How To Resolve Bounce Cheque Dispute In The UAE? Dishonour of a cheque is a criminal offence in the United Arab Emirates and can potentially invite penalties in terms of fine and even imprisonment.
Cheque fraud can be described as ‘depositing of a fake or manipulated cheque’. This can be done through various methods such as i) submitting fake cheques ; ii) submitting manipulated cheques that have some of its details changed, such as the amount, date or the beneficiary details etc.; iii) manipulating a cheque by use of ‘magic ink’ , which disappears after some time allowing a fraudster to fill in certain details; iv) writing a cheque when one does not have sufficient balance to honour the cheque. Cheque bounce in UAE: Dishonoring cheques invites both criminal and civil action. Sexual Harassment Punishments In The UAE: What You Need To Know? Sexual harassment may be perpetrated in different forms; it could be verbal harassment; it could be in the form of unwanted attention and also in a physical form.
Instances of verbal sexual harassment include making lewd comments, making sexual jokes or offensive comments about a person’s body etc. Making lewd gestures or eve-teasing are other forms of non-verbal sexual harassment. Similarly, sending someone offensive sexual jokes or obscene text, pictures or videos are actionable instances pursuant to the UAE law. Enforcing Foreign Judgments & Arbitral Awards Under Construction Contracts. Priveleges Of Internal Investigations In The UAE. Senior administration, HR team, and consistence faculty of all enterprises and in a wide industries are approached against consistently with proof or charges of potential bad behavior at their organizations.
These situations may extend from warning from the government for examination concerning claims of infringement of any government law by the partners or senior executives to a routine internal complaints of infringement of the worker policy or any other policies or rules established by the organization. In many examples, the organization would be best served by directing some sort of inward examination concerning the charges. Be that as it may, choosing whether and how to direct an internal examination requires thought of an assortment of elements. Such factors regularly incorporate the nature of the organization, the particular lead or subject matter at issue, the material law, and, where suitable, the administration’s authorization needs. Enforcing Foreign Judgments & Arbitral Awards Under Construction Contracts. False Charges Of Embezzlement – Defend Yourself. Embezzlement is a fraud in which one or more persons betray financial trust in connection with one or more transactions.
It is an entrepreneurial necessity to entrust financial responsibilities to an employee or partner by trusting their honesty. Very often, however, this trust is betrayed and money is misappropriated. The term embezzlement refers to “a form of economic crime in which a person or a company embezzles the assets entrusted to them. In this type of fraud, the embezzler legally obtains the assets and has the right to possess them, but the assets are then used for unintended purposes or, in other words, embezzled. ” Filing Bankruptcy In UAE Is Easier Than Ever. The power to issue strong bankruptcy laws is intricately associated with the economy, commerce and prevents a significant number of frauds where parties avoid the payments of creditors by filing for bankruptcy as primary objective behind issuance of the bankruptcy laws is to safeguard the interests of creditors.
Commercial Lawyers of Dubai have taken multiple opportunities to discuss insolvency, bankruptcy or liquidation processes through our insights, however, this reading will let you discern the bankruptcy laws in UAE from a complete different angle to assist the debtors in difficult times of coronavirus and falling economy. Generally, the Bankruptcy Law soothes out and modernizes UAE insolvency law. In addition, the Law emphasize on early restructuring of potentially insolvent companies. Central Bank’s New Regulations For Governing Acquisitions in the UAE. Acquisitions of gigantic groups of companies in UAE are receiving a lot of attention lately, wherein banks plays a significant role in assisting the companies undergoing acquisition.
Therefore, in order to securely regulate the tasks performed by the banks in big acquisitions, the Central Bank of UAE has issued a new circular that Circular number 2 of the year 2020 for implementing the major Acquisition Regulations. The motivation behind the Regulations is to manage and oversee significant acquisitions being attempted by banks in the UAE with the end goal of guaranteeing the sufficiency of UAE banks and adding to money related security and protection to the commercial market. What Can I Do About The Online Harassment And Defamation By The Person Who Lives In Dubai? The UAE has taken into account the high risk posed by social media and other online platforms in defamatory matters and its wider impact on the public.
There are strict laws in effect for defamation cases involving social media elements and online acts such as trolling or cyberbullying. This is especially so because social media and other online platforms pose a very high risk in defamatory matters because the underlying technology allows for the same to be quickly disseminated and shared amongst a multitude of people. The UAE laws very particularly deal with defamatory action via an online medium to be same as if the defamation was committed through the printed medium of newspapers, magazines etc. What Does Financial Action Task Force’s (FATF) Report On UAE Say? On an international perspective, Financial Action Task Force (FATF) is considered as n ombudsman to regulate the Money Laundering activities in the all countries and lays down rules and regulations to be adhered by companies around the world.
Recently FATF has issued a mutual evaluation report on UAE laws for anti-money laundering and its implementation. Ergo, Corporate Lawyers of Dubai sense the need to discuss it and enlighten the readers concerning the same. The report confirms that UAE has made significant improvement in its Anti-Money Laundering laws to prevent such activities. Primarily the report mentions that as far as the technicality is concerned, the lawful structure has been fundamentally improved and there is currently an extensive framework set up in various territories.
Be that as it may, having the correct laws is just a single piece of what is required. UAE Law Governing Pensions For Employees. The law overseeing pensions and other benefits is perplexing and constantly developing.
The activities of employers, trustees, plan executives and their specialist co-ops are dependent upon administrative review and legal difficulties – and the requirement for advanced, pragmatic pension schemes and advantages advice has never been more prominent. GCC (Gulf Co-operation Council) countries have executed state pension plans to support their utilized residents. Nevertheless, Commercial lawyers of Dubai confirms that even though you are entitled to register under the pension scheme, you may not be eligible to receive benefits under the plan and the said article will provide complete information as to how pension scheme works in UAE and who all are entitled to register under the plan.
What are the Key Concepts of UAE Construction Laws? Multiple Cheques With Multiple Problems. Historically, the economy of UAE has heavily relied on the cheques as a way of commercial transaction.
Although, we have witnessed significant amendments in the laws and regulations governing cheques within UAE, they are still taken as guarantee or security as repayment of loan. The number of cheques exchanged in the country comes along with number of problems as well. Overview Of Resolving Aviation Disputes In UAE. Countries all over the world have issued at national as well as international level laws and regulations governing aviation industry. These guidelines have considerably helped developing a lawful structure for the aeronautics business. The aviation sector, by its very presence, tremendously affects the worldwide economy. As an incorporation of monetary interests and global glory, aeronautics triggers an enormous number of disputes and contradictions. Top Aviation Lawyers of Dubai have witnessed considerable number of aviation disputes and wish to elaborate the process of resolving aviation disputes in UAE.
Aviation sector in all its activities is inclusive of aircraft industry and manufacturing industry. Recent Restructuring Developments In The UAE. In the past few years UAE has run along a continuous economic slackening and with the pandemic situation coming into view, the UAE, especially Dubai’s economy has turned out to be much depressed due to the constraint on the global oil prices as it is a major source of revenue for UAE. Despite all these adverse positions, a deviation can be seen from the agreement by the creditors, i.e. especially banks, to restructuring of debts in favor of a legal action irrespective of the uncertainty attached with the bankruptcy law, that is Federal Law No. 9 of 2016.
A cogent development can be experienced as an act of the creditors probing to take up bankruptcy proceedings against either borrowers or commercial debtors belonging to the UAE. A trend can be foreseen where a lot of proceedings will be carried out under the bankruptcy law, due to a breakdown of the economy, owing to this pandemic. Proceedings outside the crisis. 5 Things To Remember About New Crypto Asset Regulation In UAE. As a progression towards a digital UAE, the government has recently released a draft law for regulating and allowing dealing in cryptocurrency within the country.
The most-awaited law for commercial markets has now finally been released initially as a draft and later to be officially published. The issuing and offering of Crypto Assets Law (Crypto-Assets Law) has been designed to govern the issuances, licensing, promotion, business conducts and other economic activities related to crypto-assets. Does Your Arbitration Agreement Bind You To Arbitrate? We regularly find that agreements are progressively setting out elective approaches to moving toward alternative dispute resolution. Such arbitration agreements or clauses in any contract refers to parties’ ability to enter into arbitration in event there is a dispute and it also refers to the prerequisites to be followed by the parties prior to entering into any arbitration.
Nevertheless, Arbitration Lawyers of Dubai believes that there can be certain times where arbitration agreements or clauses are not drafted appropriately thereby challenging the very right of parties to arbitrate even if there is an arbitration agreement. Now and then, it is possible for a party, who probably won’t wish to come along with the dispute resolution in the way received by the claiming party, to exploit either weak drafting of the arbitration clause or the inability to follow the necessities of the agreement, with an intention to frustrate the idea of dispute resolution approached by the claiming party.
Hire A Best Lawyer From The Top Law Firms In Dubai, UAE. Hire The Best Arbitration Lawyer In Dubai. Arbitration is the simplest policy used to resolve disputes amicably worldwide. Al Rowaad Advocates & Legal Consultancy is composed of qualified attorneys whose mission is to deal with arbitration procedures and proceedings inside and outside the U.A.E. Our team handles many cases at the Dubai International Arbitration Centre (DIAC), dealing with property, civil, and commercial disputes. Our goal is to help our clients avoid disputes. But when they do have a conflicting situation, our local lawyers work towards limiting the impact and ensuring a speedy resolution.
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