| 13.07.2010 - UAE banks to crack down on defaulting debtors |
| From Ameinfo.com: According to new regulations, defaulting debtors could face legal action by banks in the UAE within 90 days instead of 180 days, Alittihad has reported. Measures taken by banks against defaulters include informing authorities, preventing them from leaving the country and referring them to court, Saif Al Shehi, local banking operations director at the government-controlled National Bank of Abu Dhabi said..............................................Full Article: Source |