UAE Commercial Transactions Law

UAE Commercial Transactions LawArticle 579 — Article (579)

Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter Seven: Payment of the Bill of Exchange: Article (568)

The obligation to provide a giver of an aval, as set forth in Articles (575), (576) and (580) of this law, shall lapse after (3) three years if no claim or action is filed within such time limit.

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