Answer:
Yes. If the loan and guarantee agreements were executed before the new law (e.g., Article 121 bis of Federal Decree-Law No. 23 of 2022), then the law has no retroactive effect and cannot invalidate prior arrangements.
Legal Basis:
- General legal principle: laws apply prospectively unless explicitly stated otherwise.
- Article 121 bis of Federal Decree-Law No. 23 of 2022.
Relevant Case Law:
Case No.39 of 2025 / Dubai Court / Commercial