Stephenson Harwood advises Riverchain International Limited on its US$1.2 Million Seed and US$5 Million Series A funding rounds
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Court of Cassation clarifies "sufficient guarantees" - security cheques upheld
The Abu Dhabi Court of Cassation has issued a judgment (Case No. 819-2025, dated 28 August 2025) that may provide useful guidance on what constitutes "sufficient guarantees" under Article 121 bis of the Banking Law.
While this decision relates specifically to individual lending, it could potentially inform the broader interpretation of adequate security requirements we highlighted in our June 2024 update.
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