As a firm we have a strong commitment to our corporate sustainability principles, and this year we joined the United Nations Global Compact, an initiative dedicated to promoting responsible business practices and advancing the United Nations Sustainable Development Goals (SDGs). Our goals include Education, gender equality, climate action, justice for all, and sustainable partnerships. You can learn about our actions plans and targets, here.
In this edition, we feature an entire section dedicated to COP28 where we share insights and intelligence through conversations we have had with leading experts from across the region. This includes articles and podcasts that delve into the most pertinent topics, such as COP28’s call to action for corporates, ESG reporting, and the UAE’s Net Zero vision.
Beyond the focus on Energy and Climate we feature articles covering important updates that look into a variety of areas, such as UAE consumer protection law, an overview of the Federal Civil Family Law for Non-Muslim Foreigners in the UAE, and from Kuwait we discuss the management of companies. As always, in our final section we continue to share with you real life judgements that provide context to the legal landscape in the region.Read the full edition
On November 16, His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, issued RAK Law No. 16 of 2023 concerning Court Fees (the “New Fees Law”), which replaces the previous court fees law, RAK Law No. 9 of 2016 (the “Previous Fees Law”).
The most remarkable and long-awaited change brought about by the New Fees Law is the imposition of fee caps, a feature absent in the Previous Fees Law for most types of claims or actions. Specifically, the Previous Fees Law did not set caps for civil and commercial claims with a value exceeding one million dirhams; instead, it determined the fee for claims exceeding one million dirhams at 5% for individuals and at 10% for companies of its value, with no cap.
The New Fees Law addresses this by establishing a cap for all civil and commercial claims at AED 40,000, aligning with the fee caps in Dubai and Abu Dhabi.
We are aware that many of our clients (especially banks and real estate companies) have been holding off on their claims or legal actions to be pursued before RAK Courts due to the significant fees they were required to pay. Fortunately, our clients can now find relief from this predicament.
Our dispute resolution team in RAK, with a local presence of over 10 years and dedicated expertise in civil and commercial claims, is happy to support and assist you with your matters.