Questions & Answers
Questions & Answers
4 available 4 • View allSettling a case for defaulting on a personal loan with the bank
5
Q: I took a personal loan from a bank in Dubai, 130000 total. Now, my pending is 99300. I lost my job and now I got another job but salary much less, so some dues came.
Now, the bank deposited my guarantee cheque and it bounced. They filed a case against me for cheating the bank.
How can I solve this by paying a fine?
I am not able to pay now monthly.

Jan 13, 2019
7378
Payment of bounced cheque fine and release from custody
0
Q: Good Afternoon,
My relative had been in court trial today for a bounced cheque wherein the judgement is a fine payment of AED 10,000.
He has sufficient money with him and can pay this fine immediately, however, the court is not clarifying when the fine can be paid and when he will be released.
At the moment, he is being held at the Dubai Courts and we are still unsure when he will be able to get out. I am aware that the Courts close at 2 PM.
Does it also mean he would not be able to be released today?
Thank you

Nov 6, 2018
1002
Defaulting on the payment of a loan EMI and legal consequences
1
Q: Dear Mr Hari,
Good day.
I took a loan from a bank one year back for AED 64,000 and now I have an outstanding amount of AED 48,500 which I am now unable to pay due to the loss of employment.
I have also missed 1 EMI until now and have not paid this EMI for the past 3 months, however, I somehow managed to pay all the EMIs until now but I am unable to pay any further.
Kindly let me know if the bank can file a criminal case against me or there are any new UAE rules according to which I only have to pay a certain fine.
Also, as I lost my job recently I am on a visit visa. Kindly let me know if I will be facing a travel ban if I don't pay? How to deal with the situation?

Mar 10, 2019
1480
هل تؤثر قضية شيك مرتجع على إصدار إقامة جديدة؟


1
س: السلام عليكم،
تم رفع قضية شيك مرتجع ضدي. بعد أسبوع سألغي الإقامة وأصدر إقامة جديدة.
هل يؤثر ذلك على إجراءات الإقامة؟
وشكرًا لكم!



Aug 22, 2022
580
Legal blog
2 available 2 • View allBounced Cheques in the UAE: What You Need to Know in 2024 292
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
222736
جريمة الشيك بدون رصيد ما بين الوضع الحالي والوضع المستجد 19
يلعب الشيك دوراً مهماً في الحياة اليومية سواء في ميدان المعاملات التجارية أو في ميدان المعلامات المدنية باعتباره أداة وفاء والتزام تحل محل النقود في التعامل بين الافراد. ونظراً لهذه الأهمية فقد أصبح أكثر الأوراق التجارية انتشاراً وتداولاً بين الناس، على الرغم من حداثته نوعاً ما. فالشيك لم يبق كما كان في بداية عهده أداة لسحب الودائع المصرفية لحساب الساحب ذاته، بل أصبح أداة وفاء تحل محل النقود سواء على النطاق الداخلي بالنسبة للمعاملات التي يقوم بها الأفراد داخل الدولة فحسب وزادت أهميته.
Jun 3, 2021
11316
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
148538
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
47954
Federal Decree Law No. (14) of 2020 Amending Certain Provisions of the Federal Law No. (18) of 1993 Concerning the Commercial Transactions Law 4
The provisions of this Decree by Law amend the Federal Law No. (18) of 1993 by replacing Clause (4) of Article (379) as well as Articles (600), (617), (641), (642), (643), (644), and adding new articles numbered (635) Bis, (641) Bis (1), (641) Bis (2), (641) Bis (3), (641) Bis (4), (643) Bis (1), (643) Bis (2), (644) Bis (1) and (644) Bis (2). The Decree-Law also repeals Articles (401), (402) and (403) of the Federal Law No. (3) of 1987.
Sep 27, 2020
3560

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