Finding Financial Lawyers in the UAE who can settle Banking and Financial Disputes

Banking and Financial disputes could arise for businesses or individuals for many reasons. These could include non-repayment of loans, regulatory non-compliances, and issues related to debt collection, amongst others.

If you are embroiled in a banking or a financial dispute, it would be essential for you to hire an experienced team of banking and finance lawyers who will guide in the process of resolving the dispute. That said, before the resolution of these disputes, the first step is to find banking and financial lawyers.

But, how does one find the right banking and finance lawyer, who has the relevant expertise and experience in the field and would help you in solving the issues? This may seem like a daunting task finance lawyer of your choice.

at first, but, with a little bit of help, as mentioned above, you should be in a position to zero in on the

In this article, we will list down some key considerations to keep in mind when you are looking for finance lawyers.

• Experience of the Lawyer

The finance lawyer must have experience in dealing with issues which you are facing. He must specialize in banking and financial laws, be adept at handling complex disputes and be able to counter the arguments that may be thrown against you. Experience matters.

• Do your Research

It is important that you undertake some research on the finance lawyers available in the legal field. Most finance lawyers or law firms will have a website that would set out their goals, agenda, areas of practice, and their team members. Make sure you flip through them and check whether they specialize in the practice area of banking and financial laws.

• Client Testimonials

You could also consider reading the testimonials or experiences of the clients, who would have worked with finance lawyers or law firms before. It would help with managing expectations as well as understanding whether the lawyer plays an active role in resolving disputes.

• Meet the Lawyers

Some of the best law firms in Dubai provide consultation before they are hired as lawyers. It might be a good idea to book a consultation with the lawyers you have narrowed down. This may serve multiple purposes. You would be able to explain all the relevant facts of the issue to the lawyer directly. You would also interact with the lawyer, which may give you a clearer picture of whether you would be able to work with them in the future to resolve your disputes.

• Fees

Fee is an important consideration and it is prudent to check the fee that the finance lawyer or law firm proposes to charge for your matter. You should opt for a finance lawyer or a law firm that does not break your bank, but also provides top-notch services to the clients. The best law firms in Dubai are usually transparent in their fee structure and inform the client as and when there is a change in the fee arrangement or when the time and effort incurred has gone beyond the fees decided.

Consider these aspects before hiring a banking and a financial lawyer for handling your disputes. Good luck!

Dr. Hassan Elhais is a legal consultant in Dubai, specializing in the drafting of all statements of claim, memos and consultation on litigation of all manner.