UAE Commercial Transactions Law

Article 663 — Article (663)

Book Four: Commercial Papers · Part Three: Cheques · Chapter Five: Refusal of Payment: Article (663)

1. The holder may have recourse against the drawer, endorsers and other obligors if the cheque was presented within the legal period, was unpaid and refusal was established by protest or, instead, by a dated statement written on the cheque by the drawee stating the presentation date. 2. The drawee may not refuse such a statement when requested, even if the cheque provides for recourse without expenses, but may request up to three business days after presentation, even where presented on the last day.

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