Questions & Answers
Questions & Answers
10 available 10 • View allHow to transfer the shares of a local partner to another
0
Q: We have a civil case against the company, is it possible to change the local partner holding 51% of shares as per the MOA?

Apr 12, 2018
578
Dispute between partners regarding transfer of shares
2
Q: My husband was awarded shares in the company he works for. Now he is leaving and wants to sell them and the company refuses to acknowledge the fact that he holds shares even though it clearly states that he does in the 'Articles of Association'.
What advice can you give to us? Thanks.

Jul 24, 2017
1739
The power to transfer shares in an LLC company
0
Q: Can a power of attorney holder (staff) or the local partner in Dubai change the 49% partner without his or her consent?
If changed, how is it possible to get the new changed LLC agreement for our reference?
Please advise.

Dec 12, 2018
1097
The way to claim company shares from partner after breaking partnership
1
Q: With an equal partnership in a company, my silent partner (Sole Investor) wants to part way. With all the financial authority (i.e. Bank account) he has transferred all money into his account before resolution.
Even I accepted all his demands, he has not come up to transfer the share to me with lame excuses for 4 months that he is BUSY.
What lies now with me as the company has been dysfunctional with no acceptance of orders for 4 months. He has put the cut-off date 4 months before. In this scenario, he is also demanding goodwill.
I want to find out how to know what is the right amount of goodwill for a small trading company and how to bring him to sign the transfer of share in my name.
Your advice in the right direction would be very much appreciated.

Jan 19, 2021
341
Removing a partner from a company in a Freezone and cancellation of his visa
4
Q: I have a company in Ajman Freezone. We are 2 investors (myself and a business partner).
I wish to remove myself as an investor and cancel my visa. The trade license expired recently and there is a small outstanding amount to be cleared as well.
How can I proceed with the cancellation of my visa?

Mar 22, 2021
1467
Removing the name from the license of a professional service company upon selling it
2
Q: I had a professional service company in a partnership licensed by DED, Dubai.
There were some issues and we decided to sell the license. The sale was completed with the sale deed registered in a Dubai court in Feb 2020.
However, the new owner failed to renew the license and update the records with DED, Dubai. Therefore, I am still registered as the owner and manager of the license with the DED.
In this scenario, who is the legal owner now, and what are my options to remove my name from the license or to close it?

Jun 3, 2021
560
تنازل أحد الشركاء عن حصته في شركة ذات مسؤولية محدودة بدون حضور الباقين

1
س: شركة ذات مسؤولية محدودة أنا شريك ومدير بها والشريك الثاني مواطن والشريك الثالث مصري خارج الإمارات ولن يعود الآن.
السؤال:
هل يمكنني التنازل عن حصتي في الشركة لأي شريك منهم سواء المواطن أو المصري بدون حضور الشركاء؟
أقصد أن أُحرر التنازل في كاتب العدل بدون حضور أي أحد من الشركاء أو بحضور الشريك المواطن فقط.
إذا كان يجوز فعلاً، فبالنسبة للدائرة الاقتصادية، هل يجوز لي بهذا التنازل إخراج نفسي من الشركة في الدائرة الاقتصادية أيضًا بدون حضور الشركاء أو بحضوري أنا والمواطن فقط إذ أن الشريك الثالث لن يعود الآن؟


Sep 13, 2021
3801
Can a partner in a company sell his shares without another partner's consent?
4
Q: Assalamu Alaikum
We are 4 partners in a business and one of the partners wants to sell his shares to two existing partners in the business without the consent of the 4th partner.
There is no provision made in the MoA regarding the sale/transfer of shares. So can this be done without violating any law in the UAE?
Thanks

Dec 9, 2021
664
Removing a 5% partner while he is abroad

1
Q: Dear sir/madam,
My father is a 5% partner. He has moved back to his hometown and I, his son, 95% partner wish to remove him.
Can I remove him while he is out of Dubai?


Nov 1, 2022
196
Is it possible for a UAE free zone company to transfer shares to somebody residing in India?

0
Q: Is it possible for a UAE free zone company to transfer shares to somebody residing in India?
If yes, what are the conditions you need to comply with during and after such a transfer?


Mar 21, 2024
111
Legal blog
3 available 3 • 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
3085
What Can I Do If I Have a Dispute With My Joint Shareholder? 5
An interview-format article covering the topic of shareholder disputes in the UAE and pre-emptive measure to be considered. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.
Mar 24, 2020
5872
Online POA and Other Notary Public Services in the UAE 28
With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.
Jun 8, 2021
19161
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
29524

Other answers by
109 109 answers •
View allCancellation of SPA for delay in delivery and defaulting on payments 0
Hi
I bought an off-plan property from a developer in downtown during the peak time. My payment plan was based on construction with completion being Dec 2019. I have paid more than 50%.
I requested the developer to readjust my payment plan as the project is delayed. They moved on payment forward and sneakingly changed completion date to Aug 2021 in the document. The SPA still says Dec 2019.
Now I'm struggling to pay the next payment due to COVID-19 and project is completed 56% as par Dubai land department and 60% as per the developer. The developer is asking for payment and calling me every day.
My question is can I still use the delay in the project as a clause to cancel my unit?
Can I cancel my apartment and how much can the developer deduct?
After selling me, the developer started offering customers post-handover payment plans for 4 years, which is very unfair as even if I complete my payment, no one will buy from me as the developer is selling something with 4 years post-handover.
Can legal help be provided in this regard?
Jun 7, 2020
880
Easy way to know whether a job offer is real or scam 0
I am a health professional in Canada.
Years back, I posted my CV to work in the middle east on a job site in the gulf. Last week, I got 3 emails claiming from a general hospital in Abu Dhabi, a hospital Dubai and another medicare hospital in Dubai for online recruitment.
they showed interest in my CV. All emails were from free accounts (gmail.com address). I chose then to forward an email to the concerned HR department of the concerned hospitals.
I forwarded one email to the official email of one of the hospitals (as given on the hospital site). They replied and said, yes, the email is legitimate and you can apply with confidence.
Now I got an offer letter from Dubai hospital with handsome salary offer but from a Gmail address. They're asking me to start position in one month only and asking to contact a travel agency based in Dubai.
Is it a scam or true? I have forwarded the email to the HR department of the hospital to determine authenticity.
Jun 7, 2020
14626
Employee rights in case of changing an unlimited contract to a limited contract 0
Hi,
What is the law if an employer wants to change a contract from an unlimited to a limited contract?
Is the employer liable to pay the 3 months arbitrary dismissal (if valid) + other monies owed prior to changing the current unlimited contract to a limited contract?
Jun 7, 2020
4877
Terminating the SPA and claiming refund for changing specifications 0
Can a developer change the layout of the building as shown at the launch event and part of all brochures/online advertisements/model under the pretext that the same is not included in the SPA?
For the launch, we got convinced with the building design and layout but at delivery, it’s changed without prior intimation.
Can I make a legal case or can they take the guise that it’s not part of the SPA?
Can I get a refund for the 30% advance payment and refuse possession of the unit?
Jun 8, 2020
695
Inability to continue paying the installments of a property because of COVID-19 0
Hi sir,
I live in the UK. I am an investor and a broker for a property development company. One of my customers bought an off-plan property from it i.e just Cavalli Villa 2 years ago. 33% was completed and handover is due in 2021.
My client paid part of the deposit around AED 390000 (£80000) and she has been paying to the project for the last two years until early this year when COVID- 19 hit the UK. Since then, she has been ill and lost her job and, therefore, she is unable to pay.
My customer received a letter from the company saying that if the outstanding amount is not paid within 30 days, then they will take her to court. They say that they would cancel her plot and she will lose all MONEY paid so far.
My client needs payment delay until her situation improves but this request has been declined. The money secured under the ESCROW account. Can the developer have the power to take money from the escrow account?
What is her right under Dubai law? Can she do anything to avoid court order? The UK is in lockdown at the moment with no proper or normal banking functions.
Thank you!
Jun 9, 2020
1510

Other answers by
108 108 answers •
View allCan you enter Dubai if you leave a GCC country with possible civil and criminal cases? 0
Hi Hayyan,
In 2014 I had been to Qatar on a "Work-Business" visa valid for 30 days. Before my visa expiration, I fled from Qatar back to India without informing the sponsor or office management.
After I returned to India, I received an email from HR stating that the Qatari sponsor has filed an absconding case, a civil case, and a criminal case against me with the Ministry of Interior in Qatar.
Now my question is, can I travel to Dubai on a work visa?
Will there be any issue entering Dubai assuming that the Qatari sponsor has filed the said cases against me?
Awaiting your response,
H.
Currently staying in India.
Mar 8, 2022
420
Help with drafting service provider agreement for marketplace tech startup 0
We are a tech startup creating the first auto/car service and repair marketplace.
As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected /booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides.
I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Dec 7, 2021
374
Drafting an agreement between an auto service marketplace and service providers 0
Hi Mohammed,
We are a tech startup creating an auto service and repair marketplace. As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected/booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides. I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Is this something you can work on and have previous experience in?
Dec 6, 2021
348
Legal assistance in preparing T&Cs and privacy policy for startups 0
Hi,
I am starting a website that connects freelancers to media professionals and individuals. It will be a marketplace sort of platform.
Where can I find a legal advisor to help with the terms and conditions and privacy policy for startups?
Thank you for your reply in advance.
N.
Sep 20, 2021
157
Legal requirements for starting a business by a minor 0
Legal requirements for starting a business by a minor in the UAE
I am currently 16 and I’m an Emirati national. I am willing to start my own e-commerce business.
Is it possible to get an e-commerce license even if I am a minor?
Jul 12, 2021
1238
Get quotes from lawyers
Find the right lawyer for your legal needs.
Submit your request and get multiple
competitive offers from
qualified lawyers.
Popular Q&A
View all Looking for something else?
Ask for advice from a lawyer