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Legal Briefing
The advantages of precautionary attachment in the UAE
Practice Area: Regulation and Compliance
Sector: Commercial and Retail Banking
Jurisdiction: United Arab Emirates
Published: 28 November 2011
Law Firm: Habib Al Mulla & Company
Overview
Precautionary attachment is a form of interim protection in cases of urgency. It involves funds being held by the judiciary to prevent the party under attachment from disposing of such funds to the detriment of the attachment applicant.
In this briefing, UAE specialists Habib Al Mulla explain how precautionary attachment differs to executive attachment, how it is governed under UAE Civil Procedures Law and how it is one of the best ways for a creditor to protect their rights and money within the UAE.
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