Share on LinkedInShare on LinkedIn

ARTICLE · 15 APRIL 2021

8 Things To Remember About Bounce Cheque In UAE

Dr Hassan Elhais
Dr Hassan Elhais
Contributor
Dr Hassan Elhais

Dr Hassan Elhais

Dr. Hassan Elhais, along with the team of legal consultants and prominent local lawyers across the...

View firm profile
Explore more from Dr Hassan Elhais

Bouncing of Cheques is witnessed as the incessant complication confronted by the people of UAE. The criminal act is defined under the provisions of criminal law and it can result into penalties...

United Arab EmiratesCriminal Law

Bouncing of Cheques is witnessed as the incessant complication confronted by the people of UAE. The criminal act is defined under the provisions of criminal law and it can result into penalties and punishments which can prove to be really stringent and intimidating as confirmed by Criminal Lawyers of Dubai. Entities and foreign exchanges, loan from banks, lease deeds, sales and purchases or transactions by the individuals are not the only areas where one could face such type of issue.

The paramount reason for bouncing of Cheques is the sheer inability on the part of the debtor to repay the amount lent to him by the creditor on the due date. This type of offense not only invites the criminal proceedings but also the civil proceedings. It is regulated under UAE federal law (3) of 1987. As a result, it is not only important for the citizens of UAE to take necessary precautions but anyone undergoing commercial affairs in the UAE should make sure that all the requisites of

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from