Questions & Answers
Questions & Answers
5 available 5 • View allProcedures of insolvency as per the new Insolvency Law of Natural Persons
1
Q: The UAE cabinet approved a new law - The Insolvency Law of Natural Persons.
Please advise how to file the insolvency case before the court and the documents required for filing the case.

Jan 23, 2020
772
Possibility of settlement with the bank in case of losing job
3
Q: Hello Sir,
I have a personal loan with one bank in the UAE with an outstanding amount of 250000. The total loan amount was 275000.
I had paid off 5 instalments. I want to know, can I do a settlement with the bank in case I lost my job?

Sep 30, 2019
37
Filing criminal and civil cases against a company for cheque bounce



2
Q: Hello,
I hope you're all doing well during this tough time.
I have a question in regards to bounced cheques, specifically corporate cheques.
I have a cheque for AED 800,000, and it has bounced. The owner of the corporate has asked for a month to pay back. However, I am worried he will leave the country and not honour his obligation.
My questions are fairly simple:
1) Am I to put a case on the individual who signed it or the corporate?
1) If I put a criminal and civil case on the corporate right now and he's unable to settle amicably, can I put a travel ban on the owner (who signed) as it is a corporate case?
2) Does the new insolvency law as of late 2019 also apply to corporates?
3) Is the owner personally liable if the company doesn't have assets or cash?




May 14, 2020
1680
How can I file for insolvency and what are the consequences?
3
Q: I would like to file for insolvency. I need to understand how this will work.
I know insolvency means going bankrupt which means the individual truly has no money, but there is still a cost associated with the insolvency process.
I would therefore appreciate replies to the following questions:
1- What is the insolvency process?
2- How long does it take to complete the insolvency case?
3- Finally approximately how much it will cost in total (lawyer + court fees).

Nov 14, 2022
251
Where to apply for personal insolvency in Dubai?

2
Q: Hello,
I would like to know where to apply for personal insolvency in Dubai.
I would appreciate your assistance in providing me with the exact location or areas where I can apply.
Thank you!


Aug 20, 2023
359
Legal blog
3 available 3 • View allBankruptcy Law and Personal Insolvency Law 10
This article will briefly explain about the Personal Insolvency Law of 2019 and Bankruptcy Law of 2016 in the UAE. Previously, there was only the Bankruptcy Law that was available for the commercial companies, merchants, traders, and similar persons who were suffering from the financial crisis but now individuals have such options available as well especially considering the effects of COVID-19. Both laws were issued to assist distressed persons and entities by offering them settlement options.
Oct 1, 2020
4907
The Consequences of Job Loss and Defaulting on Financial Liabilities 26
The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.
Feb 12, 2019
18889
Filing for Bankruptcy and Insolvency in the UAE: What You Need to Know 8
Dealing with financial difficulties can be overwhelming, but the UAE provides a comprehensive legal framework to manage bankruptcy and insolvency in a way that benefits both debtors and creditors. Understanding these laws and how they work can make a huge difference in navigating the process successfully.
Nov 12, 2024
310
Laws & Regulations
3 available 3 • View allFederal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
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.
Sep 7, 1993
32999
Federal 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
148342
Federal Law No. (3) of 1987 Promulgating the Penal Code 29
This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.
Dec 8, 1987
47896

Other answers by
5 5 answers •
View allملاحقة المقترض في بلده الأصلي 0
هل تجري الملاحقة القانونية في دولة الشخص المقترض ولم يسدد ورجع إلى بلده؟
وهل هذا قانوني؟
حيث أن القرض قد تم خارج القطر (بلد المقترض).
Nov 28, 2021
1921
هل يمكن إضافة طلب استرداد الشيكات من المدَّعِي بعد صدور الحكم؟ 0
السلام عليكم،
الاستئناف والدفع بوجود شرط التحكيم بعد صدور الحكم في المطالبة ضد المدَّعَى عليه غيابيًا في لائحة الاستئناف.
حيث أن المدَّعِي قام بتسوية ثم استلم شيكات ثم رفع الدعوى وصدر له حكم واحتفظ بالشيكات بالرغم من أن التسوية باتفاقية لاحقة لاتفاقية القضية المدنية والمشروطة بعقد التحكيم.
هل يمكن إضافة طلب استرداد الشيكات من المدَّعِي؟ أم القيام بدعوى منفصلة؟
Dec 13, 2021
196
Is it legal in the UAE to run a website with entry fees for players and a cash prize? 0
Hello,
Is it possible and legal in the UAE to run a website with entry fees for players and a cash prize for the winners? Or Would this be considered as some sort of gambling?
This is the function of our site. When the users enter the website, they will see a list of tournaments with different entry fees from which they select a prize group and compete in the respective match or matches.
The final prize for each prize group is mentioned in the beginning. And before the users enter any match, they are fully aware of the entry fee and the final prize.
The final prize goes to the winning team or individual. The winning team or individual is a person/team that has taken out other participants consisting of other teams/individuals that participated in the same tournament.
Nov 22, 2021
293
How to withdraw a legal notice of eviction after serving it to the tenant? 0
I'm a landlord, and I have already served a notice of eviction to my tenant, 02 months ago, as per the proper process, i.e. through Dubai Notary.
The reason was to sell the property. However, now, after 02 months, my situation has changed, and I no longer need to sell my property.
In this case, can I go back to Notary and ask them to 'cancel' the already served eviction notice?
Nov 22, 2021
1173
What did the new personal status and civil marriage law present for non-Muslims? 0
Can anyone explain the latest divorce law in Abu Dhabi for non-Muslims?
Nov 10, 2021
431
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