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Find out moreThis special edition of Law Update, marking Al Tamimi & Company’s 35th anniversary, explores the evolving legal landscape of energy and climate law across the region.
As the Middle East prioritises sustainable growth, this edition examines key developments shaping the future of the sector. From the UAE’s Federal Law No. 11 of 2024 to advancements in green hydrogen, solar financing, and carbon capture technology, we spotlight the innovative strides and challenges defining this critical area.
We also go into Saudi Arabia’s initiatives to integrate carbon capture into its industrial expansion and Egypt’s AFRICARBONEX platform, which underscores the region’s commitment to a sustainable and inclusive future.
Join us as we celebrate 35 years of legal excellence and forward-thinking insights, paving the way for a more sustainable tomorrow.
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.