1. A penalty of imprisonment and / or a fine of not more than (AED 300,000) three hundred thousand UAE dirhams shall be imposed on any creditor of a debtor in respect of whom a decision to initiate proceedings has been issued and commits any of the following acts: a. increase their debts owed by the debtor by fraud. b. Grant in their own favor, in agreement with the debtor or with third parties, special benefits in exchange for voting in favor of the debtor during the creditor meetings. c. Enter into a secret agreement with the debtor after the cessation of payment, whereby they grant themselves special benefits to the detriment of the rest of the creditors, while being aware of the same. 2. The court shall order that the agreements referred to in Clause (1.C) of this Article are invalid, with respect to the debtor and any other person, and that the creditor shall be obligated to refund the assets seized under the invalid agreement, even if an acquittal was issued. The court may, upon the request of the interested parties, award compensation when necessary.
Interpretation and application must be checked against the official text and current version.