International Fraud and Asset Tracing 2025

UNITED ARAB EMIRATES Law and Practice Contributed by: Stuart Paterson, Janine Mallis and Tania Forichon Herbert Smith Freehills

Qatar

Dubai

U.A.E.

Oman

Saudi Arabia

Contents 1. Fraud Claims p.396

1.1 General Characteristics of Fraud Claims p.396 1.2 Causes of Action After Receipt of a Bribe p.399 1.3 Claims Against Parties Who Assist or Facilitate Fraudulent Acts p.400 1.4 Limitation Periods p.400 1.5 Proprietary Claims Against Property p.400 1.6 Rules of Pre-Action Conduct p.401 1.7 Prevention of Defendants Dissipating or Secreting Assets p.401 2. Procedures and Trials p.402 2.1 Disclosure of Defendants’ Assets p.402 2.2 Preserving Evidence p.403 2.3 Obtaining Disclosure of Documents and Evidence From Third Parties p.404

2.4 Procedural Orders p.405 2.5 Criminal Redress p.405

2.6 Judgment Without Trial p.405 2.7 Rules for Pleading Fraud p.406

2.8 Claims Against “Unknown” Fraudsters p.406 2.9 Compelling Witnesses to Give Evidence p.406 3. Corporate Entities, Ultimate Beneficial Owners and Shareholders p.407 3.1 Imposing Liability for Fraud on to a Corporate Entity p.407 3.2 Claims Against Ultimate Beneficial Owners p.407 3.3 Shareholders’ Claims Against Fraudulent Directors p.408

4. Overseas Parties in Fraud Claims p.409 4.1 Joining Overseas Parties to Fraud Claims p.409 4.2 Service of Proceedings out of the Jurisdiction p.410 5. Enforcement p.410 5.1 Methods of Enforcement p.410 5.2 Enforcement of Foreign Judgments p.412

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