Q: I have taken a loan for a company which I was working as an Accountant. Whether I am liable for such a loan for the company? The bank has given the loan in the name of the company and the bank has taken a security cheque from my employer. In such a situation, whether any GCC ban will be there as I have left the country also?

Q: I am the managing director of a company. A creditor is threatening to put a travel ban on me. I have not issued a cheque to this creditor. Can he really put a travel ban on me?

Q: My ex-colleague was an employee in a Sharjah Hamriya Free Zone entity owned by an Indian expatriate. During his tenure as Finance Manager, he was a co-signatory to bank cheques. He has not signed any guarantee cheques or loan agreements with banks except as a witness to the document signed between the bank and the owner. He has resigned in Dec 2015 and since then the owner of the business has run away from the UAE. Now my colleague is under threat from the banks which have provided banking lines to the entity that he will be sued as he was also responsible as Finance Manager of the entity. Want to know can the banks include my colleague as a party to the case? If yes, what would be my colleague's liability? Can the bank file a criminal case & enforce a travel ban on my colleague?

Q: Hello Sir, I am working as an accountant for a company in Sharjah. One of our employees had committed fraud with AED 300,000, as a salesman. Now, he accepted to make such thing and he is also available and working in the UAE. When I told our management about this, all they said was that I am responsible for this all. Am I responsible for this? What are my legal rights here?

س: مرحبًا سيدي، لدي شركة وعليّ قروض تبلغ 1.9 مليون درهم إماراتي. لقد كنت أسدد بانتظام طيلة السنتين الماضيتين، ولكني عجزت عن سداد آخر قسط شهري مستحق. سيحل أجل سداد القسط التالي قريبًا، ولكن ليس لدي ما أسدد به، حيث أن العمل غير مستقر. ما هي العواقب المترتبة إذا لم أستطع أن أسدد؟

Q: I sold my company four months back in Sharjah, UAE and relocated to India. Now one of my employees who left the company and cancelled the visa prior to the company sale has filed a lawsuit against new owners for which he claims some salary due and a leave salary. I was not aware of dues or not informed by my management team. Who is responsible in this case to settle the due as per law?

س: مرحبًا لقد وقعت بصفتي ضامنًا لشخص للحصول على قرض شركة بقيمة 500 ألف درهم إماراتي. غادر هذا الشخص البلاد، والآن هناك دعوى مدنية. ما هي مدة العقوبة أو السجن التي سيحكم بها علي؟ إذا أمضيت فترة العقوبة في السجن، فهل سيسقط المبلغ المستحق؟

س: سيدي العزيز، لقد حصلت على تأشيرة مدير عام من شركة منطقة حرة في المنطقة الحرة بالحمرية. في عام 2011، هرب مالك الشركة من دولة الإمارات بسبب مشاكل مالية. لم أكن متواجد داخل دولة الإمارات في ذلك الوقت حيث كنت أسافر مرة كل ستة أشهر فقط. وعندما تلقيت نبأ هروب مالك الشركة من البلاد، لم أسافر بتلك التأشيرة وتركتها تنتهي. لم أزر دولة الإمارات بعد ذلك. أريد العودة إلى الإمارات لتأسيس مشروع تجاري ولكن لا أعرف ما إذا كان هناك قرار بمنعي من السفر أو ما إذا تم إدراج اسمي في القائمة السوداء منذ هروب صاحب العمل من البلاد. يرجى تقديم المشورة بشأن ما إذا كان المدير العام يواجه أي مشاكل في حالة هروب مالك شركة منطقة حرة بسبب الديون؟ شكرًا لك مقدمًا.

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.

The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.

The provisions of this Federal Decree-Law No. (31) of 2021 Promulgating the Crimes and Penalties Law, known as the "New UAE Penal Code", governs criminal actions in the United Arab Emirates. The New Penal Code repeals the previous UAE Penal Code (Federal Law No. (3) of 1987 Promulgating the Penal Code).