DCC 235/1997
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai, United Arab Emirates
Taxonomy
Guarantees, Limitation of Actions
Copyright
LexisNexis
Decision date
21 Feb 1998
Catchwords
Guarantee – Time Bar – Commercial Purposes – Agreement
The original dispute involved an unpaid loan and the key issue was whether the guarantee was time barred. Guarantees are generally civil transactions which can be time barred. However, they are not time barred if they are for commercial purposes or if the guarantor has waived their right to the time bar.
Background