Q: Reviewing this article and UAE FL 18 of 1993, Article 95 CTL states 10 years for commercial obligations between bank and person (trader): I would like to know if the statute of limitation (time-bar) can be brought up in court for defence if the verdict by the initial court is issued in 2010 (10+ years ago) and nothing has paid by the debtor after the execution of the verdict. Exp: If a case has a time table like below, can the defendant still use the law in relation to time-bars? - Case opened in the UAE initial commercial court: 2010 - Case reached a verdict in absentia (UAE commercial initial court): 2010 - Case is sent to Execution court and remained there ever since: 2012 If nothing has changed and no payment is made, am I right to assume that after 10 years (2021), this claim is time-barred and the defendant can use the statute of limitation as his defence with the debtor?

Q: I have filed a commercial case for debt recovery against the defendant company in Dubai. I have won the case in my favor. The defendant company's eventual owner and the managing director are Indian ex-pats based in Dubai since more than 30 years. He is currently in Dubai and I strongly know and believe that he cannot run or leave Dubai in the immediate to long term so he will have to face the execution filed against him. What is expected to happen (what will be each stage) after we file for execution and the expected timeline I will expect in due course before I can finally recover our funds Please anyone can guide me in detail and in full explanations. Thank you!

Q: Dear Sir/Madam, How long is the prescription period for a financial crime, such as a bounced cheque? I have heard that it’s ten years. Is this correct? Thank you!

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 Federal Decree-Law No. 50/2022 Issuing the Commercial Transactions Law, known as the "New Commercial Code" governs commercial transactions in the United Arab Emirates. The New Commercial Code repeals the previous UAE Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law.

The provisions of this Decree-Law, known as "New UAE Labor Law", govern labour relations in the private sector of the United Arab Emirates. The New Labor Law repeals the previous UAE Labor Law (Federal Law No. (8) of 1980).