Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Banking Lawyers in Dubai – STA
Sourced through Scoop.it from: www.stalawfirm.com
READ THE FINE PRINT – CARE + FULLY!
So, this is going to get interesting! I was in a client meeting with our team of banking lawyers in Dubai! I was just taking notes but then I do understand things quickly too 🙂
So, let’s say your company applied for a loan of AED 20 Million a few years back for a term of ten (10) years. You decided to repay the debt in the seventh year! You sound happy! Wait for more. You approach the bank and give them the good news. The bank does not look happy. The bank writes back to you and says you can repay the loan but there will be a prepayment premium. What is that? Continue reading but….Read the fine print! CARE + FULLY!