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Author name: Huda Ata

UAE: Bank loses Dh950,000 claim after failing to secure loan guarantees

date Feb 27, 2026

the court noted that lenders are not allowed to collect a single cheque covering the full loan amount unless the loan is repayable in one instalment. multiple guarantee cheques must be secured, matching the number and value of those instalments.

Source: gulfnews.com

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