Unpaid invoices can present significant challenges for businesses in the UAE’s vibrant and diverse economy. Effective debt recovery is essential for maintaining financial stability and operational continuity. This comprehensive guide explores the essential strategies and legal mechanisms for recovering outstanding debts. It covers the process from initial communications with debtors to potential legal actions, helping...
What is debt recovery? Debt recovery is the process of collecting unpaid debts from individuals or businesses. It involves legal actions and negotiations to ensure that creditors receive the amounts owed to them by the debtors. What is the first step in recovering a debt? The first step is to send a formal legal demand...
In the UAE, the legal basis for suspension and termination of construction contracts primarily comes from the Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates (Civil Code). Under Article 892 of the Civil Code, a Muqawala (construction) contract can be terminated upon the completion of work, by...
Delays are not uncommon in construction projects, often causing disruptions and contractual complexities. These delays can arise due to various reasons, ranging from adverse weather conditions to unforeseen site conditions or disputes over designs. To navigate these complexities, contractors and developers frequently rely on extension of time (EOT) claims as a crucial mechanism to manage...
Construction projects in the United Arab Emirates (UAE) contribute significantly to economic growth and development, drawing both domestic and foreign investment. However, with the complexity and scale of these projects comes the potential for disputes to arise, often involving multiple parties, complex contracts, and differing interpretations of laws and regulations. Resolving construction disputes in UAE...
A ready reference about family courts, marriage, divorce, inheritance, and the rights of women and children in the UAE. The UAE is a country with a unique legal system that combines both civil and Islamic laws. The UAE has a well-developed and comprehensive legal framework governing family matters. The family law of the UAE covers...
