Abu Dhabi, UAE

How to recover the money of bounced cheques paid against business shares

I sold my shares in a restaurant business in Abu Dhabi for AED 600k, paid in post-dated cheques of AED 20k a month. The cheques are issued against the business itself, not the owner.

The first AED100k were paid but starting Feb 2020, the owner stopped paying the cheques claiming the business was going bankrupt soon but the business is still operating and seems to have survived the COVID-19 situation.

I need legal advice to get the owner to start paying the cheques. All the post-dated cheques are deposited in a bank but they are issued against another bank. The business is registered in Abu Dhabi.

Hayyan Khan

Avrio Legal Group

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5 Jan 2021, 18:43

Hi,

In such cases, we advise of going by route of legal notice to reiterate your rights. In case of non-compliance with the legal notice, we may proceed with filing a case before Abu Dhabi courts.

For further information, please contact us at our email.

5 Jan 2021, 19:12

Thanks, Hayyan, for the quick response.

How to proceed with the legal notice while I am not any longer in the UAE, currently in Canada?

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Mohammad Salah Shoaib

Al Fahad Legal Consulting

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5 Jan 2021, 19:09

Dear Questioner,

You should file a criminal complaint with bounced cheques against the owner in order to get at least a judgment against him in case the business is going to bankrupt, so you will be able to recover your money back.

If you do not know the exact procedures you have to follow, it is with pleasure we can offer you our legal services to help you legally to file criminal cases against the owner.

If you interested in the aforementioned, please feel free to contact us at our email.

Thanks.

5 Jan 2021, 19:15

Thanks, Mohammad.

I would appreciate your advice on how to proceed while I am not any longer in the UAE, currently in Canada.

6 Jan 2021, 18:17

You can notarize a Power of Attorney in order to act on your behalf and proceed with registering the case against the owner.

Please feel free to email us a copy of the cheque and your passport to draft the POA and the engagement letter and send it back to you.

Thanks.

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Samira Al Zarooni

Samira Alzarooni Advocates and Legal Consultants

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6 Jan 2021, 05:03

Kindly give us a poa after you get it attested from the embassy of the UAE in the country that you're residing in and that's easy.

We can take it from there, the legal notice, the filing of the case and further. If you'd like us to draft the Power of Attorney, send us a text or call on our phone.

6 Jan 2021, 05:55

Thanks, Samira.

I will text. my number is [-----].

6 Jan 2021, 06:08

Welcome.

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