Federal Decree-Law 50 of 2022
Commercial Transactions Law
The articles of this instrument that Fahm cites in contract reports, with their neighbours in the same chapter.
In force from 2 January 2023
Text version in force from 2 January 2023
Book Two: Commercial Obligations and Contracts > Part One: Commercial Obligations
- Article 86This article deals with interest on late payment of commercial debts.
- Article 87This article lets a creditor ask for extra compensation on top of delay interest, but only where the creditor proves that the loss beyond that interest was caused by the debtor's deception or serious error.
- Article 88Cited in Fahm reportsThis article bars a creditor from claiming compound interest, meaning interest charged on interest that has already built up and remains unpaid.
- Article 89This article covers instruments for paying money or delivering goods.
Book Two: Commercial Obligations and Contracts > Part Two: Commercial Sale > Chapter One: General Provisions
- Article 107This article deals with goods that, once delivered, turn out to differ from what was agreed in quantity or type, or to be defective.
- Article 108Cited in Fahm reportsThis article sets time limits for a buyer who finds that delivered goods differ from the agreement or are defective.
- Article 109This article allows a seller of goods protected by a registered trademark to agree with the buyer that the buyer will not resell below a certain price.