- Legal Articles
- Ask Elhais
August 26, 2020|
It is certainly an arduous exercise and shocking to ascertain the overall impact of coronavirus on the life of the individuals and the economy of the world. We have experienced and are continuously experiencing the restrictions imposed by the government on various sectors to prevent further spread of the virus and safeguard the society.
One of the primary restrictions imposed by the government of UAE was the suspension of court services, which is gradually coming back in service. Commercial Lawyers of Dubai are of the view that such restrictions imposed by the government are even though in favour of the society at large, yet pose a grave tension among the creditors claiming outstanding debt, in the situation of the market is slow.
It is expected and is witnessed that the default rates of debtors will increase due to restrictions imposed on conducting businesses and creditors will be left at limited options to collect the outstanding debt from the market. Ergo, it is the time to gather all information and strategize plans to recover debts with the help of Top Lawyers of Dubai.
In general, a debtor has several options in UAE to initiate actions for debt collection, for instance, serving a legal notice to the other party through the assistance of a Legal Consultant in Dubai. The legal notices are issued with an intent to resolve the dispute outside the court authorities' jurisdiction and is an amicable way of resolving the issue or claiming the debt owed by the other party.
In most circumstances, the parties are unwilling to approach the court considering the cost involved in legal cases and the timeline to reach a judgment. However, we have seen major amendments in the civil law as explained in our articles concerning amendments in Civil Procedure Law, wherein establishment of fast-track judicial authorities allows the parties to execute the orders without notice for payment orders. Such remedies can be well utilized in these difficult times to expedite the cases for outstanding debt.At this stage, we advise all our readers who are in a tough spot of claiming outstanding debt from their debtors, you can either immediately act upon it by highlighting the outstanding debt and offering an opportunity to the debtor to come forward and reach a negotiated amount, or you may wait until the current global crisis settles down. However, a laid back approach is only advised if you are aware of strong financial position of your debtor and you believe you will be able to recover your debt without the debtor filing for bankruptcy or insolvency.
In any of the event, the best approach is to conduct small due diligence on company's (debtor) financial position in the COVID-19 situation and accordingly must take suitable action of serving a legal notice or approaching the court to file a case. In cases, where you are uncertain if the company (the debtor) will survive this unfortunate turn of events, it is very much advised by the Lawyers of Dubai to immediately resort to legal assistance, before it's too late as the court are re-operational and are using virtual technology to register and attend hearings for which your Civil Lawyer can assist you with.
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 *