Questions & Answers
Questions & Answers
4 available 4 • View allCan the bank deposit my security cheque if I fail to pay 3 loan installments?
9
Q: Hello,
I am 3 months behind on my bank loan with FGB. I have told them that I can pay up 2 months on THURSDAY 2nd Nov 2017. The loan is in my business name and they are threatening to deposit the security cheque of 330,000 Dhs for the outstanding full balance of 250,000 Dhs.
Can they do that? Is that even legal?

Oct 29, 2017
8206
What happens when you fail to pay bank loan instalments?
10
Q: What happens if I failed to pay 3 instalments from my personal loan from the bank?

Jan 24, 2018
13653
Possible scenario in case of defaulting on a business loan
0
Q: Dear Ma'am,
I want to take a loan for business purpose, but if my business is no more working and I am not able to pay the monthly instalments, which type of punishment I have to face or what fines?

Mar 19, 2019
760
The possibility to deposit the security cheque for a small pending loan amount?
2
Q: Hi sir,
I need to know information regarding the below issue:
I have a personal loan of 80k. Out of that, I paid 74k so far. Last few months, I couldn’t pay due to the pandemic situation. Back home, I am supporting them as well using my salary.
I have only 5000 AED pending to pay for the loan, still, from time to time, I pay small amounts like 500AED/1000AED for the loan.
Now, the bank is threatening me to deposit the security deposit cheque for 80k. I requested one week only from them to deposit the rest, but they keep threatening me with it.
Can they deposit it just for the 5k pending amount?

Sep 1, 2021
732
Laws & Regulations
1 available 1 • 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
148361

Other answers by
20 20 answers •
View allHow to sue a stocks trading company and claim back invested money 0
Hi Lawyers,
A lot of people had invested in a Forex trading company based in the UAE.
Do we need to get a lawyer to file a case or can we report it to the police station to summon the party involved so they can settle and refund our money back?
Please help us.
Thank you!
Dec 21, 2021
1288
Transferring the employees to a new company without paying the gratuity 0
Hi,
My company in DMCC is planning to shut down. They are not willing to pay us the gratuity.
They have offered the remaining staff, including me, to be transferred to a new company they are opening soon.
Is there any way we can get a continuation of the contract in order not to lose our gratuity in the long run?
We have all been in the company for more than 8 years now.
Many thanks,
Nov 10, 2021
702
A rented premises is sealed by the court. How can the landlord get it back? 0
We have an enforcement order against our company due to a commercial case in Dubai courts filed by one of our creditors and the office is sealed by the court.
The Ejari for the office has expired, in the meanwhile, the real estate is asking me to hand over the office or face another rental case as we are still liable for the rent.
The civil case matter is involving a large sum of money which the company is not in a position to pay right now but does not want to be liable for another court case.
Is there a way for the landlord to get their premises back?
How long would the court keep the premises sealed until their next step?
Oct 19, 2021
662
How to reduce a jail sentence judgment for smoking weed to a fine? 0
Why is the sentence for smoking weed fine and deportation in Dubai while it's two years and deportation in Abu Dhabi?
Can the sentence be appealed and reduced?
How can we get the name of the accused on the pardon list?
Sep 1, 2021
783
The rights of an employee upon resignation due to salary delay for 8 months 0
My friend was working in a Hamriyah Free Zone company for two years.
His contract expiry date is 13th Aug 2021. He has requested not to renew his contract further as his company has not paid his salary for 8 months.
Aug 11, 2021
416

Other answers by
157 157 answers •
View allكيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟ 0
كيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟
Feb 3, 2022
1719
Can the new owner of an apartment increase my rent if it is against RERA Index? 0
Hi
I'm a tenant of an apartment and a new owner has purchased the apartment. I would like to know:
1. Should I revise the Ejari by canceling the previous one and applying for a new one?
2. My current rent is 35% less than the current market value. Can the new owner change the rent as per the market value, or he still has to follow the RERA Index calculator for a new contract?
Nov 19, 2023
103
I agreed with my landlord to increase the rent 10% I pay in cash. Should I insist on changing the contract? 0
I'm staying in JLT in a house with a rent of AED 140,000 per year. The lease starts on 1st Sep '23 and expires on 31st Aug '24.
The landlord sent me a legal notice from the Dubai Courts in mid-Sep '23, giving me 1-year notice to vacate the house as he plans to sell the house. The notice was received by me through email from the court.
He claims the email notice sent by the court is not valid till I receive it by courier via Aramex for my physical signature. Can you please confirm if this is true?
The landlord is now ready to let me stay in this house for two more years. He has proposed that we maintain the existing lease agreement and Ejari. However, I should pay him AED 14,000 in cash (10% increment).
We will sign a separate paper document wherein we will agree that I will further rent increase of 10% (10% on (140,000+14,000)) on 1st Sep'24 when my current lease expires.
Should I insist on making a fresh written contract with the higher rent (140,000+14,000=154,000)?
Nov 18, 2023
134
Is it possible to terminate a labor contract before the end of the two-year term? 0
Hello.
I have been with my employer for 15 months, and my employment contract is for two years.
Is it possible to terminate the contract before the end of the two-year term?
Nov 24, 2023
122
I have signed Form F and got the mortgage but the seller is in breach. What to do? 0
Hi
I have signed the MOU Form F since July 2023 and we prepared all the papers and the loan from my end on 23/8/2023.
When I went to DLD for the transfer, the seller had registration issues and asked for some papers to be provided as the property is under the company not an individual.
Since that time, we have kept renewing the MOU every month in the hope of finalizing but I am not seeing any progress.
So I am asking about legal action as I already got a bank mortgage and started paying as well but not seeing any progress from the seller.
So I need to ask the following:
1. If my MOU expired on 20.11.2023, can I file a complaint on 20 or after a couple of days like 23?
2. What will happen in terms of 10%? Will it be returned and what about the fees paid to the bank like mortgage fees, evaluation, and cancellation of loan? Will the EMI payment be compensated by the seller?
3. What is your advice?
Thanks
Nov 16, 2023
889
Get quotes from lawyers
Find the right lawyer for your legal needs.
Submit your request and get multiple
competitive offers from
qualified lawyers.
Popular Q&A
View all Looking for something else?
Ask for advice from a lawyer