The media has got hyped up in the past few days with news that the UAE government has issued an order to the effect that issuing bounced cheques was no longer a criminal offence. No one cared to check, however, how such an “order” would change the prevailing law of the country in light that issuing a bounced cheque is deemed a punishable criminal act in accordance with the UAE Penal Code.
It is true that an order was issued stating that bounced cheques that are issued as loan collateral will no longer constitute a criminal action and that the Police Force will not entertain claims relating to such cheques. The UAE Courts will equally end proceedings relating to such cheques as a result of this order.
Bad cheques are still a crime in the UAE | GulfNews.com
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