UAE Commercial Transactions Law

Article 500 — Article (500)

Book Three: Banking Transactions · Part Seven: Rental of Safe Deposit Boxes

1. The bank shall be liable for the safety, custody and usability of the safe deposit box, and may only deny such liability by proving a force majeure event or a third party's action that amounts to a force majeure event. 2. The bank may not invoke the exoneration clause where an act of fraud or gross negligence is proved to have been committed by it or by its subordinates.

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