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Non-payment of the company share capital by one partner

A company director is not paying his share capital agreed in the memorandum to the company.

Mohamed Noureldin

Nour Attorneys & Legal Consultants

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5 Jan 2020, 12:27

If the partner is not paying his shares in the company, this is a debt to the company and the company can claim it or one of the partners can file a case to claim the amount form the partner in favour of the company.

For more information, you can contact me by phone.

5 Jan 2020, 12:46

Please, would you advise me how much it will cost to file a case regarding this matter?

Would this need to be done through the Dubai or Sharjah courts as it is a company based in Sharjah free zone?

5 Jan 2020, 14:05

Better to go for legal advice first to make an assessment for your situation and understand all possible actions, then proceed with legal action as deemed fit for you.

For the examination of documents, one-hour meeting and written advice, the charges will be AED 1,500.00 which we will consider if we proceed with a legal case.

Advise if the fees are suitable, then we can proceed. We will need to study the MOA and all other documents as well.

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