Juma Al Nuaimi (Abu Dhabi)
In the case of a dispute between a gold dealer and a creditor, the Abu Dhabi Court of Cassation rejected the merchant’s request and obligated him to pay 543 thousand dirhams to the creditor. A complainant had filed a lawsuit against a gold dealer, who had borrowed sums of money from him for trading, on the condition that he pay it at the time agreed upon between the two parties, but the latter procrastinated, which prompted the creditor to resort to the court to claim his right, which was with him in the case. The court stated that what is established in the papers is that the complainant based his claim by requesting that the gold dealer be compelled to pay the amount adjudged by the court of first instance on the basis that he is still owed by the merchant from the amount of the loan he lent to him. From the dated memorandum, the merchant – in which he mentioned the following phrases, where the merchant acknowledged that he paid the creditor one million and 100 thousand dirhams according to a notarized and dated check, in addition to the amount of 850 thousand dirhams, while the truth is that the merchant received from the creditor 500 thousand dirhams in cash and not 850 thousand dirhams, as The creditor claimed that, so that the total amounts received from the merchant were one million and 921 thousand dirhams.