BANKING & FINANCIAL LAW
Legal services in the United Arab Emirates are among the most crucial services needed by many individuals and businesses in various fields, including banking and financial services. Therefore, the presence of a banking lawyer in the UAE is essential and requires special attention to ensure the necessary legal protection for both customers and banks.
Banks are the most important economic institutions in the UAE, given their vital role in supporting and promoting economic growth, as well as in the overall provision of banking services to individuals, to institutions and businesses.
Banking law in Dubai is the main legal framework that governs financial operations in the region, with the UAE Central Bank as the main regulator. At AL ITEZAN ADVOCATES & LEGAL CONSULTANTS, our expert lawyers offer a full range of legal services in the banking and financial sector, covering various aspects of banking law in Dubai.
Important Points of Banking Law in Dubai
Legal Framework: Banking law in Dubai is defined by the legal framework that regulates financial transactions. The Central Bank of the United Arab Emirates plays an essential role as a regulatory authority.
Legal Entities: In addition to the UAE Central Bank, other legal entities govern the banking system in Dubai, including commercial law and the Islamic Banking Code.
Legal Services for the Banking and Financial Sector: Our team of lawyers is specialized in the processing of banking and financial affairs, offering legal services such as loan financing, project financing, debt collection and insolvency issues.
Bank relations: We work with several banks in the United Arab Emirates and act as legal agents to represent them before civil or commercial courts. We assist them in debt collection, unpaid cheques and represent them in criminal disputes, whether initiated by banks or against them.
Our Banking Services in Dubai
Loan Financing: We provide legal advice and services in the area of loan financing.
Project Finance: Our team offers project finance expertise, providing legal advice to facilitate these complex transactions.
Debt Collection: We handle debt collection issues, representing banks in court to ensure the effective recovery of amounts due.
Criminal Litigation: We intervene in criminal litigation related to banking, representing the interests of banks before the courts.
Basic legal legislation in the UAE financial sector
Federal Central Bank Act: This Act regulates the operations of the Central Bank in the United Arab Emirates, specifying its powers and authorities, and establishing regulations and guidelines for the operation of banks licensed in the United Arab Emirates.
Federal Financial Institutions Act: This Act aims to regulate and manage financial enterprises and financial institutions in the United Arab Emirates, including banks and other financial enterprises such as finance companies, insurance companies and investment companies.
Anti-money Laundering and Terrorist Financing Act: This law regulates and specifies the procedures and regulations necessary to combat money laundering and terrorist financing. It includes banks and other financial institutions, requiring them to put in place strict measures to prevent suspicious transactions.
Consumer Protection Act: This law highlights the need for strong legislation and regulations to protect consumer rights in the UAE, including the rights of customers dealing with banks and financial institutions. Banks and financial institutions are required to provide high quality services, to deal honestly and fairly with customers, and to provide complete and transparent information about their financial services and products.
Banking and Financial Services Regulation Act: This law aims to regulate the operations of banks and other financial institutions in the United Arab Emirates and establishes the necessary regulations to ensure the provision of safe financial services, transparent and effective to clients.
Federal Insolvency Law: This law regulates the insolvency process in the United Arab Emirates and specifies the necessary procedures for the settlement of debts and the protection of the rights of creditors and debtors.
Get your advice from a lawyer specializing in banking and financial matters in the United Arab Emirates, experienced lawyers in the banking sector at Al Itizan Lawyers & Legal Consultants.
At AL ITEZAN ADVOCATES & LEGAL CONSULTANTS, we are committed to providing leading legal services in the field of banking law in Dubai. Trust our expertise to guide you through the complex legal aspects of the banking and financial sector in the UAE.