AVELLUM advises Kernel on USD64 million acquisition of railcar business by its investment fund
AVELLUM acted as the legal counsel to its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in Rail Transit Kargo Ukraine (“RTK-Ukraine”) worth, based on the enterprise value, USD64 million.
AVELLUM advises solar power plant developer on sale of solar project
AVELLUM acted as the legal counsel to SM Invest Construction B.V., a solar PV plants developer, on the sale of shares in the holding company, which owns the underlying assets to develop a 120MW solar power plant in Mykolaiv region. Scatec Solar, a leading and globally acting solar energy producer, acted as the purchaser.
Travel Ban in UAE: All you need to know
“The freedom of movement and residence will be granted within limits of laws” quotes from Article 29 of the UAE constitution offers freedom and simultaneously curtail it on the basis of law. It implies that everyone enjoys the freedom to travel inside and outside the country unless specifically objected by law through a travel ban.
Are you criminally liable for Bounced Cheque?
Just as threatening the title of this article may seem, the consequences of a returned cheque or a bounced cheque can be similar in UAE. Unlike other countries, UAE imposes strict criminal charges against those who offer cheques with insufficient balance.
UAE Deportation: What you must do in the process
UAE is a pool of legislation which governs every aspect of citizens’ life residing in the country, ensuring peace and harmony. With the presence of numerous laws, individuals, particularly foreign nationals, must keep up with every law in order to be eligible to stay in the country.
Looking for a Lawyer: Suing for Breach of Trust
Accessibility to global trade, tax-free income, innumerable business opportunities and free trade environment is an optimal location for any business venture and UAE is one such example of such a business environment. However, even in such favourable region, industrialist practices dishonest behaviour in order to gain undue profits. Dubai Legal Consultants will hereby provide you with …
Continue reading “Looking for a Lawyer: Suing for Breach of Trust”
DIFC Entities: Are You Compliant with the New Ultimate Beneficial Ownership Regulations?
The deadline to comply with the Ultimate Beneficial Ownership Regulations was 12 February 2019. However, the DIFC is offering a 30-day grace period. Our Senior Associate, Priyasha Corrie summarised the key points you should take note of, if complying with the new UBO regulations. At Fichte & Co. we assist in filing UBO details on …
Anti-Suit Injunctions and Arbitration
Our Associate, Keshav Raychaudhuri discusses the concept of anti-suit injunctions in support of arbitration proceedings and how these can be used as a tool for specific performance of an arbitration agreement.
UAE & the Singapore Convention on Mediation (International Settlement Agreements)
In light of the upcoming ratification of the Singapore Convention on Mediation by several countries, our Associates provides comments on the Convention with a UAE perspective.
New Regulations for JAFZA Offshore Companies 2018-Some Key Changes You should Know
JAFZA Offshore jurisdiction has seen a lot of evolution in the last few years and has become the most desirable jurisdiction for owning or holding Dubai freehold properties in the UAE. The free zone authority has recently announced Offshore Companies Regulations which completely replaces the Jebel Ali Free Zone Offshore Companies Regulations 2003. In the …