Dubai Chambers organized two workshops with the aim of enhancing the awareness of the business community and companies about effective mechanisms for managing debt collection and ways to deal with returned checks, in the presence of 166 participants from private sector representatives.
The chambers stated in a statement yesterday that the first workshop, which was held virtually in cooperation with the Hamdan Al Shamsi Law Firm and Legal Consultations, reviewed the best practices and most prominent legal strategies for debt collection, and also addressed the topics of legal notifications and correspondence, payment orders, implementing precautionary measures, and the role of agreements in mitigating debts. Of debt recovery disputes.
The workshop also examined proactive measures to ensure prompt handling of delinquent debts, including effective contracts, credit checks, and billing practices to reduce the risk of default, while maintaining positive relationships with dealers.
The second workshop, which was also organized virtually, in cooperation with Hadaf & Partners Law Firm, discussed the legislation regulating bounced checks in the UAE.
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