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The Legalities of Bank Transfers Under UAE Law
Imagine that X transfers some money to Y online. After a couple of months, X approaches Y and asks him to repay the debt. However Y refuses, alleging that the money had been a gift and he was under no obligation to repay it. Neither X or Y are able to provide any evidence proving that his understanding of the transfer is correct one – therefore how do the courts decide whether Y must repay the money or not ?