Questions & Answers
Questions & Answers
3 available 3 • View allPrecautions for giving a security cheque against provided services



8
Q: We are asked to give an undated security cheque in lieu of the payment done for provided services, how to write this cheque?
Can we mention "Security Cheque" on the face of the cheque?




Mar 15, 2020
9972
An employee issued a security cheque on behalf of the company, what to do?
1
Q: Hi,
I had given a security cheque of AED 5000 on behalf of a company I was working for as at that moment the owner was in the process of changing the bank account.
Therefore on goodwill, I had given my personal cheque. I left the company and now the company is not paying the service provider and therefore the service provider has deposited the cheque even though I clearly asked them not to, as I am not part of the company any longer.
I have now asked the service provider to return back my cheque and to send their collections team to the head office to get their payment sorted.
Is there any way I can take this matter to the police as the company is still running and the owner is still around?
All invoices were issued under the company.
I would much appreciate your assistance on this matter!

May 17, 2021
489
Claiming security cheques from client for breach of contract


2
Q: How can we get our security cheques back given to our client against an advance for an order?
Later, the LPO was cancelled after 170 days and we had already started the work for the job.
We have offered to give a non-transferable credit note to the client but the client is asking us to deposit an advance given to us against the LPO in the bank account of the client and holding our undated security cheques too.
The client has breached the contract by cancelling the LPO after 170 days while a part of the job drawings, structural calculations and other work were done.
Please advise how can we get our cheques back.



Jul 2, 2019
4125
Laws & Regulations
2 available 2 • 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
33033
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
148443

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