Q: Hi, I lost my job a year ago and I have an outstanding credit card of AED 300k. I've missed the last 9 monthly payments (I am negotiating directly with the bank). I am willing to settle the credit card with one lump sum payment that a friend will lend me. How much discount on the balance of AED 300k can I negotiate to settle the matter? Should I also ask for a clearance/ no liability letter?

Q: Is a bank obligated by law or financial regulation to provide a payment plan for a credit card loan if the monthly instalments are too high?If the answer is no, what can I do to avoid legal action and only pay half the instalment which is what I can afford? 

Q: I have four credit cards which I am using last 5- 6 years. My financial situation has currently changed dramatically, and I am not in a position to repay the minimum payments. Until the last month, all the payments were accurate. All four credit cards entitle to use AED 100,000. As per my knowledge, the bank will file a case against me and I would like to know what actions can I take to avoid prison. In addition, I think I need a lawyer so that he can take care of my documents and release me if they will catch me. Could you please tell me what will the next step be? How can I get a court decision in my favor and obtain a police clearance certificate after all this? Thanks.

Q: Hello Sirs, I badly need help. I was terminated from work due to a bad market situation to cut the cost. They let me use the company visa until I get a permanent job but the market situation is really bad. They informed me that the management has decided to cancel all pending visas of terminated people including mine. When my passport and documents were submitted to JAFZA, the cancellation was rejected due to a police case due to non-payment of a bank loan. I am so afraid they will catch me and put me directly in jail... If so, how can I start again and look for a new job to repay my loans? Please, I beg you help me... I'd been in a very painful stage of life losing everything... please help me... Thank you so much in advance.

Q: Salaam, I have an issue with Abu Dhabi Islamic Bank regarding a credit card. I have paid everything last week. How can I make sure that they have no legal action against me in the UAE? I am out of the country since 2015.

Q: I have a FAB credit card, they are asking me to pay an amount of AED 1150 within today or else they will send a legal notice to the HR, CEO and owner of my newly joined company. Can they do that? Also, can I hire a CA to check how much I actually owe them and how much I have actually paid for interests and fines and late payment fees? Your prompt response would be highly appreciated.

With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.

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.