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What Do You Need To Know About Cheque Bounce Issues & Cases In UAE?

They will help you understand the different types of cheque bounce issues & cases in UAE and your case so that you will have a better understanding of the current situation.

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What Do You Need To Know About Cheque Bounce Issues & Cases In UAE?

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  1. What Do You Need To Know About Cheque Bounce Issues & Cases In UAE? Tasheel Legal Consultancy Emirates Islamic Bank Bldg,Al Qusais Metro Station,Al Nahda Road (Al Qusais 2),Near Al Twar Center & Ministry of Education Bldg,Dubai, United Arab Emirates M:+97165363791 E: info@tasheellegal.ae https://www.tasheellegal.com/

  2. The cheque bounce issues & cases in Dubai can be attributed to several reasons but primarily due to the debtor’s failure of paying the debt to the creditor on a specific date agreed thereon. Cheque cases are extremely serious in Dubai and other emirates in the UAE. A cheque which is returned or dishonoured can lead to the civil case, criminal case or both. The factors which lead to the cheque being dishonoured are: • Insufficient funds in the bank account on the date of issuance of the cheque. • An order to the issuer bank to refrain from making the payment. • Mismatching signatures or other technical errors. • Closure of the bank account before encashment of the cheque.

  3. How to get legal advice on cheque bounce issues & cases in UAE: We all know that a filled and signed cheque acts as an authority to the bank to disburse the money of the drawer. As a cheque issuer, you must be aware of all the cheque bounce issues & cases in UAE so that you will be careful while handling all the transactions with a cheque. You must also satisfy the conditions while using the cheque for any commercial or personal transactions. A bounced cheque is the situation when the payee presents the cheque to the bank but it is rejected by the drawer bank. A cheque is the payment instrument which used with liability during any transactions. Since there are many reasons for the bounce cheque the payment failure will happen. But during these times, the bank will provide the grace period to handle all the issues.

  4. Whether you are an issuer or a payee, you can get the legal advice on the cheque bounce issues & cases in Dubai. For this, all you need is to find the right consultancy where the experienced lawyers will help you in handling these issues. They will help you understand the different types of cheque bounce issues & cases in UAE and your case so that you will have a better understanding of the current situation. They will also help in with the future proceeding and ways to handle the issues. Thus, when you handle transactions with cheque make sure you avoid any cases or issues with it. Even if you encounter any issues, then get the legal advice from the lawyers.

  5. Thank You!!! Tasheel Legal Consultancy Emirates Islamic Bank Bldg,Al Qusais Metro Station,Al Nahda Road (Al Qusais 2),Near Al Twar Center & Ministry of Education Bldg,Dubai, United Arab Emirates M:+97165363791 E: info@tasheellegal.ae https://www.tasheellegal.com/

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