UAE Law: Avoiding a Debt Sentence from Illustrado
Snapshots of the Vital Points of UAE Law Every Pinoy Expat Should Know
Every month, our in-house lawyer, Atty. Barney Almazar will explain
legal concepts affecting the lives of Filipino expatriates across the
emirates. This New Year, he explains how to avoid being in a downward
credit card spiral which could get you to court or worse, put you behind
the bars.
No Debt Sentence this 2014
By Barney Almazar, Esq.
So you’ve done your holiday shopping, hit the malls for that iPhone
5s or designer purse, but before you think about taking out that credit
card and swiping it for another purchase this year, read Article 401 of
the UAE Penal code first:
“A punishment of confinement of one month to three years, or a fine
of a minimum of AED1,000 shall be inflicted on any person who, in bad
faith draws a cheque with no existing or drawable provision.”
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