Unsettled debts make a return to UAE complicated



I worked in Dubai in 2015. After six months I lost my job and came back to India. However, I could not pay off my credit card debt and I did not close my post-paid Sim card for my mobile phone. If I get a job again in Dubai, can I come and just continue my payments? RM, India

As no payments were made on a debt for a period well in excess of three months and there has been no communication at all with the bank, there is a good chance that a police case has been registered against RM. This means that he is likely to be arrested immediately upon entry to the UAE and would be detained until the debt is repaid. He defaulted and broke the agreement made with the bank. Whether the phone company has also raised a case will depend on the amount owed. RM should get in touch with the credit card provider immediately to find out the position and to see if they can come to an agreement in respect of repayment. They should also be able to confirm whether they have registered a police case. After all this time the amount owed will have increased because of added interest and as there has been no communication, the bank is likely to want repayment in full to withdraw any police case.

Keren Bobker is an independent financial adviser and senior partner with Holborn Assets in Dubai, with over 20 years’ experience. Contact her at keren@holbornassets.com. Follow her on Twitter at @FinancialUAE.

The advice provided in our columns does not constitute legal advice and is provided for information only.

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Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

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ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur  Sheikh Zayed

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