Best Creditor Lawyers in Dubai

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Al Kabban & Associates Advocates and Legal Consultants

Al Kabban & Associates Advocates and Legal Consultants

Dubai, United Arab Emirates

Founded in 1993
50 people in their team
About UsAl Kabban & Associates was founded in 1993 with a strong vision of providing exceptional legal representation in the UAE. With over 28...
Arabic
English
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ALGaber Legal Consultancy

ALGaber Legal Consultancy

Dubai, United Arab Emirates

Founded in 2021
5 people in their team
Welcome to AlGaber Legal Consultancy, your trusted partner in legal services. Our team of experienced lawyers and legal advisors are committed to...
English
Arabic
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Souzan Elkayaji Legal Consultancy F.Z.E

Souzan Elkayaji Legal Consultancy F.Z.E

Dubai, United Arab Emirates

Free Consultation: 30 mins


Founded in 2010
16 people in their team
Souzan Elkayaji Legal Consultancy: Your Trusted Partner in Legal ExcellenceSouzan Elkayaji Legal Consultancy stands as a beacon of legal expertise...
Arabic
English
Malayalam
Tamil
Hindi
Kannada
Tagalog
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Afridi & Angell

Afridi & Angell

Dubai, United Arab Emirates

Founded in 1975
200 people in their team
Over its 45-year history, Afridi & Angell brought an innovative approach to the legal industry by delivering services grounded in a passion for...
Arabic
English
Fatma Al Moosa Advocates and Legal Consultancy LLC

Fatma Al Moosa Advocates and Legal Consultancy LLC

Dubai, United Arab Emirates

Founded in 2006
50 people in their team
OverviewWe offer advice and legal services in all areas of law, including but not limited to, commercial, corporate, maritime, insurance, banking and...
Arabic
English
HHS Lawyers And Legal Consultants

HHS Lawyers And Legal Consultants

Dubai, United Arab Emirates

Founded in 2000
200 people in their team
OverviewHHS Lawyers provide high quality legal services including Litigation, Advisory, Legal drafting & consulting, Arbitration, and...
Arabic
English
Khairallah Advocates and Legal Consultants

Khairallah Advocates and Legal Consultants

Dubai, United Arab Emirates

Founded in 2008
10 people in their team
About Us – Khairallah Advocates and Legal Consultants – UAELearn more about us from here: Khairallah Advocates & Legal Consultants, a...
Arabic
English
Bsb Legal

Bsb Legal

Dubai, United Arab Emirates

Founded in 2015
12 people in their team
BSB Legal is known for its professionalism, reliability, and personalized service. Their brand name, BSB Legal, reflects their commitment to...
Al Bahar Associates Advocates & Legal Consultants

Al Bahar Associates Advocates & Legal Consultants

Dubai, United Arab Emirates

Founded in 1996
200 people in their team
Our StoryAl Bahar & Associates is a high quality UAE based boutique law firm operating via its offices in the Emirates of Dubai & Abu Dhabi....
Arabic
English
Al Reyami Advocates and Muhyealdeen International Legal Consultants

Al Reyami Advocates and Muhyealdeen International Legal Consultants

Dubai, United Arab Emirates

Founded in 2001
50 people in their team
Al Reyami Advocates and Muhyealdeen International Legal Consultants is a top law firm founded since 2001 having over 50 lawyers in Dubai, Abu Dhabi,...
Arabic
English

About Creditor Law in Dubai, United Arab Emirates

Creditor law in Dubai, part of the United Arab Emirates (UAE), plays a critical role in maintaining the economic balance between debtors and creditors. Creditor rights and responsibilities include loan repayment management, property possession rights, legal actions, and settlements. The UAE Bankruptcy Law, Commercial Transactions Law, and Civil Transactions Law are key legislations that regulate creditor rights and liabilities.

Why You May Need a Lawyer

There may be numerous scenarios where an individual or a business may require a lawyer specializing in creditor law in Dubai. These can include following up on overdue debts, understanding complexities of commercial transactions, handling bankruptcy or insolvency procedures, understanding your rights as a creditor in the event of your debtor's insolvency, and to make better-informed decisions in credit transactions.

Local Laws Overview

To ensure creditors' rights, a range of local laws comply. The UAE Federal Law No.9 of 2016 (the Bankruptcy Law) regulates corporate bankruptcy and enables ailing companies to restructure their debts. The Commercial Transactions Law governs unpaid debts, while the Civil Transactions Law stipulates the rights to reclaim goods sold on credit if unpaid for. Remember, the laws can be complex and their application may differ depending on the specific case; therefore, utilizing expert legal advice is often necessary.

Frequently Asked Questions

What happens if a debtor fails to repay debts?

As per the UAE Bankruptcy Law, the debtor has to file for bankruptcy. As a creditor, you may initiate legal action against the debtor to recover your investments.

What are my rights as a creditor during my debtor's insolvency process?

During debtor insolvency, creditors have the right to attend creditors' meetings, vote on restructuring plans, and recover their obligations by selling debtor's assets.

Can I recover goods sold on credit?

Yes, the UAE Civil Transactions Law permits creditors to reclaim goods sold on credit if payments are overdue.

Do I need a lawyer to recover my debts?

While it is not mandatory, it is often advisable to hire a lawyer in such cases due to the intricacies of the laws and processes involved.

Are there any legal thresholds for a debt to be recoverable?

This can depend on the specifics of the contract and transaction. Generally, however, there is no minimum threshold for debt recovery.

Additional Resources

The UAE Ministry of Finance and the local government's official portal are reliable resources for legal requirements. The UAE Central Bank also provides guidelines for credit & lending practices. Dubai Court also has an informative online portal.

Next Steps

If you need legal assistance, do consider consulting with a local law firm specializing in Creditor Law in Dubai. Remember to gather all relevant documents and details regarding your case before your consultation for effective advice.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.