Document background
The Money Recovery Letter is a critical document used in the United Arab Emirates when formal attempts are required to recover outstanding payments from debtors. It serves as an essential step in the debt recovery process, often required before initiating legal proceedings in UAE courts. The document should be drafted in compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and related regulations, incorporating specific elements such as payment details, deadlines, and consequences of non-payment. The letter typically follows after informal recovery attempts have failed and before legal action is taken. It must be carefully worded to maintain professionalism while clearly stating the demand, taking into account UAE business culture and legal requirements. This document is particularly important as it can serve as evidence in subsequent legal proceedings and demonstrates the creditor's attempt to resolve the matter amicably, which is highly valued in UAE business practice.
