Questions & Answers
Questions & Answers
3 available 3 • View allCivil case by bank for defaulting on credit card payments
3
Q: I had some credit card financial issue and I couldn't pay. The bank put a police case and I paid a fine and finished the case.
After some months with different collection people from the bank calling me and coming 2-3 times directly to my office, they told me they will file a civil case for the total dues of 30K.
What is the solution for finishing all this?

Nov 19, 2018
2446
How to make loan settlement with the bank to avoid a civil case

0
Q: Dear Legaladvice Me,
I have a personal loan of 28k and accrued to almost 50k currently that was not paid for almost 2 years now. The bank has already bounced the cheque and fine has been paid.
In relation to this, I have questions
Will the civil case likely happen? Is it better to wait for the civil case or negotiate with the bank as I believe it is still can be negotiated through court?
I have been trying to ask for a discount but the bank is not refusing to.
Looking forward to your advice.


Feb 7, 2021
1020
Settlement of credit card payments in a civil case by the bank
2
Q: The bank is saying they will go for a civil case after I came out of the criminal case for a credit card cheque bounce. I have no money to pay. Will I be jailed?
I am willing to pay the outstanding amount & dues if the bank can make for me instalment plan without a downpayment.
The cheque amount was 55,000. Now, the amount including fines and dues is 77,000.

Nov 15, 2018
1726
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
7119
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
148537
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
3557

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