News & Analysis as of June 30, 2025

Breach of Contract

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Privy Council clarifies secured party’s duty when realising security

Walkers on 6/30/2025

The Privy Council has clarified that the duty of care to "obtain the best price reasonably obtainable" in the sale of secured collateral does not require a secured party to improve an asset before sale to obtain the best...more

What legal actions can the bank take if the customer defaults on a loan in the UAE?

Awatif Mohammad Shoqi Advocates & Legal... on 4/10/2025

Defaulting on a bank loan in the UAE is regulated by the Commercial Code (federal decree-law No. (50) of 2022) and the Civil Procedure Law (federal decree-law No. (42) of 2022). Further, the Central Bank of UAE issued Loan...more

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Default › Enforcement › Breach of Contract

Privy Council clarifies secured party’s duty when realising security

What legal actions can the bank take if the customer defaults on a loan in the UAE?

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