UAE Commercial Transactions Law

Article 23 — Article (23)

Book One: Trade in General · Part One: Commercial Activities, Merchants and Commercial Books · Chapter two: Merchant: Article (11)

1. The following persons may not engage in trade: a. Any merchant whose bankruptcy is declared, unless he has been rehabilitated. b. Any person who may not engage in trade pursuant to the laws in force in the State. c. Any person who has been convicted of a crime of bankruptcy fraud, commercial fraud, theft, deception, breach of trust, forgery, or the use of forged papers unless he has been rehabilitated. 2. Any person who violates the prohibition set out in Clause (1) above shall be fined a sum not less than (AED 10,000) ten thousand dirhams and not more than (AED 200,000) two hundred thousand dirhams, along with a court order to have the commercial premises closed in all cases.

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