Dubai Chambers informs companies of debt collection mechanisms and bounced checks

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 today 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 discussed proactive measures to ensure prompt handling of overdue debts, including effective contracts, credit checks, and billing practices to reduce the risk of default while maintaining positive relationships with customers.
The second workshop, which was also organized virtually, in cooperation with Hadaf & Partners Law Firm, discussed the legislation regulating bounced checks in the UAE.
The workshop participants learned about the legal framework regulating bounced checks and the practical steps for managing such cases. Effective strategies for resolving disputes and legal developments related to bounced checks were also reviewed.
Organizing business workshops comes within the framework of Dubai Chambers’ commitment to enhancing the thriving business environment in the emirate, as it is keen to provide expertise and effective tools to keep pace with legislative and legal developments, which contributes to stimulating the growth of companies, enhancing their competitiveness and encouraging them to adopt best practices.