أسئلة وأجوبة
What should I do if an investment company stops paying guaranteed monthly payouts?
Hello Sir,
I need to know more details on how to approach a situation where an investment company is not paying the guaranteed monthly payouts and is not responding to reminders sent via email, WhatsApp, or phone calls.
Hello,
First, review the agreement you signed to confirm the terms of the payouts and any clauses regarding non-payment or breach of contract.
Document all communications with the company, including emails, phone calls, and reminders, as this will serve as evidence.
You should send a formal written reminder, outlining the missed payments and requesting immediate settlement with a deadline for payment.
If there’s no response, you can escalate the issue to the relevant regulatory authorities, such as the Securities and Commodities Authority (SCA) or the Dubai Financial Services Authority (DFSA), depending on the type of investment.
If these steps fail, you may consider legal action by filing a civil lawsuit for breach of contract in the UAE courts.
