Tag: uae

Cheque bounce in the United Arab Emirates

The uncomfortable truth about cheque bounce in the UAE. Dishonouring a cheque is a criminal offence under the Criminal Code in the UAE. The most common reason for cheque bounce is usually “insufficient funds” in the account. The holder of an  account is legally obliged to maintain sufficient funds in his account at all times […]
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Sheikh Mohammed issues new Smart Dubai law

Sheikh Mohammed issues new Smart Dubai law His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Law No. (1) of 2020 on Smart Dubai. The new Law is applicable to the Smart Dubai Office established pursuant to Law No. (29) of 2015. According to […]
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