Q: Dear Sir/Madam, I invested money in a forex trading platform, but later discovered it is an unlicensed fraud company that is scamming many people. They had claimed to have a license and have an office in Dubai. Two people have already filed a case against them. I want to know the best way to proceed and recover my invested amount. Thanks in advance!

Q: Hi Lawyers, Many individuals have invested in a Forex trading company based in the UAE. Should we hire a lawyer to file a case, or can we report it to the police station to summon the involved party, allowing them to settle and refund our money? The company is not regulated in the UAE, yet it accepts payments in the UAE and manipulates trades, causing clients to lose their money. Please help us. Thank you!

Q: What is the best way to recover money from a cryptocurrency exchange scam? The platform I'm using to trade cryptocurrency is based in Singapore but operated by Chinese people. I have invested 150k AED into it, coming all from my credit cards. When I wanted to withdraw money, the customer service said that I need to pay taxes on the profit amount. After paying taxes to them, they are now saying the financial intelligence department found that my account is abnormal and suspected of money laundering due to recent frequent trades and excessive txn volume. They want me to deposit 20% of my account amt (10k USD) within a week to prove that I didn't launder money, or it will be frozen and will report me to the FI dept. Can you please advise if this is legal according to the laws and regulations of Singapore? I don't have money anymore to pay them and I think it's just a scam. The platform recently had the system upgraded and changed; no license, no t&cs, no physical address, no phone number. Shall I report to the police now?

يلجأ الكثيرون إلى التقاضي دون الاستعانة بشخص متخصص في القانون، ويرجع ذلك أساسًا إلى عدم قدرتهم على تحمل تكاليف ذلك. تقدم هذه المقالة ملخصًا موجزًا لخطوات وإجراءات التقاضي. ونظرًا إلى أن العملية برمتها قد تكون غير واضحة للكثيرين، حتى بعد الحصول على حكم لصالحهم، فإننا نقدم هنا بعض النصائح لمساعدتهم على تنفيذ الأحكام الصادرة عن المحاكم والحصول على حقوقهم إذا لم يمكن التوصُّل إلى حل ودي.

The new law is applicable to all entities dealing with virtual assets that are set up on the mainland as well as free zones, including special development zones. However, it does not apply to the Dubai International Financial Center (DIFC), which will have its own set of rules and regulations governing all virtual assets entities registered with the DIFC.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.