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UAE

What to do to convince the bank of a settlement offer

Q: Hi, I`ve been out of work since September 2019 due to company restructuring, though I work there for more than 13 years. As of now, I still have a debt of 170k (150k as principal) with Bank M and 19k (8k principal) credit card debt with Bank F. I already contacted Bank M that I`m willing to settle the loan but if they could bring down the amount to 70k as I only have 40k on hand while I haven`t talked to Bank F yet. Is there any way that we could bring down the amount? I still don`t have any work until now and I`m just on wife support. Thank you and Best Regards.
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Vexatious litigant

A person who brings a legal action regardless of its merits, solely to harass or subdue an opponent. It may take the form of a single case or repetitive filing of cases. Filing vexatious litigation is considered to be an abuse of the judicial process and may result in sanctions against the offender.
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UAE

Enforcement of a foreign judgment order in the UAE to claim financial rights

Q: In 2016, a Ras Al Khaimah registered company with an office in Dubai, along with one of its shareholders/directors, filed a lawsuit against me in a Canadian court. In 2018, they lost the lawsuit and the Canadian Court ordered them to pay me approximately Canadian Dollars $150,000 (~AED 450,000). They are not paying this amount. I would now like to file a claim against this company and individual in a Dubai court to have the Dubai court issue an order for the company/individual to pay me. I have the Judgement Order from the Canadian court fully legalized and translated. As such, please advise what the cost for such a claim would be - including court fees and legal fees? Also, what will the process be?
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Escrow account

An arrangement with a bank in which money is deposited with the bank by one party and paid to another party if the condition of the arrangement is met, or if the condition is not met, the money is returned to the person who originally deposited the money with the bank.
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Waiver clause

A clause in a contract that expressly states under which conditions the rights in the contract can be relinguished.
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Reasonable force

Sometimes known as legal force, is the amount of force necessary to protect or defend a person or their property from another person. The term usually denotes defending against a violent attack, theft or other unlawful aggression. It may be used as a defence in a criminal trial or as a defence in a claim alleging tortious conduct. The use of excessive force, or more force than reasonably necessary for such protection, may result in the defence being forfeited.
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Jaywalking

The offence of crossing the street/road without paying attention to oncoming traffic and/or crossing where the regulations do not permit doing so.
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Demurrage

The sum which is fixed by a contract of carriage, or which is allowed, as remuneration to the owner of a ship (or other freight vehicle), for the detention of his vessel beyond the number of days allowed by the contract (or charter-party) for loading or unloading or for sailing the ship. It is also the period in which a chartered ship remains in the charterer’s possession beyond the agreed transportation time.
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Prenuptial agreement

A formal agreement between two people who are about to marry, setting out the terms of ownership of assets, treatment of future earnings, control of property, and potential division if the marriage is subsequently dissolved. These agreements are fairly common if either party has substantial assets, children from a prior marriage, potential inheritances or high incomes. They are not recognised in every legal jurisdiction, most notably the United Kingdom.
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Advocacy

Is the act of pleading or arguing a case or position, usually by way of an advocate who is a person appointed/authorised to speak on behalf of a person in a legal process.
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حل شركة

إنهاء العمليات التجارية الجارية للشركة وتصفية حساباتها سواء بهدف سداد الديون أو لهدف آخر.
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سابقة قضائية

مبدأ قانوني تم إقراره سابقًا من قبل محكمة عليا.
Questions & Answers
UAE

Is it necessary to hire a local advocate for a labor dispute?

Q: My claim is above 150k for unpaid salary and EOSB. Do I need to hire a local advocate? Or it is not necessary for a labour dispute?
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Litigation friend

Someone who represents a child, patient, person with a mental disability, or other person who is unable to represent themselves in court. The litigation friend need not be legally qualified and usually is not.
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Clean break

A term used to refer to one of several types of orders, agreements and remedies that may be available when a divorcing couple wish to end their financial dependence on each other. This would usually result in the award of a single capital sum and dispense with the need to make regular periodic payments.
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Fair wear and tear

Acceptable damage or signs of use caused by the normal use of something, such as a carpet, machine or paintwork.