Q: Hi Lawyers, A lot of people had invested in a Forex trading company based in the UAE. Do we need to get a lawyer to file a case or can we report it to the police station to summon the party involved so they can settle and refund our money back? Please help us. Thank you!

Q: From my advice, one of my clients put money in a trading company nearly 1M $ in his own account and in his 3 more sub accounts. Given the fact that a Muslim trader is forbidden by his religion to charge or earn interest, well, the solution to this dilemma is to trade the forex market with a swap free trading account. My client put money and started trading in forex. During these 4 months of trading, he had many deposits and withdrawal and during this period he lost 800$ hundred thousand in his trading style. After 4 months, when the client gave a withdrawal request of 400K $ in one a/c and 300k $ in his another a/c which all of total 700K$ withdrawal on 16th May 2019. They said in process and till now it's 29th May 2019, and my client has not received any money to his a/c.

Q: Recently, I have been scammed by a person who claimed to be an agent for an organization in Singapore. She claimed that she does 1 min of battle contract trading giving signals to her clients to make the most money. Basically, she asked us to register on a website on which there was battle contract trading. She would make us transfer USDT into the account. She would then give us signals to participate in trading where she made us win profit and every day against our capital. I was introduced by a friend who was dealing with her. He made money and did some withdrawals. After he introduced several other people who trusted him since he was making money and had withdrawn some amount, we tried to withdraw our profit too. That's when the curtain's dropped and all of us realized that we have been scammed. Please help me, I have all the evidence. I can even see my money going from one crypto wallet to another. I just need guidance from professionals to trace my money and get it back. Please Help.

Q: Hi Lawyers, Many individuals have invested in a Forex trading company based in the UAE. Should we hire a lawyer to file a case, or can we report it to the police station to summon the involved party, allowing them to settle and refund our money? The company is not regulated in the UAE, yet it accepts payments in the UAE and manipulates trades, causing clients to lose their money. Please help us. Thank you!

Q: Hello, There is a prop firm refusing to give me my payout accusing me of copy-trading. Every time I provide evidence that I’m not copy-trading they ignore me and send me copy-pasted emails. In their policy, they say that for every 24 hours the payout is delayed, they pay +$1,000. Would it be possible to go after them legally for my payout? And on top of that, the $1,000 for every 24 hours, they refuse to pay me or delay the process of making a decision on what they want to do? The company is [-----] and they operate their HQ out of the UAE which is why I messaged you. Thank you, Sir.

Q: Hello, I'm seeking advice on how UAE law safeguards against finance advisors selling fraudulent investments or defaulting on funds. I've heard conflicting information regarding the necessity of an SCA license or approval from the Central Bank of the UAE. Additionally, I've been told that law firms lack the authority to file cases against finance advisors operating under UAE legal regulations. Could you please provide clarity on this matter or offer guidance? Any detailed response or advice would be greatly appreciated. Thank you.

Q: I am writing regarding a serious case of fraud and professional misconduct that has left me in a critical situation. I have been defrauded of more than 100,000 AED (approximately 25,000 EUR based on 2021 exchange rates) by three individuals.

Many people opt to go for litigation without hiring a legal professional, mainly because they can't afford it. This article provides a brief summary of the steps and procedures of litigation. As the process itself can be confusing to many, even after getting a favorable judgment, we present some tips to help them execute judgments issued by the court and get their rights if an amicable solution has not been reached.

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.

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.