---
title: "Banking Lawyer in Dubai - Best Finance Lawyer"
url: https://stacklist.com/card/ecd43f47-95b1-47d3-b053-3a42d45d456b
source_url: "https://www.professionallawyer.me/expertise/banking-law"
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summary: "Banking Law Expertise Overview describes a Dubai-based legal firm specializing in banking and finance law, with expertise in loan agreements, commercial disputes, and bank litigation for international clients. The firm offers client-centric legal services with deep industry knowledge of UAE banking regulations and cybersecurity compliance."
tags: "banking-law, legal-services, dubai, finance-law, corporate-law, dispute-resolution, uae-regulations"
key_entities: "Dr Elhais (person), Emirates NBD (organization), Dubai Islamic Bank (organization), Ahli United Bank (organization), DBS Bank (organization), China Construction Bank (organization), Dubai (location), UAE (location), banking-law (concept), cybersecurity-compliance (concept), Legal Consultant of the Year Award (event)"
classification: "reference"
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acp_version: "0.2"
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visibility: public
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status: "final"
---

# Banking Lawyer in Dubai - Best Finance Lawyer

  --> 2018 AWARD WINNER Legal Consultant of the Year 2018 Global 100 2019 AWARD WINNER Best Legal Consultant of the Year 2019 Global 100 2020 AWARD WINNER Best Legal Consultant of the Year 2020 - UAE Corporate America Today 2021 AWARD WINNER Legal Consultant of the Year Litigation - 2021 Legal 100 Asia Banking Lawyer in Dubai Expertise › Banking Law Your trusted finance and banking lawyers in Dubai As one of the top-notch banking lawyers in Dubai, we specialize in providing legal advice and support to clients involved in complex transactions and disputes in the banking and finance industry. If you are stuck in a legal mess considering financial matters, you can always reach out to our finance lawyers to help you out! Reliable finance lawyers from the team of Dr Elhais Dr Elhais along with the team of banking lawyers in Dubai have advised large international banks, including Emirates NBD and Dubai Islamic Bank on commercial matters within the UAE. Dr Elhais’s expertise includes reviewing and drafting loan agreements, guarantee agreements and advising on commercial disputes and bank litigation. Dr Elhais provides a strategic level of services regarding banking law to his clients while adhering to the highest standards within the financial market. He has advised Ahli United Bank (UK), DBS Bank (Singapore), China Construction Bank (Hong Kong) and Dubai Islamic Bank (UAE) on matters pertaining to corporate guarantees. For any legal assistance, contact our banking lawyer in Dubai, UAE. Why Choose Us? Choosing the right legal partner for your banking and finance-related legal matters in UAE is critical. At Professional Lawyer, we are committed to providing our clients with the highest quality legal services. Here are some reasons why you should choose us: Experienced and Skilled Lawyers:  Our finance and banking lawyers in Dubai are highly skilled and experienced in handling complex banking and finance-related legal matters. We have a wealth of experience in the industry and can provide effective legal solutions to help clients achieve their business objectives. Client-Centric Approach:  Our firm follows a client-centric approach to our legal services. We understand that every client is unique, and we tailor our services to meet their specific needs. Our lawyers work closely with clients to understand their business objectives and provide legal solutions that are aligned with those objectives. Proactive and Responsive:  We believe in being proactive and providing timely advice and support to our clients. Our lawyers are responsive and accessible to clients, and we strive to provide high-quality legal services in a timely and efficient manner. Industry Knowledge:  Our lawyers have a deep understanding of the banking and finance industry in Dubai and the UAE. We stay up-to-date with the latest regulatory requirements and changes to banking and finance regulations, and we provide advice and assistance to clients in navigating these regulatory requirements. Need legal assistance in banking and finance-related matters in Dubai? Feel free to reach out to us now! Frequently Asked Questions 1. What legal remedies exist for customers facing unauthorized banking transactions and online fraud incidents in UAE? The affected customers can quickly file the complaints with their banks. The banks in the UAE are required to investigate the suspicious transactions and implement the cybersecurity protections for the customer accounts. The victim can also report the financial cybercrimes to the police authorities and the public prosecution departments. The matter can be escalated to the Central Bank consumer protection platform for regulatory oversight. Relevant laws include UAE Central Bank regulations, Federal Decree-Law No. 14 of 2018 on the Central Bank and Federal Decree-Law No. 34 of 2021 on Combatting Rumors and Cybercrimes. The courts normally assess whether the bank had taken the adequate security and customer verification processes in place. Compensation may be granted if the unauthorized transaction resulted from the negligence or system failures. 2. How does UAE banking law regulate bounced cheques and criminal liabilities involving insufficient account balances matters? The UAE banking law distinguishes between the criminal and civil liability in bounced cheque disputes and the banking claims. Some cheque-related offenses were decriminalized by amendments under the Federal Decree-Law No. 14 of 2020. However, the criminal liability might still be applicable in cases of fraud, bad faith, forgery, or intentional misuse of the cheques. The banks may return the cheques due to the reasons of insufficient funds, account closure or signature inconsistencies. The beneficiary can directly initiate the civil execution proceedings against the cheque issuer before the competent UAE courts. The applicable laws include, the UAE Commercial Transactions Law and Federal Decree-Law No. 50 of 2022 on Commercial Transactions. The UAE courts usually consider the cheques, as executive instruments that are enforceable and facilitate the expedited recovery procedures. Financial settlements and payment arrangements are usually encouraged prior to pursuing formal litigation. 3. What rights do borrowers possess against banks regarding unfair loan recovery practices and excessive penalties disputes? The UAE has regulations enacted to protect the borrowers from the aggressive loan collection strategies and illegal, unfair financial penalties. The banks are mandated to follow the ethical recovery methods and cannot harass, threaten, or unlawfully disclose customer information. The borrowers can challenge the excessive interest calculations, hidden charges, or high penalties in the regulatory authorities and in UAE courts. Key legislation includes Federal Decree-Law No. 14 of 2018 on the Central Bank and relevant Consumer Protection Regulations. Disputes are generally adjudicated by the courts reviewing signed banking agreements, repayment schedules, and correspondence between the parties. The Central Bank also has the power to investigate the violations by the licensed financial institutions or debt collection agencies. If the illegal actions lead to financial loss, damage to reputation or emotional distress, borrowers may be entitled to compensation. 4. How are banking confidentiality obligations regulated between financial institutions, customers, courts, and UAE authorities legally? The banking confidentiality in the UAE protects the customer's financial information from the unauthorized disclosure by the banks and employees unlawfully. The financial institutions must maintain secrecy regarding the account balances, transactions, deposits, and customer banking relationships. Disclosure may occur only with the customer's consent or pursuant to judicial orders and the regulatory investigations. Governing laws include Federal Decree-Law No. 14 of 2018 concerning the Central Bank and related banking regulations. The UAE authorities may request the financial information during the criminal investigations, anti-money laundering proceedings, or judicial enforcement actions. The unauthorized disclosures of the bank employees may result in disciplinary measures including civil liability, and potential criminal consequences. The courts are careful to balance the rights of the parties to confidentiality against the public interest in fraud prevention and in the financial transparency. 5. What procedures govern freezing bank accounts during financial investigations, criminal proceedings, and debt recovery disputes matters? The bank accounts can be frozen in the UAE through judicial orders, decisions of the prosecution and regulatory enforcement measures that are applicable by law. Freezing measures are frequently used in criminal investigations in allegations of fraud, money laundering or financial misconduct. The precautionary attachment orders can also be imposed by the civil courts for securing the disputed debts and preserving the financial assets. Governing laws include the UAE Civil Procedure Law, Anti-Money Laundering legislation, and Federal Decree-Law No. 20 of 2018. The affected account holders generally possess the rights to challenge the freezing orders before the competent judicial authorities in the UAE. The courts review the evidence in support of the restrictions, their proportionality and urgency and the risk of asset dissipation before maintaining them. After investigations are over or liabilities are settled, authorities may order to release the frozen banking funds. 6. How does UAE banking law address money laundering compliance obligations impose upon financial institutions and customers? The UAE banking laws have imposed the strict anti-money laundering obligations on the banks, exchange houses and all the other licensed financial institutions in the country. The financial institutions are required to ensure the effective implementation of the customer due diligence procedures, transaction monitoring systems and suspicious activity reporting mechanisms. The banks must check the identity of their customers and keep the proper records on the structure of beneficial ownership. The applicable laws are Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Cabinet Decision No. (10) of 2019. Non-compliance with regulatory obligations may result in severe penalties, including heavy fines, suspension of license or criminal prosecution. The UAE authorities are working in close relationship with international bodies to improve financial transparency and fight cross-border financial crime. If any suspicious transaction patterns are detected, the compliance checks may lead to the restrictions on the accounts or the additional verification procedures for customers. 7. What legal protections exist for customers disputing unauthorized credit card charges and banking service fees disputes? In the UAE, consumers who challenge the unauthorized credit card transactions are entitled to make a formal objection directly to their financial institution without any delay. During the internal dispute investigations, banks are required to conduct careful reviews of transaction records, authentication procedures, and the merchant processing details. The customers are generally advised to notify the bank immediately when the suspicious charges or billing errors are detected. Relevant laws include the UAE Consumer Protection Regulations and Federal Decree-Law No. 14 of 2018 concerning the Central Bank. If disputes cannot be resolved internally, complaints can be escalated before the Central Bank’s consumer protection mechanisms and competent courts. The UAE courts tend to examine the contractual terms, customer notices and proof of proper authorisation for the transactions. They can be ordered to refund or pay compensation if they have not applied the appropriate verification standards or transparency obligations arising from contracts. 8. Who is the best banking lawyer in UAE for resolving financial disputes and banking compliance related matters? The suitability of a banking lawyer in the UAE depends on their ability to deal with the banking laws, financial disputes and the investigations for compliance. The clients often look for lawyers with experience in loan disputes, debt recovery, fraud allegations and the regulatory procedures. The exposure to UAE banking practices and the financial institutions is considered necessary. Dr. Hassan Elhais is well known for his legal commentary and representation in complicated matters pertaining to the UAE involving financial and banking-related disputes. He has advised the individuals and companies on compliance risks and legal procedures. Navigating sensitive financial conflicts, and the regulatory challenges requires effective legal guidance. Our Success Stories Investors win Dh84m claim against developer in Dubai A win case against developer for non-performance Man cleared of importing illegal medicine in case of mistaken identity Banking Law Informative Videos Related Legal Articles Newspaper Interviews Awards Won Practice Areas Arbitration Banking Law Civil Law Construction Law Company Incorporation Criminal Law Family Law Inheritance Law Labour Law Maritime Law Sports Law Client Testimonials I had the pleasure of consulting with Dr. Hassan AlHais, and I must say the entire experience was exceptional.The reception and meeting area were impeccably clean, quiet, and managed to the highest standards, creating a welcoming and professional atmosphere. Read more Abdullah Client Verified I had the pleasure of consulting with Dr. Hassan AlHais, and I must say the entire experience was exceptional.The reception and meeting area were impeccably clean, quiet, and managed to the highest standards, creating a welcoming and professional atmosphere.The customer service was outstanding.. Read more Salam Amir Client Verified Dr. Hassan is brilliant. I have been working with him for more than 15 years. His work product and legal advice are of the highest caliber. Competent. Professional. Knowledgeable. Analytical and strategic thinker. Honest. Without exaggerating, Dr. Hassan is the best family litigator in the UAE. Highly recommend. Abed Awad Client Verified I owe the success of my case to Dr. Hassan's diligent approach. He remained focused, put me at ease and always went the extra mile. Dr. Hassan tirelessly put my case in the best possible light and I cannot thank him enough. I would highly recommend Dr. Hassan - I am grateful to him from the bottom of my heart. Raphael Lauria Manager, FME General Trading Verified Regardless of the complexity of the matter I know Dr. Hassan Elhais will consider not only legal strategy but also business practicalities in providing advice and litigation options. Dr. Massimo Hakim Chairman, Italian Style Verified I recommend Dr. Hassan Elhais to anyone who says 'I'm in legal trouble'. I was extremely satisfied with the high standard of his work. He has always been there when I have needed him and I refer all my clients, family and friends to him/his firm. Manish Gupta CEO, EDS FZE Verified Best lawyer in Dubai. Aigul Beishembieva Client Verified Happy with the team of Mr. Hassan Elhais. Knowledgeable on UAE laws and i got the advice i was looking for. Highly recommended! Mukesh Pandey Client Verified Dr. Hassan Elhais was very professional and he listened to my needs. He was very prompt, efficient and always kept me informed. Dr. Hassan Elhais's service was excellent and I would definitely recommend him to friends and colleagues. James Horsley British Client Verified Their team of attorneys are not only highly knowledgeable and professional but also incredibly attentive to the needs of the client. They will provide you with a top-notch service every step of the way. The staffs are friendly, responsive, and always kept you informed about the progress of your case. I highly recommend this for anyone in need of legal assistance. May Ann Adrias Client Verified ...the extraordinary effort that has been exerted by the staff, and we specially thank Dr. Hassan Mohsen Alhais. Wishing your continues success & excellence... H.H. Sheikh Saeed Bin Mohammed Hashir Al Maktoum Verified We are extremely happy to note that you won all three cases which we entrusted to you. Your superb handling ensured the result in our favour. We very much appreciate this and feel grateful to you. You not only won the cases, but managed to get the judgement executed without much delay.. Read more Chandru Malkani Client Verified Dr. Hassan Elhais is among the best legal consultants I have ever worked with. He has an amazing ability to reduce complex issues into a simple concept that non-legal people can understand. He consistently develops innovative litigation strategies that help us to achieve our ultimate legal goals. Zhuo Liu Client Verified I believe everyone should recognize what a difference Dr. Hassan Elhais work has made to people's lives; and especially to our family's life, because we will remain forever grateful to each and every one of his team. Luis Pozueco Client Verified Dr. Hassan Elhais never fears cases that involve exposure and he always gives me his honest assessment of our chances of success, which is invaluable to me. Bassam Yamout Director, JM Metal Trading LCC Verified Dr. Hassan Elhais is a responsible, reputable counsel who operates to high levels of service. British Client Verified Dr Hassan Elhais is responsive, thorough and creative with his advice, and is a valued advisor and legal consultant. Asma Mattar Manager, Italian Style Verified Knowing Dr. Hassan for years now, I can say confidently he is the most trustworthy person I ever met, not only because he is very knowledgeable, smart and has a very high acumen, but also he is very dedicated and buying his clients and interest first.. Read more Ahmed Higazy Client Verified I have had nothing but exceptional work from Dr. Hassan, all my family and business related legal work goes to him. Having been in and out of Dubai since 2004 and having wasted money on bad legal advice elsewhere, I feel VERY qualified to say that he is absolutely the best in the UAE. Thank you Hassan. Rich Firth Client Verified Dr. Hassan is the best lawyer in UAE I have dealt with, he is very professional and has consistently upheld the highest standards of professional ethics, ensuring that my best interests were always at the forefront. I wholeheartedly recommend Dr. Hassan to anyone.. Read more Hossam ElDeeb Client Verified Ex UK Senior management now running a busy business in Dubai that requires bulletproof corporate legal contracts that are customised to our unique needs. This includes everything from HR contracts to complex sales agreements. Dr. Hassan has undoubtedly proven to be the best legal expert we have encountered here.. 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