The 243-page manual simplifies the complexity of current Arab legislation. “The development and ability to explain the legal situation in simple terms with clients and to penetrate the legal language and explain clearly and precisely the legal issues associated with the case before them.” Any legal dispute related to crypto assets will be “treated in the same manner as any other dispute. The lack of a legal framework for bankruptcy has long been an obstacle to doing business in the UAE. In the absence of proper bankruptcy laws, even a rejected check could land a business owner in jail. The implementation of the relatively new insolvency law in the United Arab Emirates is a major step forward in improving the country`s economic and regulatory environment. Dubai, United Arab Emirates, 11. March 2018: The Emirates Maritime Arbitration Centre (EMAC) pursued its goal of facilitating ongoing dialogue between the region`s legal experts and maritime industry professionals, by hosting its third successful breakfast meeting of 2018 at its DIFC offices on 11 March. In UAE civil law – as in other civil law systems – not all limitation periods are mentioned and dealt with in a specific statute. Our partner, Alessandro Tricoli, and our senior partner, Shehab Mamdouh, explain the different deadlines, deadlines and deadlines for legal matters under UAE law. `Ravi Jawani: Excellent experience and knowledge of international and local laws.
Carriage of goods by sea, international and local trade laws and transport insurance. Had great foresight and the ability to grasp problems and find the right solution. A legal eagle. The staff includes more than 25 local and international lawyers who are doubly qualified, multilingual and have experience in a wide range of countries, including the UK, Germany, India, Italy, Greece, Saudi Arabia, Egypt, Sudan, Bahrain, Lebanon, Canada and Russia. The company has also built a strong network in other jurisdictions and works closely with companies in the UK, Singapore, Europe, GCC and offshore locations such as the Cayman Islands, British Virgin Islands and Jersey. The team regularly advises international companies on commercial law and risk advisory matters, including strategic advice on commercial risks. The company`s clients include government and parastatal entities such as ADNOC, Oman and Dubai Drydocks, UAE Classification (Tasneef) and Fujairah Port. As a pioneering law firm, Fichte aims to shape the legal and regulatory landscape of the region – the firm is a founding member of the UAE Maritime Law Committee (which aims to become a member of the International Maritime Committee) and sits on the DIFC Rules Subcommittee. Legal practice is constantly evolving. Some changes driven by innovations and technologies began a few years ago and will become increasingly important as progress progresses. I am referring to the entire branch of law related to cybersecurity, data protection or artificial intelligence. Think, for example, of the latter.
Artificial intelligence opens the door to a whole new type of law that necessarily involves computer scientists and other industry experts. How do you determine who is responsible in the event of a machine failure? And what if a verdict must rely solely on machine data rather than witnesses? Not only the practice of lawyers, but the entire legal system will change. It is important to clearly define the duties and responsibilities of managers and directors of commercial corporations. From a legal point of view, company law (“LCC”) is the most frequently cited legislation regarding the duties of directors and the day-to-day management of their companies. Jasamin Fichte: First-class lawyer with high-level government relations. Very good knowledge of law, both international and local. » Dispute Resolution: DIFC/litigation teams have been involved in numerous enforcement actions and landmark decisions in which they have obtained orders from the DIFC regarding foreign arbitral awards for ongoing enforcement in Dubai and the United Arab Emirates. They wrote the Emirati chapter of Thomson Reuters` book “Execution of Judgements and Arbitral Awards” and published “The UAE Legal Guide”, a book designed to provide an overview of the UAE`s legal system, the UAE`s main laws, and the UAE`s judicial system. Transparency and honesty are fundamental to us. For example, there have been cases where a client representing a medium-sized shipping company approached us to initiate proceedings for a lawsuit that would likely have taken years. Litigation is sometimes inevitable, but at the time, my suggestion was to let us try to mediate before going to court. There have already been some attempts at mediation, but not by our lawyers.
The team worked hard to investigate the case and find the perfect mediation strategy. It all ended with an agreement that satisfied everyone and saved the company a lot of money in legal fees. We have added value to our clients` businesses through our perseverance, thinking outside the box, and deep knowledge of local laws and dynamics. Thanks to these qualities, our team succeeds and makes innovative judgments. I can name many that are also very famous, such as the enforcement of an arbitral award in Fujairah, the enforcement of an arbitral award in Dubai by DIFC courts or the arrest of the yacht Luna. Fichte & Co has professional liability insurance from AIG that covers a total of $5 million. The firm`s terms and conditions limit liability for indirect or consequential damages suffered by its clients, exclude the personal liability of its lawyers/advisors and limit liability to AED 250,000 (unless otherwise agreed with the client). Although the Company accepts no responsibility for advice or services provided by any professional advisor or service provider engaged on your behalf, it remains liable to you for any defective advice or quality and will take appropriate corrective action. Council prepares to further improve competitiveness of Dubai`s maritime sector The Federal Tax Authority (FTA) recently published a clarification on the VAT treatment of compensatory payments. Our colleague Sarra Alsamarrai has summarized examples of situations where compensatory payments may or may not result in a “supply” for taxable purposes.