Questions & Answers
Questions & Answers
10 available 10 • View allLiquidation of a company for maneuvering of the managing partner
3
Q: My name is W. S., I am a partner in a hospitality services company with 33% in Dubai.
By delaying the operation, The managing partner is exhausting the capital of the company and driving the company to bankruptcy aiming to take it for himself.
I sent him a timely legal notice to close the company and he did not react. I would like to know the cost of placing a lawsuit for “liquidation, compensation and refund of the paid amount in the company capital plus the interest“ against him along with the lawyer professional fees for this matter.
I would like to be connected with a lawyer who is experienced in similar cases and who can handle this case.

Dec 22, 2018
1700
Insolvency process of a bankrupt limited liability company
4
Q: Hi.
I would like to file for bankruptcy for one of my mainland LLC companies under the new bankruptcy law in the UAE and would like to connect with law firms that provide this service.
For the first meeting with such law firms, I am looking for free consultation only.
Thanks.

Oct 9, 2017
1960
Resolving partnership and visa issues with partners

0
Q: Good evening,
My wife is a partner with one healthcare group in Dubai since October 2017. During the proposal, she showed setup with staff, licenses...etc.
After signing the MOA, she said that the GP and dentist are on sharing basis and all left after sometime. DED license is expired since February 2018 and DHA facility license expired since October 2018.
Currently, no staff recruited; only one dentist working on sharing basis. They're not able to provide investor visa as the sponsor blocked the clinic.
We need your legal advice on this matter and how we can proceed legally against this healthcare group.
We are three partners (me 10%, dentist 20%, healthcare group owner 70%).


Jan 8, 2019
202
The new insolvency law no. 19 of 2019 and its benefit for debtors

0
Q: Hi there,
Can you please explain the UAE Insolvency Law No. 19 of 2019 on 29 August 2019, thus how beneficial the debtors for defaulting on payment?
Thanks,


Dec 4, 2019
1214
Closing a business while the local service agent is not reachable

2
Q: Hi,
We have a professional services license (2 partners) + 1 local service agent registered with DED, Dubai.
The partners wish to close the business because of unavoidable circumstances. We wish to proceed with all the necessary paperwork for cancellation.
Unfortunately, the local service agent is not available. We have been trying to connect to him multiple times but have not been able to reach him.
The due date for the renewal of the company is coming up and we want to proceed with all the paperwork for cancellation prior to that.
Kindly advise us about the options if the local service agent is unavailable.


Apr 19, 2021
791
Selling the company and handing its bank account without the consent of one partner?
0
Q: I had a trading company in the UAE with a local sponsor of 51%, myself and my partner 49%. We have a joint signature company account in a bank. I left the UAE and was not able to return back.
1. Can my partner operate that company account without my consent/approval?
2. Now my partner has sold that trading company to another person. Can the bank allow that company account to operate?
Please advise. Can you provide services for the above on my behalf?

Jun 27, 2021
384
الخروج من شركة متعثرة رغم رفض الشركاء


1
س: السلام عليكم،
أنا مدير وشريك بنسبة ٢٠% في شركة ذات مسؤولية محدودة. الشركة متعثرة ماليًا بسبب عدم تحصيل مستحقاتها ووجود أحكام قضائية ضدها وشيكات مرتجعة.
الشركاء يرفضون عزلي على الرغم من تقديم استقالتي ويرفضون إفلاسها.
ما المسؤولية القانونية؟ وكيف أخرج من الشركة بدون عواقب قانونية؟



Sep 1, 2022
160
الانسحاب من الشركة رغم رفض الشريك


2
س: السلام عليكم،
دخلت شراكة في شركة ذات مسؤولية محدودة أنا وشخص آخر بنسبة 50% لكل شخص. أنا شريك ومدير. أريد التنازل عن نسبتي والانسحاب من الشركة كون الشريك لا يدعم المشروع ويريد فقط أرباح.
علما أن الشركة لا يوجد عليها ديون أو أي التزامات، ولكن لا يوجد أرباح واضطر أحيانًا للدفع من جيبي الخاص. مدة عمل الشركة ٤ أشهر فقط.
أريد الانسحاب والشريك لا يرغب في ذلك. ما أفضل طريقة للانسحاب؟
وهل تترتب علي مسؤولية كون الاتفاق الشفهي نص على أن ندخل شراكة وأنا أعتني بالمشروع ولكن اكتشفت أن الشريك لا يريد إلا أرباح؟
علمًا بأن المشروع في بدايته ويحتاج إلى دعم.



Mar 29, 2023
392
How to close a company with an expiring license and an inactive partner?




1
Q: Hi,
I was part of a trading license that was used only for the visas of two partners, with no business activity.
Now, the license is about to expire, and I need to close the company. The parents of the deceased partner are not cooperating, and the second partner is also not interested.
Please help me understand how I can close this company, as one partner is dead and the other is not interested. I am left alone in this situation. What will happen if I don’t renew the license, and how can I get it canceled?
Thanks!





+5
Sep 11, 2024
163
Will a civil company partner remain liabile in the company if he left and his visa expired after 6 months?




0
Q: One of my partners (a foreign national) is planning to relocate to another country without exiting the partnership or legally removing his name from the Memorandum of Association.
Will he be still tied up with the legal liabilities of the civil company even if his partnership visa expires after 6 months?





+6
Dec 16, 2024
47
Legal blog
4 available 4 • View allAn Overview of the Legal Framework for Entrepreneurs in the UAE 4
Over the years the UAE has become a centre of trade and commerce for the Middle East, thanks to its strategic location, excellent connectivity and extensive services to assist with all aspects of business. According to the World Bank's 2016 report, the UAE has ranked 31st in the global index of ease of doing business. This encourages more entrepreneurs to set up different kinds of business entities in the country.
Mar 14, 2017
6306
The Legal Alternatives of Bankruptcy in the UAE Legislation 1
The UAE continues to strive to modernize its laws and create more flexibility in meeting the needs and requirements of investors and businessmen and elevate its economy to the highest levels of growth and development.
Apr 9, 2019
2436
What You Must Know about Company Liquidation in the UAE 15
Companies can be wound up by Voluntary Liquidation. This shall proceed as initiated by shareholders or creditors of a company by passing a valid shareholder’s resolution. When a company’s financial mechanism fails, and the company is in financial distress and/ or becomes insolvent whereby it is unable to pay off its debts, the company may file a petition for winding up to the court.
Mar 18, 2020
7272
تصفية الشركات في القانون الاتحادي رقم (2) لسنة 2015 بشأن الشركات التجارية 23
للشركات كما للإنسان، دورة حياة. وحيث يبدأ الشيء، فلا بد له من نهاية، ولا باقي إلا الله. وإنه حيث نظم القانون نشأة الشركة، وعقد تأسيسها، فإنه كذلك لم يغفل تنظيم قواعد حلها وتصفيتها، ذلك لأن هذه القواعد بالغة الأهمية والحساسية، فهي تنظم طريقة أداء ديون كافة دائني الشركة، وتحصيل حقوقها، وتوزيع الأرباح أو الخسائر على الشركاء بعد بيان ما لها وما عليها. ونعرض في هذا المقال لهذه الإجراءات بحسب ورودها في قانون الشركات الإماراتي بإيجازٍ غير مخل.
Sep 9, 2020
3905
Laws & Regulations
1 available 1 • View allFederal Law No. (2) of 2015 On Commercial Companies 15
The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.
Mar 25, 2015
29518

Other answers by
77 77 answers •
View allCan the tenant exit the lease contract early after losing access to gas? 0
There was a gas pipe explosion in our building and the whole floor is unhabitable.
So we are located on another floor, gas usage was cut and had to rely on electric plates which takes longer time to cook and there is the fear of fire if left unattended.
Gas will be reinstalled after 3 months and we wish to terminate the contract early because we cannot use the gas which is one of the facilities we agreed for in the contract and we feel unsafe in the building because every now and then the alarm goes on.
They gave us an option to move to their other buildings but will even be farther from work plus the transportation costs will increase.
Do we have to pay penalty charges for a situation that is not our doing? We are already having heart palpitations whenever there’s an alarm?
Oct 24, 2019
409
Is it possible to terminate an employee due to her bad attitude 0
Good morning,
We have given an employee a final warning due to attitude and creating fights with employees.
Last time, she did the same thing after that she left the office early without informing the manager (she informed the owner of the company which is not the direct report) after that she was absent for 2 days without informing the same.
She sent a message to the owner of the company, but the owner did not reply nor approve her reason for being absent.
Is it valid that I serve her termination?
Thank you!
Oct 20, 2019
616
Filing a case for higher maintenance and possibility of travel ban 0
I'm an Australian non-Muslim expat resident for 10 years. My wife is the same, as are our three children, ages 19,16 (girls) and 11 (boy).
I have opened a case for divorce in Australia, and the hearing is in November. My wife wants to take me to court in the UAE regarding child maintenance.
I currently pay 35% of my monthly salary to my wife for child support. She wants more. I am due to leave the country next July permanently.
If she opens a court case, will that stop me from leaving? Has she got a case for more money?
Sep 12, 2019
1830
Removing a travel ban requested by the guardian of a child 0
My question is about my son who has a travel ban for the past four years.
I am a divorced woman and the travel ban is from his father. I want to move back to my home country as I don't have any emotional or physical support here.
My parents are old and would like to move back for good. I have tried discussing this matter with his father but unfortunately, the matter is still unresolved.
I am willing to let go of all financial support in order to go back. Please let me know if this can be resolved in any way.
Jul 30, 2019
5467
The impact of a company shareholder on closure decision by majority 0
Hi,
I am a partner of a Dubai based (mainland) company. Due to the financial restraints, the investor (shareholder) has decided to close the company.
Now, I want to know if they can do this without my consent as the sponsor 51% and partner 26% have decided this. My share is 24%.
Jun 27, 2019
725
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