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Find out moreThis Edition of Law Update, From Africa to Asia: Legal Narratives of Change and Continuity, takes you on a journey through dynamic markets.
Africa is undergoing a tech-driven transformation, overcoming regulatory challenges while its startup ecosystem thrives. India’s legal framework is evolving rapidly, keeping pace with its expanding economy and diverse business environment.
We also dive into China’s regulatory shifts, particularly how they are shaping investments in the MENA region, and explore Korea’s innovative global partnerships, which are driving advancements in industries across the UAE and beyond.
Read NowOn 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.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.