Q: Before 2 years, I gave a loan to the owner of an advertising company. He was getting an order of advertising on a 2-3 month credit basis. However, he did not have the cash amount to pay the suppliers; hence, I gave him a loan against a share of transaction profit. Against my cash cheque, he was giving me 2-3 month post-dated cheque for the amount value of cash paid + the profit. Things went well until the very last cheque bounced with an amount value of AED 80,000. Further, I gave the same owner but under a different company (gym business) AED 100,000 to purchase new gym equipment. He gives me rent of 3K per month until 6 months and after that, he pays me 114K to own the gym equipment. Only 2 x 3K cheque cleared but the rest bounced. Now, I'm left with 80K cheque from the advertising company, 3 x 3K from the gym company, 100K from the gym company, 14K from the gym company. Can I legally proceed and successfully get my money back? What are the procedures and how much will it cost? Thanks

Q: I have invested in a company for lucrative profit returns in 6 months documented in Dubai courts agreement plus a contract from the company. The company contract has weekly profit for an amount of 6 months. I have 4 contracts that end each in 6 months. The 1st contract ended in June, 2nd will end in July, 3rd in Aug, and 4th in Sep 2021. I did receive weekly profits delayed by ±4 days into my account, however, since the 3rd week of April, I have stopped receiving the profit from the company and CEO in charge of the deal. I have tried to communicate with the company and the CEO but all I get is a message saying 'you will receive the amount his week'. No amount received and I have a substantial backlog. Due to this improper communication and dealing, I would like to know the course I should take to recover my investments. Appreciate the advice to move forward.

Q: I have invested in a company, which they promise to pay me 20% return in March 2015. They paid my returns for about 2 years, though most of the times it was delayed. They stopped paying me almost a year ago and have not paid a single Dirham since then. The company seems to be a fraud because the other investors with whom I am in contact with faced the same issue and their payments are stopped for one year. I am seeking legal advice on how I can recover my money from them.

Q: We have invested more than AED 100k in an investment company where they have promised high interest after a few months. Unfortunately, it’s been more than 6 months that we haven’t gotten any interest on the money we have invested. The company is saying that they need more time due to financial challenges. A lot of investors in the same company are affected. I appreciate your support and legal advice. We just want to have our hard-earned money to be returned.

This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.

The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.

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.