Questions & Answers
Questions & Answers
5 available 5 • View allClaiming a personal debt with post-dated cheques
0
Q: I was persuaded by my friend to put money in an online trading, and he will trade on my behalf and will share the profits.
He guaranteed me that he will trade very carefully and the principal amount will not decrease, but he lost all the money in one night which is AED 35000.
Then he gave me 6 cheques of 5000 each payable after every third month.
Kindly advise how to proceed as he is not ready to pay now.

Jan 9, 2018
944
Protect your rights legally in case of lending money to a friend
0
Q: Hi,
I lent some money to a friend here in Abu Dhabi as we are pooling money to invest in a hedge fund located in the USA. The contract and account linked to the hedge fund are my friend's.
How can I document this agreement between me and my friend to whom I lent the money in case of any issues in the future?

Jan 17, 2021
279
The legal way of recovering the amount of bounced cheque
13
Q: I got a cheque of AED 220k which bounced. I opened a case with Sharjah police. They contacted the gentleman and his brother told me they detained him this weekend at the police station.
It seems tomorrow a court appeal will happen. I have not been contacted by the police or the person who gave me the bounced cheque.
The proposal according to his brother would be 14 cheques of AED 10k and two cheques of AED 35k (Total 16 months).
If the person leaves the country, will I have issues for the cheques?
If I leave the country to relocate somewhere else, do I have any issue to get my money?
If in the 8months a cheque of AED 10k bounced, what will be the consequences?
Thank you for your kind help.

Sep 8, 2019
733
What kind of legal document is required to guarantee paying back a debt?
1
Q: Someone who owes me over AED 25,000 has agreed to pay back AED 5000 a month.
Can we get a contract which both signs and is legal standing if he does not pay the agreed amount back on the agreed date?

Oct 30, 2021
342
How to sue a stocks trading company and claim back invested money




2
Q: 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!





+1
Dec 21, 2021
1357
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
148536
Federal Law No. (11) of 1992 Concerning Issuance of the Civil Procedures Code 42
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.
Feb 24, 1992
75398

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Canceling my MoU and getting my deposit back due to a low bank valuation and overpriced property 1
Hi,
I wanted to purchase a 2-bedroom apartment in JVC Dubai. I gave a 10% security deposit cheque to the seller. The price mentioned in the MoU is very high compared to other similar apartments in the same building.
The bank’s valuation also came in very low. Since the valuation is much lower, how can I terminate the MoU and get my cheque back? The MoU ends on 1st October 2024.
One of the articles in the MoU states:
In the event that the Buyer fails to make the payments as agreed or fails to complete the transfer on the agreed date due to his own acts or omissions, the Seller has the right to terminate this agreement and retain the deposit, provided that the termination is due to a violation of the agreed terms, unless both parties agree amicably to different dates.
I need help urgently.
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Absent repeatedly due to salary delays. Can the company terminate them without EOSB? 1
Dear Sir/Madam,
There is an employee who has been absent repeatedly. However, the company is not paying salaries on time, with regular delays in salary payments.
Can the company terminate the employee without end-of-service or notice period compensation if the employee cites occasional salary delays as the reason for their absences?
Jun 4, 2024
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If staff did not come back from vacation, after how long can we terminate him/her? 3
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May 9, 2024
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I was married in Abu Dhabi last year at the family court, is my marriage certificate valid in the US? 0
I was married in Abu Dhabi last year at the family court, is my marriage certificate valid in the US?
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How is the probation period calculated exactly from the date of signing the contract? 0
Regarding the probation period, when is the deadline for an employer to terminate me if the DOJ anniversary is Friday 2nd Feb?
Will the six-month period end at midnight on the 1st, therefore completing six months, or can the employer still terminate on the 2nd?
Appreciate any guidance provided.
Jan 26, 2024
1461
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