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Isnt that cos the ex pat bankers and alike had to do a runner when it went pear shaped?
 

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Isnt that cos the ex pat bankers and alike had to do a runner when it went pear shaped?

The United Arab Emirates has strict laws on debt. If you miss a payment for any reason, you will be reported to the authorities and possibly have a travel ban placed and/or face jail time. And if you’re wondering, there is no such thing as bankruptcy in the UAE.

So it’s easier for a person who knows they’re in a lot of money trouble to pack up and get out before the sh*t hits the fan.
 

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The story goes that some immigrants get into Dubai from various countries to make it big. They somehow do and soon it all falls apart as is the fickle nature of quick millionaires in Dubai...instead of giving cars back or defaulting at the bank the guys simply jump ship and leave the cars behind...sometimes owing a hell of a lot of cash on these cars...

Not sure how true this story is though
 
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