UAE: The advantages of the new checks law.. Get to know them

the new checks law covered many aspects related to time and shortened a lot of time and went along with the development witnessed by the state.

The Ramadan Council, which was set up by Lawyer Issa Bin Haider, founder and CEO of Bin Haider Advocacy and Legal Consultation, in the presence of a number of lawyers and consultants, recommended that all dealers respect the check as an instrument of fulfillment and a means of guaranteeing rights.

He also recommended the banks not to facilitate the opening of current accounts for dealers so that they do not use the check as a fraudulent means to obtain illegal purposes, so-called “flying cheques.” They indicated that the new checks law shortened time and reduced the burdens on courts and police departments.

In his intervention, lawyer Issa bin Haider stressed that the new checks law covered many aspects related to time and shortened a lot of time and went along with the development witnessed by the state, In the past, the simple check case used to take a long course, starting with the police, the prosecution, the criminal court, and then the civil court, and there are cases where the defendant dies.

You do not find money with him or with the heirs. As for the new law, the situation has changed, so the procedure has become shortened. When presenting the check to the bank, the bank gives you what is available from the money inside the account, in addition to a certificate of the remainder of the value of the check that has not been cashed, and through the certificate the beneficiary can From the check, go directly to the execution judge.

Execution begins directly on the person's money, which is a period of time equivalent to one tenth of the time period in the previous law, The new law also gave merchants and business owners plenty of time to settle their situations with guarantees for the right holder.