UAE Central Bank and Financial Institutions Decree-Law
UAE Central Bank and Financial Institutions Decree-Law — Article 137 — Article (137) Requesting Intervention in Lawsuits and Judicial Proceedings and Notification of Investigations
Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Five: Supervision and Oversight of Licensed Financial Institutions · Section One
1. Without prejudice to the provisions of the ’Civil Procedures Law’, the Central Bank may request intervention in any lawsuit filed before judicial authorities to which a Licensed Financial Institution is party.
2. Law enforcement and other concerned authorities shall notify the Central Bank of any investigations or proceedings initiated against Licensed Financial Institutions. The Central Bank may provide such authorities with any clarifications, statements, or information it deems appropriate in this regard.
Interpretation and application must be checked against the official text and current version.
