Q: In July 2016, I sent a big amount of money by telegraphic transfer within the UAE when I opened the account with UT market. The company shut down at the end of last year with all money invested. I have the Agreement with me and a copy of the Application for the telegraphic transfer. Any chance the money can be returned? Thank you, Mary

Q: Hi, I want to get advice on what I should do with a company based in Dubai, which is not adding me as a partner even after payment of 100% my share money. I have even paid double by investing all my salaries of 16 months. I am out of the UAE now. Please advise. Many thanks.

Q: Hi, We are planning to buy a beauty salon and we have given the owner a deposit of AED 20k. After a week he asked for another AED 50k as he has dues that need to be settled with the landlord. He gave us a cheque for AED 50k which bounced because the account has been closed a long time back as per the bank. It’s been 49 days and the transfer is not done yet. Can we file a civil case and ask for moral damage as we lost a lot of money since the business is not operating yet? Can we still get our AED 70k that we had given to him?

Q: You paid your partners in a Limited Liability Company a personal cheque to buy their shares. They took the money but never transferred the shares to my name. They closed the bank account and took the money.

Q: A client raised a case against our company in Sharjah for some financial disputes. One of our suppliers took our money and ran away almost one year ago, now our situation is that we are not in a position to give back money to our client. In this case, what is the best possible option to solve this case in court or with our client? Your quick response will be highly appreciated!

Q: Dear all, My husband is a real estate agent who found a client who wants to exchange Chinese Yuan to USDT. He then found a friend's friend who runs an Over-The-Counter (OTC) exchange house that is not licensed in the UAE. They agreed on a referral fee for my husband if the transaction is successful. The client transferred the CNY to the OTC exchange house and sent a screenshot of the transaction. The OTC released the USDT to the client without checking if they had actually received the money. One day later, the OTC realized that they had not received the money and the client had disappeared. The OTC is now threatening my husband to bear the loss because he introduced the client to them. Can you tell me what the legal implications are for my husband? Many thanks!

The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.

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.