Dubai Chambers raise awareness of legal responsibilities over issuing bounced cheques in the UAE
bounced cheque
Latest in bounced cheque
bounced cheque
How UAE’s decriminalisation of most bounced cheques will increase business confidence
In August, 11 percent of total funds cleared by banks were through cheques, signalling a strong reliance on this form of financial exchange
Abdullah bin Touq Al Marri
UAE set to decriminalise most bounced cheque cases from January
UAE Central Bank says law amendments will narrow criminalisation to serious fraud and ‘bad faith’ cases
bounced cheque
Dubai police to investigate $4m rice export scam
6,000 tons of rice from India, destined for Dubai, went missing
Abraaj
Video: White collar crimes in the UAE
With the Abraaj case grabbing headlines across the globe, on this week’s episode of AB Live, Hadiel Hussien, Associate at BSA speaks about white-collar crimes in the region – from controversial cases of corruption and embezzlement, to cyber-crimes and clarity on the issue of bounced cheque.
bounced cheque
Bounced cheques can result in civil court cases, UAE authorities say
If the civil court rules in favour of the plaintiff, a 12 percent interest rate is added to the value of the bounced cheque
Abraaj
International arrest order against Abraaj founder ‘not possible’
Dr Habib Al Mulla, who is representing Arif Naqvi in a $217m bounced cheque case, disputes claims his client could be subject to international arrest warrant
Abraaj
Exclusive: Abraaj founder faces second bounced cheque case over $217m payment
News comes less than two weeks after founder Arif Naqvi reached an out of court settlement with Hamid Jafar over a $300m bounced cheque case
Abraaj
Court dismisses bounced cheque case against Abraaj founder Arif Naqvi
The claimant, Crescent Group founder Hamid Jafar, agreed to the out-of-court settlement last week, according to sources
