UAE Commercial Transactions Law

Article 601 — Article (601)

Book Four: Commercial Papers · Part One: Bill of Exchange · Chapter Eight: Claim and Recourse Against Obligors of the Bill of Exchange: Article (581)

The bearer of a bill of exchange protested for non-payment may levy a precautionary attachment, without the need to submit a guarantee, at the property of the drawer, acceptor, endorser, giver of an aval or any other obligors under the bill of exchange, subject to the provisions stipulated for such attachment in the Civil Procedures Code, except for providing a guarantee.

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