Dubai, UAE

How to know if you have a case or travel ban for an old bank debt and when does it drop?

Hi Alona,

I had some loans from banks in 2015 which amounted to 400k from 3 banks. Now with the 2022 rule, I checked and there is no criminal case or travel ban against me which is a relief.

I plan to re-enter Dubai but I fear that the banks put again another case against me for these old debts based on the new commercial/civil law. Is the debt finished?

I don't want to get stuck in Dubai for old loans. Kindly advise on my possible course of action going forward.

Alona Sadovets

Al Dhaheri International Advocates & Legal Consultants

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6 Oct 2022, 05:30

Hello,

There were a lot of changes in Commercial Transactions and Civil Transactions laws but the limitation period for recovery of monetary obligations did not change.

It remains 10 years since the obligation became due. Hence, it is better you ensure to settle your obligations with banks before coming.

6 Oct 2022, 08:06

Thanks for your reply.

So if I wait a few years more, then the debt will be gone?

Is it 10 or 15?

I read 15 years in some other forum.

6 Oct 2022, 08:37

Hello,

This is correct, if the agreement is classified as civil then the limitation period is 15 years.

If it is a commercial contract, then it is 10 years.

In every event, the limitation period needs to be assessed individually, based on the underlying contract and factors that may stop the limitation period from running.

6 Oct 2022, 09:03

Thanks for your time.

Please, can I get your contact information if I need to take this forward?

I'm having a tough time getting some clear answers on this topic.

7 Oct 2022, 06:28

Our office details are on our law firm's page.

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