Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

India and UAE take landmark step to stop expats fleeing debt

By Mark Battersby, 22 Jan 20

Officially making the UAE a reciprocating territory will ease process for a court verdict in India

India has signed a reciprocal agreement with UAE to enforce foreign civil decrees in a move aimed at deterring expats returning to the home country to escape penalties for committing major financial fraud.

A Ministry of Law and Justice government notification on 18 January said foreign civil decrees passed by courts in the UAE can now be executed in India in line with Section 44A of the Code of Civil Procedure.

The UAE courts that have been identified by India that are part of the reciprocal agreement include the Federal Supreme Court, Dubai Courts, Abu Dhabi Judicial Department, Courts of Abu Dhabi Global Markets and Courts of Dubai International Financial Centre.

Consul General Vipul of the Indian Consulate in Dubai told local news agency The National that the verdicts can be executed by a district court in India.

“If a crime was committed here and the default took place here and if the UAE court’s judgment gets automatically recognised in India, it will inhibit people from committing such things here,” he said.

He added that details on how this will be put into practice are yet to be revealed.

Tags: Expat | India | UAE

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latest news

    ASIC obtains court order to ban adviser linked to collapsed Shield and First Guardian master funds

    Latest news

    Former Statewide Super executives acquitted on dishonesty charges

  • Financial planning

    FCA updates targeted support plans; Aegon warns of premature implementation

    Financial planning

    HMRC and watchdog confirm stance on cancelling tax-free pension lump sums


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe
  • SPONSORED BY ZURICH

    Four lessons for NRI parents

  • SPONSORED BY ZURICH

    The NRI insurance paradox – we really need it, but we really don’t want it

  • SPONSORED BY Zurich

    Investing the Indian Premier League (IPL) way

  • SPONSORED BY Zurich

    Three ways to tackle market volatility

  • SPONSORED BY Zurich

    How to help NRIs address common concerns

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.