Questions & Answers
Questions & Answers
9 available 9 • View allRecovering a personal loan advanced to a friend

3
Q: I lent AED 90000 to my friend as a personal favour in 2016, to help his business. We agreed without interest on repayment.
I have taken his personal cheque as a security. No agreement made. My friend is not returning the money as agreed.
I want to make a written agreement with my friend now.
Please advise on the procedure for this in the UAE.


Oct 18, 2018
1984
Claiming a loan given to a friend without written agreement
22
Q: Dear Sir,
I have given some money (AED 185,000) to my friend for his business purpose, almost 18 months before. Now, he does not return my money back.
I didn't have any legal agreements or security cheque. I transferred this amount from my account to his account. Can I proceed with a case?
Please suggest me, Sir.
Thanks
Mohammed Rashid

Sep 10, 2018
6021
Recovering a personal loan given to a friend without documents

1
Q: I gave AED 200K amount to my friend to start up a new restaurant in Abu Dhabi.
For the last 1 year, he did not pay me anything and always have some excuses.
Need legal advice about my rights and how to handle this situation.


Dec 13, 2018
2059
Filing a case for the recovery of money loaned to a person


3
Q: I want to file a case against a person who took my money and not returning. Please guide me through the process.



Dec 25, 2019
975
How to secure your rights while lending money to a friend
2
Q: What is the procedure to validate a promissory note in Dubai for a person from India currently working in Dubai?
Actually, I am lending an amount to my friend for a period of one year without any interest. He's also an Indian, working in Dubai.
So I would like to know about legalising the agreement between us.

May 21, 2020
848
Requirement of a special agreement in case of lending money to a friend
0
Q: Hi,
I have lent money over a period of time to a friend (without any interest).
I do have a simple payment agreement duly signed by my friend that sets out the amount to be repaid on a monthly basis.
I would like to know if there is a template for such an agreement that safeguards my interests in case of default and that is valid under the UAE legal system.
Would appreciate your advice and guidance.

Jun 16, 2020
320
The implications of missing the date specified on a promissory note
0
Q: Hi,
Do you have the latest update on the promissory note as per UAE law?
I searched in Google and found the latest update as of 2017. What are the latest changes and charges related to the promissory note?
What are the implications if the client does not abide by the date specified on the promissory note?

Jun 16, 2020
933
Is it possible to recover an old debt given to work colleague?
2
Q: Hi,
I along with my colleague has given an interest-free loan to our other colleague (more than 50000 AED) in many instalments between Mar to June 2016.
Recently, we have received an email from him that he owes us this amount and has also agreed to repay it in 3 instalments.
The last instalment was supposed to be on 1st December 2020. But till date, he has not paid us single AED. He always says that he will pay but always end up giving us some weird excuses.
He has a good salary (around 70K AED per month). We have a legally translated (from Notary), the email exchange between us, in Arabic. I can give more details and the exact amount to be recovered.
I am looking for a lawyer who can get my principal amount only. I would like to offer you to please claim the principal amount + Interest for 4 years + legal charges + mental harassment charges (if possible) and you can keep everything apart from the principal amount. Is this possible?

Dec 19, 2020
294
How to recover money amount lent to a person without written proof
0
Q: Can I file a claim against an individual to get my money back?
I do not have any proof against the person except WhatsApp communication. Should I claim with police or with a court?
Is there any imprisonment if the judgement is passed to repay in case he is not able to pay?
Please advise.
Thank you

Feb 6, 2021
307
Laws & Regulations
3 available 3 • View allFederal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
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.
Dec 15, 1985
148357
Federal Law No. (11) of 1992 Concerning Issuance of the Civil Procedures Code 42
The law promulgates UAE Civil Procedures Code (Civil Procedure Law) which governs civil procedures in the United Arab Emirates, including the prosecution before the courts, litigation and execution.
Feb 24, 1992
75288
Federal Law No. (10) of 1992 On Evidence in Civil and Commercial Transactions 14
The provisions of this law On Evidence in Civil and Commercial Transactions (Law of Evidence) govern evidence in civil and commercial disputes in the UAE.
Jan 15, 1992
19089

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