‘Skips and debts’ - what the law means

7 Days in Dubai - - SPECIAL REPORT -

Al­low­ing firms to set­tle debts away from the crim­i­nal courts is ex­pected to re­duce the num­ber of busi­ness own­ers flee­ing the coun­try. Last month, 7DAYS told how em­bassy staff are deal­ing with hun­dreds of em­ploy­ees left stranded be­cause their bosses have fled, with­out pay­ing their wages or can­celling their visas, mean­ing they could not look for new jobs. And on the fi­nan­cial front, Ab­dul Aziz Al Ghu­rair, Chair­man of the UAE Banks Fed­er­a­tion, which had called for the new law, last year said ‘skips’ had led to debts of about Dhs5 bil­lion.

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