FNC passes draft law on debt defaulters

June 2014

According to the local daily, Gulf News, the Federal National Council passed a draft law granting relaxation to debt defaulters on humanitarian grounds on May 19, 2014. Under the bill, which requires final endorsement into law by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, pregnant women, terminally ill patients, seniors, and minors under the age of 18 won’t...

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FNC passes draft law on debt defaulters

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