Questions & Answers
The company right to claim its debts upon liquidation
I own a business in Abu Dhabi (I am the 100% direct owner and I have a local service agent) and one client based in Saudi Arabia didn't pay us for two years.
If I close the business in Abu Dhabi, can I still sue the Saudi company and claim the money in the court even though the company will no longer exist, or I still have to maintain the license active?
Thanks
The company has its own independent identity because of its incorporation and creation under the law, though the extent of liability exists.
The right of the company to sue even after its closure needs to be seen from the situation of its closure, arrangements initiated, nature of the claim, etc...
The documents led to your situation required to be examined for advising you better.
Kindest regards
