UAE Commercial Transactions Law

Article 124 — Article (124)

Book Two: Commercial Obligations and Contracts · Part Two: Commercial Sale · Chapter two: Certain types of Commercial Sales: Section one: Sale by Installment: Article (111) · Section Two: Optional Public Auction Sale of Movables: Article (119)

The owner of the used auction room or electronic platform or the appraisal expert, as the case may be, shall for the fee or commission to which he is entitled have a right of lien over the price of items he sells at public auction.

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