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Offered a position at crypto startup. Legal risks if it is dishonest?

Hi,

I've been offered a Chief Technology Officer (CTO) position at a new cryptocurrency and blockchain company. However, I'm a bit suspicious. What are the legal risks for me in a Dubai court if this company isn't honest?

My role will only involve the technical aspect.

Thank you in advance for your answer!

سكلز للاستشارات القانونية
دردشة
توظيف
اجتماع
5 Mar 2024, 11:04

Hello,

Individuals can be held liable for their actions and decisions within a company, even if they were not directly involved in fraudulent activities.

5 Mar 2024, 11:10

Thanks so much for your fast answer!

متميز
الفهد للاستشارات القانونية
دردشة توظيف
اجتماع
5 Mar 2024, 11:23

Dear Questioner,

Thanks for your inquiry!

In general, if you are employed by a company in the UAE, you are protected by the UAE Labor Law. This law outlines the rights and obligations of both employers and employees, and it applies to all employees in the private sector, including foreign workers.

If you have a written employment contract, it should clearly outline your job responsibilities, salary, benefits, and any other terms and conditions of your employment.

If the company fails to fulfill their obligations as outlined in the contract, you may have legal recourse to seek compensation or take legal action.

However, if you do not have a written contract, your rights and protections may be limited. It is important to carefully review any employment contract before signing it and to seek legal advice if you have any concerns.

Additionally, if the company is involved in any illegal activities, you may also face legal consequences for your involvement, even if you were not aware of the company's actions.

It is important to thoroughly research the company and ensure that they are operating legally before accepting a position with them.

In summary, if the company is not honest or fails to fulfill their obligations as outlined in your employment contract, you may have legal recourse to seek compensation.

However, it is important to carefully review any contracts and research the company before accepting a position to avoid any potential legal issues.

Please feel free to contact us for any further inquiry.

Regards,

متميز
أميري محامون ومستشارون قانونيون
دردشة توظيف
اجتماع
5 Mar 2024, 12:09

Dear Questioner,

If the company has a license, a physical address, a bank account, and you have an employment contract with them, and the company's activity aligns with the activity specified in the license, then you are not responsible for the company's intentions.

متميز
إيمان آل علي للمحاماة والاستشارات القانونية
دردشة توظيف
اجتماع
6 Mar 2024, 05:58

Good day,

If your uncertainty is merely an instinctive feeling, you're unlikely to encounter any legal issues.

However, if you are certain about the matter and it can be substantiated, there may be a potential for additional legal complications.

For additional information and further legal advice, please don't hesitate to reach out to us via WhatsApp. We're here to assist you.

 

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