UAE Commercial Transactions Law

Article 162 — Article (162)

Book Two: Commercial Obligations and Contracts · Part Three: Commercial Mortgage

1. A commercial mortgage is a mortgage executed on a movable property to secure a commercial debt. 2. Except for the restrictions stipulated herein or in any other law, a commercial mortgage may be proved by all means of evidence with regard to the contracting parties and against third parties. 3. The application of the provisions of this Part shall be effected without prejudice to any particular legislation governing the commercial legislation.

WAWhatsAppTGTelegram