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by Soren Billing on Wednesday, 24 June 2009, arabianbusiness.com


The owner of an events and alternative gifts company in Dubai has written an emotional letter to customers and suppliers after fleeing the country on fears that UAE bankruptcy laws could land him in jail.

Simon Ford, the owner of Blue Banana.com, apologised in the letter for leaving the country after the firm’s debt had grown “exponentially”, but pledged to repay every last dirham of its debt.

“Tragically, the debt of the business reached a level on Thursday June 18 that personal threats were being made against me and my family, which left me no choice but to leave four years of passion behind and take my family out of the country,” he said.

Entire article: http://www.arabianbusiness.com/559928-b ... -goes-bust

Emotional Letter in full: http://www.arabianbusiness.com/559936-s ... er-in-full

Sad, I feel for him. Caught between a rock and a hard place.

Normally I would not agree with running away from problems, but this is dubai and Problems = Physical pain for you and loved ones.

What did he mean by personal threats against his family? Why would the bank go after his family or was he referring to suppliers? Or maybe it was the investors? Either way isn't intimidation a criminal offense?

It probably was not the bank, it was the "Bank"...

yes, there is a different.

You have no idea how idiotic these collection people can be ! I understand they have a job to do. But why act like real morons and idiots is beyond me.