Questions & Answers
Questions & Answers
4 available 4 • View allLiability of a guarantor after the debtor fled the country

12
Q: Hello
I signed as a guarantor for a person's company loan for AED 500,000.
The person is no longer in the country and now there is a civil case on me.
What is the penalty or jail term I would be looking at?
If I go through the jail term, is the outstanding amount is also cleared?


Oct 9, 2018
7529
Liability of the guarantor toward creditors in the UAE

6
Q: Hello,
I signed as a guarantor for my brother for a company loan he took, I was a partner. However, my brother has left the country 2 years ago.
Now, I have a civil case on me and the court and bank ask me to pay the amount of AED 450,000.
Please advise, what happens if I am unable to pay this money?


Oct 21, 2018
4879
Legal liability of the loan guarantor in case of default

2
Q: I signed a personal guarantee as "the wife" for a loan to my husband's company without being told what the documents meant.
Do I have any recourse to prevent it from being called for?


May 18, 2020
3282
سداد مديونية تتجاوز الدخل الشهري
1
س: زوج تكفَّل بسداد مبلغ قرض عقاري لزوجته الأولى لدى بنكين كونها لا تعمل؛ الأول قيمة قسطه 16660 درهم والثاني قيمة قسطه 4290 درهم، ومن ثَم رفعت عليه قضية نفقة زوجية ونفقة ستة أبناء وتم الحكم بمبلغ 22000 درهم.
قامت الزوجة الثانية وهي مطلقة برفع قضية نفقة وتم الحكم بنفقة شهرية بقيمة 2500 درهم شهريًا. مجموع المطلوب شهريًا 45450 درهم مع العلم أن راتب الزوج 32900 شهريًا، والزوج لا يملك أي شيء سوى راتبه.
أسئلتي الآن:
1. هل تستطيع البنوك بيع منزل الزوجة لسداد المبالغ المستحقة لقيمة القروض المستحقة مع العلم أن الزوجة لا تملك هي الأخرى سوى هذا البيت بالإضافة إلى أنها لا تعمل؟
2. هل يستطيع الزوج تقديم طلب إثبات حالة إعسار كون التزاماته تجاوزت دخله الشهري؟
3. هل يعفي إثبات الإعسار الزوج من التزاماته المالية لدى البنوك كونه كفيلاً لزوجته وليس المالك الأصلي للعقار؟
4. ما النصيحة التي تنصح بها الزوج؟
وشكرًا!

Oct 16, 2021
211
Legal blog
1 available 1 • View allBreach of Trust and Debts as the Base of Corporate Crime 1
This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.
Mar 26, 2017
1350
Laws & Regulations
3 available 3 • View allFederal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
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.
Dec 15, 1985
148619
Federal Law No. (3) of 1987 Promulgating the Penal Code 29
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.
Dec 8, 1987
47994
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
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.
Sep 7, 1993
33108

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