Q: Our company is not operational anymore as we had debt with two banks and we are now in India. So, we have been negotiating with the bank directly to bring down the one-time settlement amount. We most likely have two cases against our company by these two banks. I need two services from you. 1. Collect debt on behalf of us - from several companies - total around AED 1.3 million. What's the likelihood of collecting these debts? How will you pay back to us in order for us to settle to other suppliers? And is there any fee or once you receive our payment? If there is an upfront fee, we are unable to pay at this stage. 2. We already have AED 600k worth of cheques under our company name. How will you help in cashing those cheques on behalf of us? Is there a way? If we deposit into our bank account, does it get deducted towards our debt without reaching a settlement. There are 4 cheques. Share your thoughts. We would hire you if your answer makes complete sense to us.

Q: I am a trader, my clients provide me PDC cheques (post dated). As per new law if my clients bounce the cheque & I make a case against them, they won't be imprisoned, they would have to pay fine.  What about my payment, how would I recover my bill payments? Will they still be liable to pay my dues? Also, will they be under a travel ban?

Q: I had given a cash loan of 1.2 million to a restaurant owner in Dubai for 1 year, on a PDC security. They served me some profit for almost a year, and when the date of repayment came, he started giving me different dates. I bounced the cheques and complained in Dubai police, the police have opened a case and put a travel ban on the signing authority. While running out of the country, the lady who was the signing authority was arrested and sent to the police station and from there to the public prosecution. They used some links and skipped out of the country although the company and other partners are still in Dubai. Please advise me what should be done to recover the amount, as the signing authority ran away.

س: السلام عليكم ورحمة الله، في حالة رفض البنك التسوية إلا بتقديم دفعة أولى ويكون المبلغ كبيرًا والشخص ليس لديه هذه الدفعة، ماذا يفعل؟

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.

The law promulgates UAE Civil Procedures Code (Civil Procedure Law) which governs civil procedures in the United Arab Emirates, including the prosecution before the courts, litigation and execution.

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.