The Debtor, the Creditor, and the Law – STA Law Firm 

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Criminal Lawyers in Abu Dhabi – STA

Sourced through Scoop.it from: www.stalawfirm.com

The Debtor, the Creditor, and the Law

 

https://goo.gl/w4zTrU

 

So, while sitting with our team of criminal lawyers in Abu Dhabi office, I had a chance to learn something new! Exciting!

 

Speaking of Debtors and Creditors – Let me ask you something. Just because a person (say, Mr. ABC) issues a cheque of AED 5 million to Mr. JKL today. A year later ABC approaches JKL and claims the 5 million with interest but JKL refuses to pay and alleges that this was a gift! The main question I raise is … “Just because there’s an evidence citing transfer of payment from one person to another, does the recipient become indebted under Dubai or UAE Law to return the sum?” Answer? Continue reading

 

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