Debt collection Dubai is considered to be the most difficult task. This is because it is time taking and requires a huge sum of money. Every other company in the UAE is facing issues with unpaid debt and invoices. Debt recovery, which is referred to as the collection of unpaid debts and payments from the debtor requires time and effort. Hence, lawyers are mandatory for recovering debt otherwise it will be a difficult task.
Useful strategies for recovering debt in Dubai
When you hire our associate lawyers for recovering your debt, we offer you two legal ways to deal with your issue
- Alternate Dispute Resolution
- Through Court Proceedings
Alternate Dispute Resolution (ADR)
Firstly, we offer our clients to resolve through an amicable settlement which is recommended by 80% Dubai debt recovery law firms. Settling outside the court will save your money and time in court hearings. This process is carried out through Alternate Dispute Resolution (ADR).
How to proceed through Alternate Dispute Resolution (ADR)
Mediation, negotiation, and arbitration are three useful ways of conducting ADR. This is an immediate procedure for our clients who do not want chaos in the proceeding of their case. Moreover, you do not need any juridical party and court for resolving your case. All you have to do is is to hire our Dubai debt recovery lawyer and conclude your case with mutual decision rapidly.
However, in certain cases, solution through ADR seems a difficult possibility. This commonly happens when the amount of debt is huge or when the debtor is not taking you seriously.
So, what to do in this situation? Our associate lawyers take your case to court and judges will give the decision. The verdict of the judges is considered as the final decision.
Through Court Proceedings
- The final decision is made through UAE jurisdiction which is accordingly the Civil Law system of Dubai debt recovery
- Proper evidence is required by creditors against the debtor for claiming in court
- The claims need to be in the official language of UAE, that is Arabic
- The decision can also be appealed later.
The court of Appeal handles the appeal of their clients. The judgment can be appealed only within 30 days. Further appeal can only be made on special cases which are only heard in the Court of Cassation within 60 days. If the clients failed to follow the time span, then initial judgments will be considered.
Our associate attorney usually prefers Alternate Dispute Resolution (ADR) as this is more convenient for our clients and provides solutions on mutually agreed terms. However, they can also take your case towards court on serious issues.
For further queries, regarding methodologies of proceeding case, contact our associate lawyers.