Wageh Amin Abdelaziz

Wageh Amin Abdelaziz, senior legal adviser at World Center Advocates and Legal Consultants, told Gulf News that the new changes will boost the trust between people in commercial transactions using cheques. “Article 643 of the law provides for a strong and new punishment as the court will have the power to order the withdrawal of the chequebook from the convicted defendant and prevent him from obtaining chequebooks for up to five years,” said Abdelaziz. “A convicted defendant, who doesn’t surrender his existing chequebooks to respective banks within 15 days of him being notified to do so, shall be sentenced to a penalty of no less than Dh50,000 and no more than Dh100,000.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here