Commercial Liabilities in UAE

The Commercial Liabilities are the liabilities of businesses. We all know that modern businesses have too much risk involved as compared to the past. Therefore, for modern businesses, this becomes very important to manage commercial liabilities. We will discuss the commercial liabilities, in the United Arab Emirates. The Commercial liabilities are for people, properties and intangible values. We will discuss the Commercial Liabilities in UAE in detail but with very important points. For the latest updates and services, our team of legal professionals can be approached here as well. Let’s continue the subject;

• Physical Injury means sickness, diseases or any health to a person. As per Civil Law UAE, any damage caused by a person to another person is fully due upon him. The accused has to pay it as a liability where it can be only settled as per Law or as per the consensus between both parties.
• Property is an object which has a value under Federal Law 5/1985, Civil Transactions Law, UAE. As per federal Law, anything that has a physical existence is called Property and it can be spoiled by Natural Forces or Human Beings. Human Beings or Government or Trusts can have ownership of such properties. It is categorized into two types. These types are Movable Properties and Immovable Properties.
• Civil Transaction Law defines immovable property as a property which can’t be, moved and fixed as a permanent premise. It can only be taken from its place when demolished, displaced or destroyed. Article 300 of the Civil Transactions states that” whoever damages or destroys the property of another, shall be liable to replace it, if fungible, or pay its value if ad valorem.”
• Another important protection is protection from humiliation, spreading rumours and a bad reputation. No one is allowed to insult anyone or to spread rumours about him. Defamation, Rumors, Copyright infringements, etc all are considered under personal injuries. Civil Law UAE protects human beings and companies here again. Article 293, Civil Transaction Law states that Moral damages are also part of damages. Further, Attacks on freedom, spreading rumours and conspiracy, all are covered and explained by this Civil Law. Blood Money and Compensation are legitimate rights. You can learn more about Commercial Liabilities in UAE, from our top Advocates and Legal Consultants.