Q: Hello There, I am a bank defaulter. I had a bank loan and credit cards in the UAE. Due to a job loss in 2009, I had to leave the UAE. My intention was to repay the amount and I did pay for some time until I was misguided by the bank employee. I have a job offer now and wish to go back to Dubai again. I can't afford to pay in one go but small EMIs. Kindly advise.

Q: I was working in Abu Dhabi. I have a personal loan amount of 82000 and 20000 of a pending credit card bill. I lost my job due to the current COVID pandemic. When I came to India for my annual vacation, my employer terminated me and canceled my visa. I was not able to come back. Even tourist visa possibilities were less. As everyone in India aware that this job loss and paying back the debt of a UAE bank is very tough. I am ready to pay some small percentage of the amount to the bank as a settlement. Is it possible?

Q: I lost my job last year because of the pandemic. I took a 3-month visit visa 2 times in hope of getting a job. But I ran out of funds and overstayed, as of the moment my fines are AED 7100 now. I do have a credit card and personal loan and defaulted on my payments. As per the bank, they already filed a case against me. I am still waiting for a call from the Police. A few days ago, I got a job offer. They told me to settle my issues before they process my work permit. I am afraid they will not wait for me if my issues are not resolved soon. Is there a way I can waive or reduce my fines for overstaying? How much will my fines be in the Police for a credit card limit of AED 9K and AED 18K, and my principal loan amount is AED 160K and had paid one year only? Can I still get a visa if I pay the fines to the Police? Or I will go to jail? What will I do?

Q: Hi, I have a friend who lost his job in the UAE, but he still has a loan and a credit card outstanding balance to pay. He is asking for advice on what to do now.

The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.

In the UAE, cheque bounce is a very frequent problem faced by people during their span in the country. It is covered under the purview of Commercial Transactions Law, and legal implications/penalties can be financially severe and daunting for more “serious” offenses. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases, and individual transactions.

The UAE travel ban may be imposed on a person on various grounds, for instance, as the result of criminal offences, unpaid loans, breach of immigration laws or family matters. Implications of such a ban can be financially severe and daunting for the affected person. This article aims to give readers a clear understanding of what is the UAE travel ban, what are the grounds and procedures for its imposition and removal, how to check if the person is banned from travelling and other related topics.

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.