Fleeing the UAE..
#62
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Joined: Mar 2008
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#63
And for those incoming... how do they find out that they are definately cleared for lawful entry?
#64
God yeah i know loads who have done it, 2 colleagues did it last year, left 90,000 worth of credit card debt and the bank has not contacted the company at all to find out if he is still working for us
#67
Unfortunately the situation is MUCH worse then what is reported in the media. There are job losses in almost every sector (this is first hand information).
Was told by my HR today that this is just the beginning "call it round 1", the worst is yet to come. I have been instructed no new hires, it is redeployment and I have to scout for people within my company.
Have been speaking with people in most banks and am told there have been thousands of "skip" cases (Arabian Business reported that over 3000 cars were abandoned at Dubai airport).
A job loss is an event of default - according to Lloyds bank as per their mortgage agreement - so even though the borrower is not delinquent and has the ability to service the loan, the entire loan can be called up Banks are encouraging customers to flee thanks to such knee-jerk and idiotic policies
So what other option/choices do borrowers have - a jail sentence - who looks after the kids then?
Once you leave the UAE, negotiate a debt schedulement - have a proper document drafted and insist on a final repayment figure and a clearance letter once the negotiated debt is settled.
AnotherWorld - you would have to check directly with the bank and insist on a "clearance certificate" and a confirmation that your name has been removed from the ban list.
Was told by my HR today that this is just the beginning "call it round 1", the worst is yet to come. I have been instructed no new hires, it is redeployment and I have to scout for people within my company.
Have been speaking with people in most banks and am told there have been thousands of "skip" cases (Arabian Business reported that over 3000 cars were abandoned at Dubai airport).
A job loss is an event of default - according to Lloyds bank as per their mortgage agreement - so even though the borrower is not delinquent and has the ability to service the loan, the entire loan can be called up Banks are encouraging customers to flee thanks to such knee-jerk and idiotic policies

So what other option/choices do borrowers have - a jail sentence - who looks after the kids then?
Once you leave the UAE, negotiate a debt schedulement - have a proper document drafted and insist on a final repayment figure and a clearance letter once the negotiated debt is settled.
AnotherWorld - you would have to check directly with the bank and insist on a "clearance certificate" and a confirmation that your name has been removed from the ban list.
#68
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Something has got to give...
#71
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Im not sure if i left on a bad note i would ever have the guts to come back.... the laws arent exactly fair in some cases....
they could throw you in jail anyway and keep you there until they decided otherwise!
they could throw you in jail anyway and keep you there until they decided otherwise!
#74
Yes true.. I believe I read an article today mentioning that you can be held in prison without charge for up to 3 months (but it may have been talking about Saudi).




