Skip to content

Connecting business. Building understanding. Advancing peace.

Daily BriefVerify a certificateDue Diligence
Become a Member

Federal Supreme Court

Policy & Legal Updates
Source: Emirates 24|7

UAE Supreme Court Overturns AED 4.4 Million Bank Judgment Over Compound Interest

The UAE Federal Supreme Court overturned an appellate ruling ordering a borrower and a guarantor to jointly pay approximately AED 4.4 million to a bank. The apex court reiterated statutory bans prohibiting licensed financial institutions from charging compound interest on credit facilities. The case was remitted to the lower court for reconsideration after judges failed to evaluate defence arguments regarding debt calculation and breach notification.

Policy & Legal Updates
Source: Gulf News

UAE Federal Supreme Court Rules Consumers May Film Violations to Report Them

The UAE Federal Supreme Court has ruled that documenting suspected violations and submitting footage to regulatory authorities is not a criminal offence if done in good faith. The judgment overturned an appeal court ruling that had fined a Sharjah consumer Dh3,000 for filming insects in a supermarket product. The court clarified that prosecutors must prove malicious intent to harm or defame before recording can be classified as a crime.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy