Firms in the spotlight: Fichte & Co.
Fichte & Co is a renowned law firm specializing in insurance law comprising a team of experienced lawyers dedicated to providing business-focused advice in the local market and across multiple jurisdictions. The firm has earned a stellar reputation and is highly sought after by a global clientele, including both domestic and foreign insurance companies. Their expertise lies in offering comprehensive guidance on complex claims handling in the Middle East region.
Fichte & Co’s lawyers possess proven capabilities and extensive experience in representing clients in litigation and arbitration within the UAE, including the Dubai Courts, Dubai International Financial Courts, Dubai International Arbitration Centre, and the Dubai International Financial Centre-London Court of International Arbitration.
Fichte & Co’s expertise in insurance law encompasses a wide range of specializations such as cargo, marine, credit and political risks, energy (offshore and onshore), construction and engineering, product liability, coverage advice and defense, subrogated recoveries, insurance fraud, insurance policy advisory, and personal injury and medical insurance.
Landmark Achievements:
Fichte & Co has a track record of achieving significant milestones in the insurance industry. Some notable recent cases include:
West of England Insurance Services (Luxembourg) S.A. (Vessel – ‘M V LOANNA’): In this case, Fichte & Co successfully represented a client in negotiations with the Sharjah Port Authority for the expeditious release of a vessel. Despite challenges in securing a Letter of Undertaking as a means of security, their expert maritime lawyers resolved the matter, leading to the vessel’s quick release. This landmark achievement highlights the firm’s ability to navigate complex legal processes and deliver successful outcomes.
Dry Docking Dispute: Fichte & Co successfully represented a leading ship repair company in a dispute with an insurance company regarding coverage for damages incurred during a dry docking operation. Their lawyers skillfully navigated the legal complexities and secured a favorable settlement for the client, highlighting their expertise in resolving disputes related to marine insurance and ship repairs.
Subrogated Recovery: The firm achieved a significant subrogated recovery for an insurance company in a complex case involving a fire incident at a construction site. Through diligent investigation and strategic legal action, they successfully recovered substantial damages from the responsible parties, demonstrating their proficiency in pursuing subrogated recoveries on behalf of their clients.
Insurance Fraud Investigation: Fichte & Co conducted a comprehensive investigation into a suspected insurance fraud scheme involving multiple parties. Their team gathered substantial evidence, collaborated with relevant authorities, and successfully exposed the fraudulent activities, protecting their client’s interests and helping prevent further losses.
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