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UAE to implement amendments to Commercial Transactions Law regarding decriminalisation of cheques, partial cheque payments in January 2022

The Central Bank of the UAE (CBUAE) announced today that new amendments to the Commercial Transactions Law regarding decriminalisation of cheques, and amendments relating to partial payment of the cheque, and toughen administrative penalties for issuing cheques without funds, in accordance with Decree Federal Law No (14) of 2020, which …

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