UAE Civil Transactions Law

Article 421

Book One: Obligations · Section Two: Effects of the Obligation · Chapter Five: Multiplicity of Parties to the Obligation · Part Four: Transfer of the Obligation · Second: Assignment of Debt

1. The assigned debt shall retain its securities, notwithstanding any change in the person of the debtor. 2. A guarantor, whether real or personal, does not remain bound to the creditor unless the guarantor has consented to the assignment.

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