Fichte & Co.

The firm: Established by Jasmin Fichte in 2005 in Dubai, Fichte & Co is a full-service law firm comprised of an experienced international team of experts.

The staff includes 25 local and international lawyers that are dual-qualified and multilingual with experience from practicing in a wide variety of countries, including the UK, Italy, Germany, Greece, Saudi Arabia, Russia, Korea, Egypt, Sudan, Bahrain, Lebanon, Canada, India, Australia, Romania and Armenia. The firm has also built a strong network in other jurisdictions, working closely with firms in the UK, Singapore, Europe, the GCC, and offshore locations such as the Cayman Islands, BVI, and Jersey.

Fichte & Co has professional liability insurance from AIG, covering an aggregate amount of US$5m. The firm’s standard terms of business limit liability for any indirect or consequential loss suffered by its clients, exclude personal liability of its lawyers/consultants and caps liability to AED250,000 (unless a different amount has been agreed with the client). In addition, while the firm does not accept any liability for advice or services provided by any professional adviser or service provider engaged on your behalf, it will remain accountable to you for any defective advice or quality and will take appropriate corrective steps.

Areas of practice
Corporate and commercial: Fichte & Co has a steadily growing client base that includes local and international companies as well as SMEs and start-ups. The key types of work currently handled by the team include mergers and acquisitions, joint ventures, finance, and capital markets, real estate and energy infrastructure projects, corporate governance and compliance, and also banking and finance.

Insurance: The team of insurance lawyers has sound knowledge across every line of insurance and reinsurance business. Their comprehensive advisory services, including policy wording support, product development, funding, and recoveries, offer insurance clients a wide range of legal services supported by years of industry expertise.

The main areas covered are cargo insurance, marine insurance, credit and political risks, energy (offshore and onshore), construction and engineering, product liability, drafting, coverage advice and defense, subrogated recoveries, insurance fraud, insurance policy advisory and hull & machinery insurance, personal injury, medical insurance.

Maritime: Fichte & Co has built a strong reputation as a market leader in both contentious and transactional matters. Instructions from P&I clubs, H&M insurers, and drydocks have substantially increased in the year. The firm is playing a pivotal role in the liquidation of OW Bunkers-related claims. The firm has been very active in ship sale and purchase, with more than 20 transactions completed in the period for an aggregate value of circa US$250m. In addition, Fichte & Co has concluded the transaction on superyachts and one mega yacht for an aggregate value above US$80m.

Dispute resolution: the DIFC/litigation teams have been involved in numerous enforcement actions and landmark decisions whereby they have obtained DIFC orders in respect of foreign arbitral awards for ongoing enforcement in Dubai and the wider UAE. They wrote the UAE chapter of the Thomson Reuters book “Enforcement of Judgements and Arbitral Awards” and published “The UAE Legal Guide”, a book that aims to provide an overview of the UAE’s legal system, main UAE laws, and the UAE courts system.