- Legal Articles
- Ask Elhais
April 14, 2021|
Bouncing of Cheques is witnessed as the incessant complication confronted by the people of UAE. The criminal act is defined under the provisions of criminal law and it can result into penalties and punishments which can prove to be really stringent and intimidating as confirmed by Criminal Lawyers of Dubai. Entities and foreign exchanges, loan from banks, lease deeds, sales and purchases or transactions by the individuals are not the only areas where one could face such type of issue.
The paramount reason for bouncing of Cheques is the sheer inability on the part of the debtor to repay the amount lent to him by the creditor on the due date. This type of offense not only invites the criminal proceedings but also the civil proceedings. It is regulated under UAE federal law (3) of 1987. As a result, it is not only important for the citizens of UAE to take necessary precautions but anyone undergoing commercial affairs in the UAE should make sure that all the requisites of dealing with a cheque are thoroughly followed. The article thus, explains the effects one can face in a situation of Bouncing of Cheques.
Sufficiency of Funds
Bona Fide intentions are one of the characteristic which the court looks upon firstly, on getting a case. Thereby, it is imperative for the drawer of the cheque to maintain adequate amount of funds for avoiding the situation. The article 599 of the law provides that the drawer shall putt a sufficient amount of funds in his bank account with respect to the clearance of the full amount as indicated in the cheque. If the drawer fails to pay the debt due on him, a right is entitled upon the payee to ask the drawee, i.e the bank to provide him with the bank statement of the drawer, based on which he/she can take further action.
Offense of Bounced Cheque : Explained A cheque is said to be bounced when, the drawee bank spurns to present the cheque on the date of issue, due to the following reasons:
Copyright © of this article is retained by the author and/or other copyright owners. We explicitly grant you permission to download a copy, without any alteration, of this article for personal non-commercial research or study, without prior permission or any charge. This article can be utilized on your website or for marketing, however, we grant you permission to host this article on your website and no other rights. This content should not be altered in any way or sold commercially in any format without prior permission of the copyright holder. During reference of this article, full biographic details entailing the name of the author, his designation, the institute and the publishing date of the article shall be provided.
I owe the success of my case to Dr. Hassan's diligent approach. He remained focused, put me at ease and always went the extra mile. Dr. Hassan tirelessly put my case in the best possible light and I cannot thank him enough. I would highly recommend Dr. Hassan - I am grateful to him from the bottom of my heart.
Dr. Hassan Elhais is among the best legal consultants I have ever worked with. He has an amazing ability to reduce complex issues into a simple concept that non-legal people can understand. He consistently develops innovative litigation strategies that help us to achieve our ultimate legal goals.
...the extraordinary effort that has been exerted by the staff, and we specially thank Dr. Hassan Mohsen Alhais. Wishing your continues success & excellence...
I believe everyone should recognize what a difference Dr. Hassan Elhais work has made to people's lives; and especially to our family's life, because we will remain forever grateful to each and every one of his team.
Dr. Hassan Elhais never fears cases that involve exposure and he always gives me his honest assessment of our chances of success, which is invaluable to me.
He aided us not only in providing legal advice but also in all legal issues that required a long term strategic approach to achieve most favorable and optimum outcomes he provided us with high level of professional service.
Dr. Hassan Elhais is a responsible, reputable counsel who operates to high levels of service.
Dr Hassan Elhais is responsive, thorough and creative with his advice, and is a valued advisor and legal consultant.
Regardless of the complexity of the matter I know Dr. Hassan Elhais will consider not only legal strategy but also business practicalities in providing advice and litigation options.
I recommend Dr. Hassan Elhais to anyone who says 'I'm in legal trouble'. I was extremely satisfied with the high standard of his work. He has always been there when I have needed him and I refer all my clients, family and friends to him/his firm.
Dr. Hassan Elhais was very professional and he listened to my needs. He was very prompt, efficient and always kept me informed. Dr. Hassan Elhais's service was excellent and I would definitely recommend him to friends and colleagues.
Your email address will not be published. Required fields are marked *