Q: Dear Madam, I got terminated from my company & I have a bank loan around AED 75000. What do I have to do the next step? Please advise me (ASAP) Best regards

Q: I took a personal loan from a bank in Dubai, 130000 total. Now, my pending is 99300. I lost my job and now I got another job but salary much less, so some dues came. Now, the bank deposited my guarantee cheque and it bounced. They filed a case against me for cheating the bank. How can I solve this by paying a fine? I am not able to pay now monthly.

Q: Dear Madam, Just 2 days before I got termination from my company I am working at in the UAE since 24th Feb 2015, I took a personal loan from a bank. Now, the total outstanding including interest is AED 90000. Can you please advise me because I am jobless? I am working in a construction MEP company and it's not easy to get another job. Best regards

Q: I have a case filed against me by the bank last month end for failing to pay 2 EMIs. I have been unemployed since April 2017 and have managed to pay my EMIs from the settlement I received from my previous company and some other EMIs by borrowing money from friends and families. I haven't been able to find suitable employment during this time and I have AED 52000 to pay the bank (the original amount being AED 254,000). Please advise.

Q: Hi. I have a case filed against me by the bank last month end for failing to pay 2 EMIs. I have been unemployed since April 2017 and have managed to pay my EMIs from the settlement I received from my previous company and some other EMIs by borrowing money from friends and families. I have not been able to find suitable employment during this time and I have AED 52,000 to pay the bank (the original amount being AED 254,000). The cheque bounced by the bank is for an amount of AED 77,100.00. My overdue EMI is AED 9,800, while my outstanding is AED 52,000. The 4-year loan will finish tenure by July 2019. Before the case was registered by the bank, I had emailed them (also spoke with their rep) to give me a loan deferment, however, they chose not to respond. Please advise on the next possible actions. I still have not received any calls from any legal authorities. Will I have to face jail term or deportation?

س: السلام عليكم، أنا سحبت قرض بمبلغ 225 ألفًا وأصدرت بطاقة ائتمان بمبلغ 27 ألفًا من أحد المصارف التجارية. ذاك الوقت كان راتبي 16 ألف درهم شهريًا. تم رفضي من العمل وتحويل مبلغ نهاية الخدمة البالغ 82 ألفًا وتم حجزهم فورًا. بعد 3 أشهر، وفي حين أنني لم أجد عملاً جديدًا، تم سحب كامل المبلغ لحساب القرض (مع اقتطاع مبلغ بسيط لتغطية الدفعات الشهرية لبطاقة الائتمان). الوضع الحالي: - مجمل مترتبات القرض: 109 ألف (بدون الفوائد) بدفعات شهرية قدرها 5300. - بطاقة ائتمان: 19 ألفًا. - متأخرات: قسط واحد للقرض ودفعة واحدة لبطاقة الائتمان. مؤخرًا، حصلت على عمل جديد براتب 7 آلاف. الأسئلة: 1- متى يحق للبنك التقدُّم ببلاغ؟ 2- هل سيتقدم البنك ببلاغ عن المبلغ المتبقي مع/أو بدون فوائد؟ أم أنه سيقدم شيك بكامل قيمة القرض حتى مع الجزء المُسدَّد؟ 3- هل من مصلحة البنك الوصول إلى تسوية تتناسب مع دخلي الحالي أم التقدُّم ببلاغ؟ 4- هل هنالك توقيف في مركز الشرطة وكم المدة؟ 5- هل من الممكن أن تحكم المحكمة بالسجن وكم المدة؟ شكرًا!

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.

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.

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 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.