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Source:
عكس السير
UAE Man Owes Friend 9.9M AED
The details of the case stem from a prior friendship between two men that lasted from 2021 to 2024, during which approximately 20.8 million dirhams were transferred from the plaintiff to the defendant. In contrast, the defendant received only about 180,000 dirhams. The court ordered the defendant to repay 9.99 million dirhams, after it was proven that a portion of the amounts represented shares in a company that were not actually transferred. The court rejected other claims due to the lack of proof of the legal reason for the transfers or a binding contract. It affirmed that bank transfers alone are not sufficient to characterize them as a debt unless the true reason is established and the transfer was made under a legal obligation, leading to the determination of the payable amount based on documents and proof of the legal reason.
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