Fichte & Co. > Dubai, United Arab Emirates > Firm Profile

Fichte & Co.
23rd Floor, Rolex Tower
Sheikh Zayed Road
P.O. Box 116637
United Arab Emirates

United Arab Emirates > Shipping Tier 1

Fichte & Co. has an experienced shipping practice with particular expertise in contentious work and frequently represents clients in disputes arising from vessel and environmental damage. Firm managing partner Jasmin Fichte has a well-established presence in the shipping space and acts as Chairwoman of Dubai Maritime Advisory Council. Alessandro Tricoli heads the shipping practice and focuses on ship finance, ship sale and purchase, construction and conversion of ships. The shipping litigation offering is led by Ravi Jawani and specialises in marine insurance, carriage of goods by sea and international trade law.

Practice head(s):

Jasmin Fichte; Alessandro Tricoli; Ravi Jawani

Other key lawyers:

Moaz Forawi

Testimonials

‘To the point and ability to explain the legal position in simple speak to clients and cut through the legal language and explain clearly and precisely the legal issues involved in the matter before them.’

‘Jasamin Fichte: Top class lawyer, with top Government connections. Excellent knowledge of legal laws, both international and local laws.’

‘Ravi Jawani: Excellent experience and knowledge of international and local laws. Carriage of Goods by Sea, International and local Trade laws and Marine Insurance. Had great foresight and the quick ability to grasp the issues and come up with the correct solution. A legal eagle.’

‘Alessandro Tricoli: Specialist in Shipping matters with vast knowledge and experience. Thorougly reliable and expert in the field of Shipping Contracts, Ship Finance, Ship Building.’

Key clients

Tatiana Akhmedova

National Bank of Fujairah and Tomini Shipping

Aria Seaway LTD

British Marine

Avantgarde Petroleum FZC

Hiscox London Market

Islamic P&I Club

Shamal

Hapag Lloyd UAE

Work highlights

  • Acted for the National Bank of Fujairah to prepare the facility and security documentation in relation to the finance for the acquisition of a fleet of 11 offshore vessels flying the flags of various different jurisdictions.
  • Acted for Tatiana Akhmedova in the enforcement of one of the UK’s largest divorce settlements against assets (Yacht Luna) held by the ex-husband in Dubai.
  • Acted for Avantgarde Petroleum FZC in a case of forgery for the value of $13m related to oil and gas trading onboard the vessel, which was chartered to our client.

The firm: Established by Jasmin Fichte in 2005, 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 offices are in Dubai – Business Bay. The company is ISO 9001 certified for quality management, reflecting the firm’s ability to set and maintain high standards of operation.

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.

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.

DepartmentNameEmailTelephone
Maritime Jasmin Fichtejasmin.fichte@fichtelegal.com+971 4 43 57 577
Maritime Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Maritime Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Risk management Jasmin Fichtejasmin.fichte@fichtelegal.com+971 4 43 57 577
Mergers and acquisitions Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Mergers and acquisitions Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Corporate restructuring Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Corporate restructuring Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Corporate governance and compliance Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Corporate governance and compliance Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Banking and finance Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Banking and finance Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Real estate Dr. Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
International trade and commodities Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
International trade and commodities Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Oil and gas Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Litigation Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Litigation Moaz Forawimoaz.forawi@fichtelegal.com+971 4 43 57 577
Arbitration and mediation Jasmin Fichtejasmin.fichte@fichtelegal.com+971 4 43 57 577
Arbitration and mediation Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Commercial disputes Moaz Forawimoaz.forawi@fichtelegal.com+971 4 43 57 577
Bankruptcy Laura Vodalaura.voda@fichtelegal.com+971 4 43 57 577
Marine insurance Jasmin Fichtejasmin.fichte@fichtelegal.com+971 4 43 57 577
Marine insurance Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Charter parties Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Charter parties Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Ship finance Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Ship building, ship repair and conversion Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Ship building, ship repair and conversion Ravi Jawaniravi.jawani@fichtelegal.com+971 4 43 57 577
Ports & terminals development & operetions Alessandro Tricolialessandro.tricoli@fichtelegal.com+971 4 43 57 577
Number of lawyers : 25
Support / administrative staff : 23
Arabic
Armenian
Bengali
Dutch
English
Farsi
French
German
Gujarati
Hindi
Italian
Japanese
Malayalam
Russian
Romanian
Spanish
Tagalog
Filipino
Korean
WISTA (Women in Shipping and Trade Association)
IBA (International Bar Association)
Dubai International Financial Centre (DIFC) Insurance Association
Shiparrested.com
Transportation Lawyers Association
Dubai International Arbitration Centre (DIAC)
Dubai International Financial Centre (DIFC) Courts

Jasmin Fichte, Managing Partner, Fichte & Co

Managing Partner Jasmin Fichte explains how the firm is adapting to clients’ changing needs

What do you see as the main points that differentiate Fichte & Co from your competitors?

The lawyers at Fichte & Co are focused on the clients’ needs. We offer value for money and detailed knowledge of UAE law. Our priority is to give competent and trustworthy advice, even when that means fewer profits for our firm, as it is essential for us to establish and maintain a relationship of mutual trust with customers. Many of our clients are with us for several years, as our added value is that we deeply understand them and their businesses, and we treat their interests as if they were ours.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Legal practices are constantly changing. Some changes, driven by innovations and technologies, have started a few years ago and will be more and more vital as progress advances. I refer to the whole branch of the law concerning cybersecurity, data privacy or artificial intelligence. For example, think of the latter. Artificial intelligence opens the door to a whole new type of law that necessarily involves informatic engineers and other sector experts. How do you determine who is responsible in the event of machine error? And what happens if instead of witnesses a judgement will have to rely only on machine data? Not only the lawyers’ practices but the whole legal system will change.

The other practices that I expect to grow significantly are those related to the damage caused by the COVID-19 pandemic: employment law, mergers and acquisitions, private equity, commercial bankruptcy, etc. Unfortunately, we all have to face this crisis, but we will do everything we can to support and help our clients to overcome this period and become stronger than before.

What’s the main change you’ve made in the firm that will benefit clients?

The changes and the evolutions of Fichte & Co have been many, since the first day. We are a relatively small and independent law firm, and this allows us to react quickly to client needs, decide on an ad-hoc basis and react swiftly to market needs. We always listen to the clients’ feedback. If something can be improved, I am in first-line working and cooperating with my team to solve the issue as promptly as possible. I wouldn’t say that there was “a main change” that customers benefited from. I would rather say that we have grown with our clients, always developing and enhancing our performance and services to best support them and meet their needs.

Is technology changing the way you interact with your clients, and the services you can provide them?

Thanks to technology, the communication we undertake with customers is seamless. Many of the services we do with regulators are exclusively online, which takes less time and effort. We utilize less overhead in providing the service, allowing us to be faster and more efficient.

We digitize a lot of our work. In fact, most of the work we do is now online, which saves time and costs.

Even the meetings are now mostly online, both for business and teleconferencing purposes. In terms of billing, we have been using accounting software for many years, which makes things extremely simple, availing information without depending on an accountant or financial officer; everything is available in front of you on your computer.

In these months, we plan to launch an app that embeds all the work conducted on a matter and our accounting part. The app will have an interface for the lawyers and an interface for the client. We use technology to document our work; any information from different legislative systems are now immediately available and easy to find.

Technology is essential for Fichte & Co, and the impact on our performance and the service we can provide is significantly positive.

Can you give us a practical example of how you have helped a client to add value to their business?

Option 1:

For us, transparency and honesty are fundamental. For example, it happened that a client, who represented a medium maritime company, approached us to start the proceedings for a lawsuit, which would probably have lasted years. Litigation is sometimes inevitable, but that time my suggestion was to let us try to mediate before embarking on the litigation path. Some mediation attempts had already been made, but not by our lawyers. The team worked hard to study the case and found the perfect mediation strategy. It all ended in an agreement that made everyone satisfied and saved that company a lot of money in legal fees.

For our law firm, a lawsuit that was lasting years would have been more profitable, but we believe in what we do, which means that our success is achieved only when we obtain the client’s best result, building a relationship of trust and esteem. That is more important than profit.

We work hard because we believe in creating value for our clients and seeing them achieve their goals and their tremendous growth constantly motivates us.

Option 2:

We added value to our clients’ business with our perseverance, thinking out of the box and in-depth knowledge of the laws and local dynamics. Thanks to these qualities, our team is succeeding and going for landmark judgements. I can name many which are also quite famous, such as the enforcement of an award in Fujairah, the enforcement of an award in Dubai through DIFC courts or the arrest of the Yacht Luna.

Our lawyers didn’t stop. Where many other firms have faced insurmountable obstacles, they have seen a path, perhaps difficult but possible. And the facts have proved us right. I am very proud of this team.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

In three years from now, Fichte & Co will still be at the side of its customers. The most important things will not change; the extreme dedication and attention we have for customers, our reliable teamwork, the atmosphere and the passion we share for this work.

For the rest, we are always ready to discover and adapt to market changes, to evolve with new technologies and to support our customers with all our expertise.

Change of Options for Changing Times

This article was published on the Lexis Middle East Law Alert magazine, brought to you by LexisNexis Middle East and ACC Middle East (June-July). You can also download the digital version of the magazine by clicking on the link at the bottom of the article.

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