Questions & Answers
Questions & Answers
5 available 5 • View allDefaulting on credit card payment and subsequent civil case
123
Q: Dear Sir
I am a Dubai resident.
Last month, Mashreq filed a criminal case against me for credit card cheque bounce of AED 60000. I paid the fine and got released from the police station.
Now, they called me again and said they are going to file a civil case against me. If they file a civil case, will there be any immediate travel ban?
Also, advise if the police can arrest me on the basis of this civil case immediately.

Jan 16, 2019
25782
Credit card settlement and possibility of a travel ban
29
Q: Salam Mr Khalifa,
Quick question if possible.
If someone has a credit card and he wants to stop it and discuss the settlement of the pending amount with the bank, will there be a travel ban during that period?

Jun 10, 2018
8811
Consequences of missing credit card payments
18
Q: After missing 2 months of payments on a credit card, the bank presented a security cheque on my current account for AED 101,000 and it bounced.
They have said that they have filed a case with the police and issued a travel ban. I have since made a minimum payment as requested and plan to discuss repayment with the collections department.
As a businessman, I travel to other countries. Will I now be subject to a travel ban/ be detained at the airport / taken to prison?

Mar 15, 2017
29499
Lending money to a client whose debt burden ratio is above 50%
0
Q: Dear Mr. Mazen,
Wish to seek your advice on the below issues please:
1) Can a bank or financial institution lend money or issue a credit card to an individual even though his / her Debt Burden Ratio (DBR) is above 50%? The UAE Central Bank regulation, as per a gazette of 28th November 2013, states that it is not possible?
2) Can a bank or a financial institution demand from an individual a 'blank cheque' (no amount, no date but only a signature of the customer) as a guarantee at the time of issuing a credit card or loan?
Is this practice legal as chances of misuse are possible?
Thank you in advance and looking forward to your response at the earliest convenience, please.
Best Regards,

Apr 7, 2020
820
Inability to pay credit card installments upon retirement
1
Q: Dear team,
It is appreciated if you could help on the matter below.
I am an ex-pat. I have been working in Abu Dhabi for the last 10 years. I have been using credit cards since then. Last year in September 2018, I retired from my employment as I reached 60 years of age.
I had some outstanding credit card payments which I have been paying from my savings till the last year, however, now I am in financial difficulties and I am not able to pay the amount of the installments.
So in these cases will the banks restructure my loan and pause my payments for the time being till I can get a new job or else will I be sent to prison if being defaulted?
Many thanks!

Nov 18, 2019
408
Legal blog
1 available 1 • View allFailing to Honour Bounced Cheques in Loans and Other Transactions 8
An interview-format article covering the topic of loans and bounced cheques in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Jan 15, 2020
7121
Laws & Regulations
2 available 2 • 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
148543
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
47957

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My uncle died 2 weeks ago in one of the private hospitals here in Dubai.
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