أسئلة وأجوبة
Financial firm wants to change investor contract; I disagree. What now?
Dear Sir/Madam,
I had invested in a financial firm registered in DED. It is a secured product, and a fixed monthly return was guaranteed as per the contract. I received returns regularly from September 2021 till December 2023.
Now, somebody has complained to DED against the company for crowdfunding and using money for trading. The company is in the process of obtaining a DIFC license.
They want to change the existing secured product contract to an unsecured product in which the company is not liable for loss.
For the same, they are now forcing me to sign a new addendum to the existing contract, which I am not ready to do.
Returns have stopped since January 1st.
Dear Client,
Thanks for your question! I hope you are doing well. I will assist you in this matter.
If a financial firm is changing the terms of your secured product contract without your consent and has stopped returns, review your existing contract, consult with us, and communicate your concerns with the company.
Document all communication and gather relevant documentation. If necessary, file a complaint with the Dubai Department of Economic Development (DED) and explore legal options to protect your interests and recover potential losses.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will be happy to help you.
Thanks & Regards,
ABDUL WAHIED
Dear Questioner,
The alteration or addition of the existing contract will be accepted by mutual consent.
If you are not willing to change the terms of the existing contract, they can't force you to sign the agreement. However, the agreement may be enforced if it is done due to the intervention of the law.
So we have to review the existing and new contracts to advise you properly.
Share your WhatsApp number if you want to proceed with us.
