Shipping Archives - Fichte & Co Legal

Federal Decree Law No. 43 of 2023 regarding Maritime Law – Download your translation here

Chiara De Maria — Mon, 18 Dec 2023 06:20:40 +0000

The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree-Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks a significant departure from the current maritime law, ushering in substantial modifications that will reverberate across the shipping, legal, and …

The post Federal Decree Law No. 43 of 2023 regarding Maritime Law – Download your translation here appeared first on Fichte & Co Legal.

A New Era for The Shipping Sector in the UAE

Shehab Mamdouh — Wed, 22 Nov 2023 07:30:40 +0000

A New Era for The Shipping Sector in the UAE The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks a significant departure from the current maritime law, ushering …

The post A New Era for The Shipping Sector in the UAE appeared first on Fichte & Co Legal.

Dissolution of EMAC and its effects on the business community

Dr. Laura Voda — Wed, 22 Sep 2021 03:33:30 +0000

On September 14 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. 34 of 2021 (“Decree”) regarding the Dubai International Arbitration Centre (DIAC). The Decree dissolves Emirates Maritime Arbitration Centre (EMAC) and replaces it with the Dubai International Arbitration Centre (DIAC), …

The post Dissolution of EMAC and its effects on the business community appeared first on Fichte & Co Legal.

Is it going to be the end of abandoned vessels in UAE waters?

Jasmin Fichte — Wed, 07 Jul 2021 03:53:31 +0000

Recently, we have witnessed the massive development in the UAE maritime industry; the UAE has acceded to two major international conventions, namely the 1996 Protocol on Limitation of Liability (“LLMC“) and the 2001 International Convention on Civil Liability for Bunker Oil Pollution Damage (“Bunker Convention”). Further, negotiations are carried out for the ratification of the …

The post Is it going to be the end of abandoned vessels in UAE waters? appeared first on Fichte & Co Legal.

8 Things to know about the International Convention on Civil Liability for Bunker Oil Pollution Damage in the UAE

Jasmin Fichte — Wed, 30 Jun 2021 04:10:27 +0000

The UAE recently approved the accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (the ‘Bunker Convention’), which has entered into force in the territory of the UAE on 23rd June 2021. This is another step showing the dedication of the UAE to implement the IMO’s Liability and Compensation Regime …

The post 8 Things to know about the International Convention on Civil Liability for Bunker Oil Pollution Damage in the UAE appeared first on Fichte & Co Legal.

Fichte & Co Partners are now appointed as Special Agents of the Liberian Maritime Authority

Jasmin Fichte — Thu, 27 May 2021 07:54:37 +0000

Fichte & Co, a leading UAE based lawfirm, is delighted to announce that Jasmin Fichte, its Managing Partner, and Alessandro Tricoli, its Partner and Head of Shipping Department, have been appointed as Special Agents of the Commissioner of the Liberian Maritime Authority of the Republic of Liberia to render maritime and corporate services. With this step, Fichte …

The post Fichte & Co Partners are now appointed as Special Agents of the Liberian Maritime Authority appeared first on Fichte & Co Legal.

Limitation of Liability for Maritime Claims (LLMC) Convention and Applicability in the UAE: 10 Things to Know

Jasmin Fichte — Thu, 29 Apr 2021 02:57:03 +0000

Introduction The UAE has recently ratified the 1996 Protocol to the 1976 Convention on Limitation of Liability for Maritime Claims (LLMC) and this protocol will enter into force on the 23rd of May 2021. What this will mean for the maritime industry and the applicability of the LLMC Convention and the respective Protocol in the …

The post Limitation of Liability for Maritime Claims (LLMC) Convention and Applicability in the UAE: 10 Things to Know appeared first on 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 …

The post Right of Arrest Under UAE Law for Unpaid Bunker Suppliers appeared first on Fichte & Co Legal.

Civil Liability for Bunker Oil Pollution Damage

Siri Hashem — Mon, 21 Dec 2020 07:21:05 +0000

UAE APPROVES TO JOINING OF THE INTERNATIONAL CONVENTION ON CIVIL LIABILITY FOR BUNKER OIL POLLUTION DAMAGE UAE Federal Law No. 166/2020, issued on 10th November 2020, has approved the joining of the International Convention on Civil Liability for Bunker Oil Pollution Damage 2001 (the “Convention”). In this article, we aim to highlight the most important …

The post Civil Liability for Bunker Oil Pollution Damage appeared first on Fichte & Co Legal.

Dubai Court Dismisses Oligarch’s $115 Million Damages Claim Against Ex-wife

Fichte Legal — Tue, 20 Oct 2020 06:34:48 +0000

A Russian oligarch’s claim for $115 million in damages against his former wife, after a superyacht was impounded in Dubai as part of a costly divorce battle, has been dismissed by the emirate’s highest court. The 115-meter MV Luna has been held in Dubai since February 2018 while lawyers for oil and gas tycoon Farkhad …

The post Dubai Court Dismisses Oligarch’s $115 Million Damages Claim Against Ex-wife appeared first on Fichte & Co Legal.