Questions & Answers
Questions & Answers
9 available 9 • View allThe legal procedure for dissolution of partnership

4
Q: Hello,
I am looking for legal help to shut down a partnership in Dubai or to somehow cancel my share in the partnership.
I am a minority partner and I no longer want to be in the partnership due to questionable activities of the other partner.


Jan 30, 2019
1899
A partner had terminated another partner without discussion
1
Q: My partner had sent me a termination email without any discussion and agreed to pay me my invested amount.
Later, he paid me 50% and said that the rest 50% will be paid after one year which is the expiry of the license.
Please advise what I am supposed to do as I want my money back and he wants to run the company.
Please advise what should I do?

Mar 25, 2021
336
The documents and procedures for an LLC share transfer
0
Q: Process/Steps and Documents required to complete simple share transfer between minority shareholders in an LLC ( Shop)?

Aug 30, 2018
814
How to exit a partnership and get your share from the investment?
2
Q: Hello
I’m a business partner who just decided to exit the partnership with three more partners. It’s a recruitment agency.
I want to know what is the best right way of getting my share from the business in terms of the company’s valuation and current billing.

Apr 29, 2021
787
Is it necessary for all company partners to be present for the exit of one partner?


3
Q: Is it necessary for all the partners and owners to be in the country if one of them wants to cancel his share?



Jun 2, 2021
526
How does a partner exit a TECOM LLC partnership?
2
Q: Dear sir/madam,
How does a partner exit a TECOM LLC partnership on mutually agreeable terms and what is financially due to the partner exiting the business?

Apr 4, 2022
182
هل يمكن بيع حصتي في شركة ذات مسؤولية محدودة بعد تقديم إخطار تخارج

2
س: السلام عليكم،
قدمت إخطار تخارج لشريكي في الشركة ذات المسؤولية المحدودة، وبعدها رفع شريكي دعوى بوجود منازعات قائمة على المشروع، ولكن المحكمة رفضت الدعوى.
هل يمكنني بيع الحصة الخاصة بي؟
علمًا بأنه مضى على الإخطار الذي أرسلته للتخارج 30 يومًا.


Jul 12, 2023
149
شريك في شركة ذات مسؤولية محدودة، ماذا يفعل للتخارج؟


4
س: السلام عليكم،
أنا شريك ومدير في شركة ذات مسؤولية محدودة وأريد التخارج من الشركة وبيع حصتي فيها أو التنازل عنها.
قدمت إخطارًا للشريك أنني أريد الخروج من الشركة بناءً على المادة رقم 80 من القانون الاتحادي رقم 2 بشأن الشركات التجارية والذي ينص على أنه: "إذا أراد الشريك الخروج بالبيع أو بالتنازل، يجب عليه إخطار الشريك عن طريق المدير، وإذا لم يطلب حقة بالاسترداد خلال مدة 30 يومًا، يكون الشريك حرًا بالتصرف".
قدمت الإخطار ومضى عليه أكثر من 4 أشهر.
السؤال: ما الخطوة القادمة لكي أستطيع إتمام عملية البيع؟ أين يمكنني الذهاب لإتمام البيع أو التنازل؟ وما الإجراءات التي يمكنني اتخاذها؟
أريد نصيحة منكم.



Aug 31, 2023
913
Want to exit company but manager/partner does not support. What can be done?

2
Q: Dear Sir/Madam,
Want to exit company but manager/partner doesn't support.
What can be done?


Mar 18, 2024
88
Legal blog
1 available 1 • 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
6319
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
29529

Other answers by
81 81 answers •
View allCan a company change the holidays of the UAE for expat employees to their country's holidays? 0
Hello team,
I have a Chinese team in a Dubai-based company, they are working in Dubai itself.
Can we exempt them from Dubai national holidays and provide holidays related to China national holidays?
Can you please suggest something?
Jan 4, 2023
305
What should you do when you get a police call without knowing the reason? 0
I got a call from police yesterday said I should come today to give a statement they didn’t tell me what it’s about.
I’m freaking out, all I know is I owe Etisalat. Apart from that, I don’t have any issues here. Can you help?
Feb 13, 2021
2538
Partner's liability while other partners are outside the country 0
My wife is a partner in a civil company in Dubai. The company has 4 partners; 3 of them are out of the country.
The company bought things for AED 50k which was not paid back and now they filed a case.
What will be the liability for my wife? she is not the manager of the company.
What will be my wife's liability for that company?
Feb 4, 2021
507
Trade license and banking legality for any kind of trading activity 0
Hi Sudhanshu,
Hope you are well.
What are my rights for establishing an e-com business meant for trading outside the UAE.
1) Do I still need the UAE trade license?
2) Can I receive payments in the UAE banks through international online business since I live in the UAE and would be here for some more time?
Best regards,
A.
May 19, 2020
495
Filing criminal and civil cases against a company for cheque bounce 0
Hello,
I hope you're all doing well during this tough time.
I have a question in regards to bounced cheques, specifically corporate cheques.
I have a cheque for AED 800,000, and it has bounced. The owner of the corporate has asked for a month to pay back. However, I am worried he will leave the country and not honour his obligation.
My questions are fairly simple:
1) Am I to put a case on the individual who signed it or the corporate?
1) If I put a criminal and civil case on the corporate right now and he's unable to settle amicably, can I put a travel ban on the owner (who signed) as it is a corporate case?
2) Does the new insolvency law as of late 2019 also apply to corporates?
3) Is the owner personally liable if the company doesn't have assets or cash?
May 14, 2020
1681
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