Questions & Answers
Questions & Answers
3 available 3 • View allAvoiding a civil case by the bank through settlement
4
Q: Dear Ahmed,
Eid Mubarak!
I lost my job two years back and I have been on a couple of visit visas without luck!
I have a loan which I was able to pay the first few months of being laid off, however, I couldn't afford to until the bank deposited one of the security cheques.
I was arrested while exiting the country, and fined where I was handed over my passport.
I am back on a visit to look for a job but the bank has threatened to open a civil case, what are my options?
Will they take me to jail? Is there a way I can request the court to allow me to pay little instalments until I get a job?
Kindly advise

Jun 27, 2018
10759
Settlement of a bank loan before returning to the UAE
4
Q: Hi Sir,
I have a personal loan from a bank with an amount of AED 100,000/-. Due to my health issues and family issues, I left the UAE and now in my home country.
I don't have much money left with me as I had so much family issues where I spent the money, and now I do not have enough money to pay back the loan.
I want to come back to the UAE. Is there any way to solve the issue?

Sep 15, 2018
3326
Seeking settlement with the bank for defaulting on a loan
2
Q: I am a defaulter on a bank loan in the UAE.
Now, I am requesting the bank for settlement but still no reply from their side, can you guide me on this?
What I have to do now? I am offering them but they're still emailing me about a legal case. Any solution to this?

Sep 14, 2018
2765
Legal blog
1 available 1 • View allThe 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
18957
Laws & Regulations
3 available 3 • View allFederal 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
47958
Federal 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
33071
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
148545

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