers and demise charterers are usually responsible for supplying the chartered vessel with bunker supplies for the term of the charterparty. Bunker supplies are often supplied on credit terms with a delayed term for payment following the delivery of the bunkers. During difficult market conditions, it is not uncommon for charterers to become insolvent …

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FICHTE WEBINAR: COVID-19 and Shipping Industry

Fichte Legal — Tue, 05 May 2020 09:41:09 +0000

Free Live Webinar The COVID-19 outbreak has been affecting supply chains worldwide and significantly impacting global trade. The shipping industry, being the backbone of global trade, has been severely disrupted. Our recent webinar focused on the major legal implications in the shipping industry, as well as some helpful takeaways from our Partner and Head of …

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Force Majeure and the Coronavirus

Fichte Legal — Wed, 26 Feb 2020 02:26:17 +0000

Companies are doing their best and taking precautions to prevent the spread of the Cornovirus; some of the measures these companies are taking could invoke force majeure clauses or the “impossibility of performance” defence as a preventative measures , the main one being flight suspension, ban on foreign tourism and some operations being delayed. The …

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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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New Excise Tax In The UAE

Fichte Legal — Mon, 04 Sep 2017 02:52:23 +0000

On 17 August 2017, the UAE published Federal Decree Law No. 7 of 2017 on Excise Tax (“Excise Tax Law”) which comes into effect on 1 October 2017 and sets out the framework within which excise tax will be levied in the UAE. Quick Summary Applicability: The Excise Tax Law will apply to goods (“Excise …

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UAE cuts ties with Qatar – Recent Developments

Fichte Legal — Thu, 08 Jun 2017 01:11:21 +0000

The UAE Ministry of Foreign Affairs issued a statement on Monday 5th June 2017 that United Arab Emirates, Saudi Arabia, Egypt and Bahrain were severing diplomatic ties with Qatar, as tensions escalate in the region over accusations that Doha sponsors terrorism. It is important that all companies based in the UAE do comply with the …

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Time to Pull Out All the Stops

Ravi P. Jawani — Fri, 08 May 2015 05:42:10 +0000

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 Business report. The report assesses the costs and procedures involved in importing and exporting a standardized shipment of goods, providing …

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