Questions & Answers
Questions & Answers
7 available 7 • View allLiquidation of an LLC company when a partner is not approving
3
Q: One of the directors with a 16% share doesn't want to close the company.
The Emirati with 51% and 2 other directors with 17% & 16% want to close the LLC.
The license has expired 15 days ago. What to do now?

Apr 8, 2019
1569
Liquidation 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
1767
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
235
المقصود بحل الشركة ذات المسؤولية المحدودة وآلية ذلك




3
س: السلام عليكم،
ما المقصود بحل الشركة ذات المسؤولية المحدودة؟
وكيف يتم حلها؟
ومن له الحق أن يطالب بحل الشركة؟





Apr 28, 2020
5582
How to close an LLC company while one of the partners is missing?
1
Q: Dear Sir,
We would like to wind up our business. It is an LLC company based in Sharjah, UAE. One of our partners is missing and we are unable to trace out her.
There are 3 partners excluding the UAE national sponsor. Me, my wife & one more lady. She was always a sleeping partner as I am the managing director & authorized signatory.
Now since we are unable to run the business profitably, we would like to close down the business. The trade license expires in May 2020 and we don’t want to renew it anymore.
We have no financial obligations to anyone at the moment. We have given 30 days notice to our employees.
Kindly advise us to proceed further!

Nov 19, 2019
710
Closure of an LLC company while some shareholders are outside the UAE

1
Q: The query is regarding the closure or freezing of an LLC company registered in Dubai.
The expert is required to get the job done while 2 out of 4 holders of 49% share are outside the UAE.


Nov 19, 2020
476
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
448
Legal blog
5 available 5 • View allImportance of Corporate Governance and its Basic Principles 13
It is the first article in a series of articles written by the author to give a better insight to the readers about the corporate governance practices under the best practice principles and the UAE legal system through innovative suggestions of its implementation for your organisation. Next series will be on the UAE regulatory framework on corporate governance.
Jun 26, 2019
3168
The UAE Regulatory Framework on Corporate Governance 7
It is the second article in a series of articles written by the author to give a better insight to the readers about the corporate governance practices under the best practice principles and UAE legal system through innovative suggestions of its implementation for your organisation. Next series will be on Corporate Governance for Non-listed companies.
Jul 4, 2019
2582
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
7375
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
3963
Amendments to the UAE Company Law 2
An interview-format article covering the topic of the amendments to the company law in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
May 24, 2021
777

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Good morning.
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Good day, Sir,
I have received a message from the Dubai Court stating that a bank has filed a civil case against me. The loan has been pending since February 2019.
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Is it legal for my employer to withhold my salary until I leave the country or change status? 1
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Demanding that an employee pay for visa charges a year after resigning 1
Dear Lawyers,
I worked at a bakeshop here in Dubai. I resigned exactly one year ago. Now they want me to pay for visa charges, as stated in the offer letter.
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Can the tenant exit the lease contract early after losing access to gas? 1
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Is it possible to terminate an employee due to her bad attitude 3
Good morning,
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Thank you!
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Filing a case for higher maintenance and possibility of travel ban 1
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?
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