The implications of missing the date specified on a promissory note

The law and regulations in regard to the Promissory Note in UAE are as per the Geneva Convention and all the details are mentioned in Federal Law no. 18 of 1993 (Commercial Transaction Law).

If the client does not abide by the said promissory note, as per the law, then on the maturity date, the drawee/promisee can provide a legal notice and open a civil case for the claimed amount as per the law.

However, the case should be filed immediately from the date of maturity.

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