Sayenko Kharenko advises AB InBev Efes B.V.
Sayenko Kharenko advises AB InBev Efes B.V. on mandatory tender offer and sell-out procedures with respect to SUN InBev Ukraine Sayenko Kharenko has acted as Ukrainian legal counsel to AB InBev Efes B.V. with respect to acquisition of shares of PJSC “SUN InBev Ukraine” from minority shareholders under the new procedures for mandatory tender offer …
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Get 100% Foreign Ownership Today in Dubai
Freezones have always been the topic of discussion in the U.A.E. Amongst the various benefits, 100% foreign ownership is one of the advantages which is enjoyed the most by investors in these freezone companies. In the below article, our Company Setup Specialist, Neelesh Pillai talks about everything that you need to know about setting up …
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Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE
Before the approval of the UAE Federal Decree Law No. 9 of 2016 (the “Bankruptcy Law”) by the UAE Cabinet on 4 September 2016, the bankruptcy proceedings were regulated under the Commercial Code and were limited to court-driven proceeding addressed to liquidate companies rather than assist in restructuring their debts. This new law puts some …
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Time-bars, time limits and deadlines for legal cases under UAE law
Under UAE civil law – like in other civil law systems – not all time-bars are mentioned and dealt with in one particular statue. Our Partner, Alessandro Tricoli, and Senior Associate, Shehab Mamdouh explains the different time bars, time limits and deadlines for legal cases under UAE law.
Seven Things to Know About Filing a Bankruptcy Petition in the UAE
The absence of a legal framework for bankruptcy has long been a hindrance to UAE business. In the absence of proper bankruptcy laws, even a bounced cheque could land an entrepreneur in jail. The implementation of the relatively new bankruptcy law in the UAE is a huge step forward in improving the country’s economic and …
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UAE Shipping Companies Seek VAT Exemption
The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals. The UAE maritime industry is seeking exemption from the value-added tax as industry falters. Maritime Executives in the United Arab Emirates are lobbying the government to reduce new value-added tax obligations, saying they …
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Digital Directions
Digital assets are the foundation of the new economy, and the developments of it continue to hit the headlines regularly. Our Partner & Head of Commercial & Technology, Irina Heaver explains different regulations depending on the nature of the specific assets. This article was also published in LexisNexis – Middle East.
All You Need to Know About Debt Recovery Procedures in the UAE
According to the 2018 Global Ranking on Debt Collection, UAE is one of the most challenging places in the world for recovering the debt. With this in mind, keeping an eye on your cash-flow and expenditures are more vital than ever! Fichte & Co.’s dedicated Corporate and Litigation teams provide specialized commercial advice both for …
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Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board
It is usual for construction and infrastructure projects in the UAE to be procured under FIDIC-based construction contracts, with varying degrees of amendment. Although FIDIC- Fédération Internationale Des Ingénieurs-Conseils (International Federation of Consulting Engineers) contracts are generic and internationally recognized standard form construction contracts, they require amendment for use in the UAE market. In the …
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Endofa could be stuck with million dollar claim in Dubai
A claim of close to USD 1 million against Endofa in Dubai is not likely to go away even though the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping. The claim stems from a failed oil transaction in Africa.