Questions & Answers
Questions & Answers
3 available 3 • View allOptions in case the post-dated cheques of EOS benefits bounce back

2
Q: Hello
A DIFC based company I work for hasn't paid 5 months worth of salary, plus business travel expenses. The total so far is around AED 700K. In addition, if I leave the company, there will be the gratuity and pay-in-lieu of unused vacation.
The company is offering me post-dated cheques (cheques are in the name of the company, the signer is the group president and one of the shareholders). I am trying to get cheques above AED 200K (because if the cheques bounce it is a criminal charge, right?)
1- What are the consequences for the company and the owner if the cheques bounce? Will the signer face prison and travel ban?
2- How do I raise a complaint about the bounced cheques? Which police department or government authority I need to go to?
3- If the signer says the company doesn't have money to cover the cheque, because the company is not generating revenue or has many assets, then what happens? does he get away with it? Or goes to prison and faces a travel ban?
Much appreciated
Rick


Jun 27, 2018
1474
Consequences of bounced cheques
5
Q: What happens if I bounce a cheque when paying for something?

May 31, 2016
12455
Punishment for unpaid bank loan
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Q: I have a case in court awaiting judgement for a bank loan case of 35'000dh.
What will be the punishment I am going to face?

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Legal blog
1 available 1 • View allBounced Cheques in the UAE: What You Need to Know in 2024 291
In the UAE, cheque bounce is a very frequent problem faced by people during their span in the country. It is covered under the purview of Commercial Transactions Law, and legal implications/penalties can be financially severe and daunting for more “serious” offenses. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases, and individual transactions.
Oct 15, 2024
221882
Laws & Regulations
2 available 2 • View allFederal 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
47888
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
32991

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