Q: I had a friend who had loaned me money of AED 3,800 with which I am paying interest for over 2 years now, as my financial state is difficult and promised to pay before the year ends. I am paying previously 15% and now 10% every month. This month I am paying half of the interest for some reason, and my friend keeps harassing me over a monthly interest. Please advise if I can report a friend to the police over harassment and be forced to pay. Take note, I always pay interest on time but only this month I am short for money.

Q: Hi sir, I am a mom of two kids. We are on a visit visa. My husband is running a technical service company. He borrowed some amount from my neighbor using his credit only. My hubby returned almost the full amount but that guy did not accept. He wants more interest so he is threatening me. He posts my family photos on Facebook and pastes all buildings. He got my mother's address in my home country and blackmailed me to send some people to my mother's home. I am afraid sir! Can we raise a complaint against him? We have proof about what amount we got and returned to him.

Q: My friend borrowed money from me for AED 50,000 and issued a cheque of the same amount as a guarantee drawn against her business account under sole establishment. We also signed an agreement that she will pay 7% each month for 6 months as an interest. In short, it's been more than a month she has not returned the AED 50,000 to me and I already presented her cheque and got bounced for insufficient funds. Can I file a civil case directly against her for bounced cheque without filing a criminal case first? What if my friend tells the court that I lend money with interest and showed the agreement we signed, will the court punish me or put me in jail? Kindly advise, what is the best thing to do?

Q: Dear Advisor, One of my friends was working in the banking sector. One day he asked me to take a loan of AED 100,000, also he used all my credit cards. And he promised to pay every month. I took a loan for him. After 2 or 3 months, he stopped paying the dues, and several times I requested to pay but he didn't pay. Finally, I paid all the money, more than AED 200,000. One day he agreed to pay AED 4,000 every month and settle my money and stopped paying that also after 1 year. Now, he is not responding and changed his contact number, I don't know where is he now! Can anyone advise me on how to get my money back? He gave me a cheque. When I talked to him last time he said he lost his job also. There's now around AED 147,000 balance.

Q: I took 5k on interest from someone. I give him a blank cheque. I paid more than the amount but he did not give me the cheque. Now he deposited the 20k amount. Now I received a message from the court that I have a travel ban but I have to do it.

Q: I received a legal notice as I owed money to a friend. During corona, and for the last 2 years, I don't have a stable job, not receiving a salary on time. I told my friend that I cannot commit to that time. However, recently in the last 2 months, I got a job and I explicitly told her to allow me to start next month. I replied to the legal firm confirming I received the notice and also send them proof that I don't have the capability of paying that on time. I am in the right way of responding to the legal firm and sending all proof of my income. I even have open communication with her. I never blocked her and I have the intention to pay. I should have left the UAE and disappeared. I requested for amicable settlement as they requested to pay back the money (AED 25K) in 5 days, that's the reason I explained and attached a financial statement to prove that I am not receiving a fixed but a late salary from my previous company. Seeking your advice.

Q: Dear Sir/Madam, We are a company registered in a free zone with a bank account in Abu Dhabi. We have a friend in Germany who is floating his own startup. He is seeking a loan. Are we allowed to provide this loan from the excess funds of the company, accompanied by a properly drawn-out agreement with a definite return date?

Q: Dear Sir/Madam, My friend asked me to give him a loan of 17,000 AED. He said he would give me interest. I was not aware at the time that interest is not allowed on private loans between individuals. For 5 years, he said he would pay me back but he hasn't fulfilled his promise. I have only asked him to simply repay me back the principal amount and that I do not need any interest at this point. He kept stalling and finally, I was fed up with it and informed him I would file a case. Now he is angry and he threatened me that he will sue me back since interest on personal loans is not allowed. It is like he knew about all this from the start and manipulated me into this. I think his plan all along was to take a loan from me, offer me interest knowing it is not allowed, and then use that excuse to not repay it. Please tell me what I can do in this situation. Will I be able to recover the amount? I live in the UAE.

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.

Over the years the UAE has become a centre of trade and commerce for the Middle East, thanks to its strategic location, excellent connectivity and extensive services to assist with all aspects of business. According to the World Bank's 2016 report, the UAE has ranked 31st in the global index of ease of doing business. This encourages more entrepreneurs to set up different kinds of business entities in the country.

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.

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.

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.

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.