Questions & Answers
Questions & Answers
3 available 3 • View allSeeking lawyer service to help in loan settlement with a Dubai-based bank
3
Q: Seeking Lawyer service to help in loan settlement with a Dubai-based bank.
Background: The client has defaulted on a loan availed from a bank in Dubai (UAE) and is seeking services from a lawyer in Mangalore to help him in the settlement process. Due to this, the client is unable to fly back to Dubai.
As obvious, the lawyer would need to be an expert in understanding the nuances of laws that are pertaining to banking and financials in Dubai.
It is assumed that the lawyer can provide all of these services (including representing the client in UAE court) from Mangalore. In any case, if travel is required to Dubai, all charges pertaining to travel will be borne by the client.

Nov 1, 2021
823
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
Loan settlement with the bank in the UAE to stop harassment by collection agency
3
Q: Hi
I am from India and I left the UAE in 2020 with a personal loan outstanding of 300k due to my job issues, I am in the UK currently for the past 2 years.
The bank has received my end-of-service benefits and holds them. Now they are threatening me via a collection agency from India to go against my parents who have nothing to do with this loan.
They are calling them by phone and messaging to threaten me from time to time. I have complained to my bank about this bullying from this collection agency but no action is taken from the bank.
I am currently paying the minimum amount to the bank in the UAE towards my personal loan.
I like to know what action can the UAE bank take against me in the UK and in India against me and my parents.
What is the legal right the collection agency in India has to act against me and my parents?
If I can't pay my personal loan due to my financial situation, what will the consequences be?
Kindly advise.

May 4, 2022
804
Legal blog
1 available 1 • View allFailing to Honour Bounced Cheques in Loans and Other Transactions 8
An interview-format article covering the topic of loans and bounced cheques in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Jan 15, 2020
7129
Laws & Regulations
2 available 2 • View allFederal 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
148564
Federal Decree Law No. (14) of 2020 Amending Certain Provisions of the Federal Law No. (18) of 1993 Concerning the Commercial Transactions Law 4
The provisions of this Decree by Law amend the Federal Law No. (18) of 1993 by replacing Clause (4) of Article (379) as well as Articles (600), (617), (641), (642), (643), (644), and adding new articles numbered (635) Bis, (641) Bis (1), (641) Bis (2), (641) Bis (3), (641) Bis (4), (643) Bis (1), (643) Bis (2), (644) Bis (1) and (644) Bis (2). The Decree-Law also repeals Articles (401), (402) and (403) of the Federal Law No. (3) of 1987.
Sep 27, 2020
3565

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