UAE Commercial Transactions Law — Article 534 — Article (534)
Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter Two: Negotiability of a Bill of Exchange: Article (529)
1. The endorser shall guarantee the acceptance and payment of the bill, unless otherwise stipulated.
2. The endorser may prohibit the re-Endorsement of bill, and in such case, he shall not be liable for the guarantee vis-à-vis the person to whom the bill is transferred by means of a subsequent endorsement.
Interpretation and application must be checked against the official text and current version.
