Q: I opened a bar business in RAK with a Lebanese partner. I financed it with AED 280,000 and he does the operation. Unfortunately, I withdrew my partnership as I cannot provide more money as he asked. We agreed on making an agreement that I will cancel my partnership and he will pay me the said amount every month by AED 5,000. The problem is that he didn't pay until now and its been 2 years. Every time I ask him he is saying no money yet, till he told me that we need to re-calculate the AED 280,000. He didn't meet me to re-calculate. Then, he moved the bar from the rooftop to the 4th floor and it's much bigger. So, he is saying that the bar is a different one already and we are not talking about the same bar anymore. I have an agreement signed, that if he gets a partner, he will pay me as well as if he sells the bar. Do I have any chances of getting the money back?

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.

س: أنا مستثمر ودفعت مليون ونصف درهم لصاحب شركة أردني بصفته المدير التنفيذي للشركة. تعاقدنا على استيراد 3 ألعاب من خارج الدولة في أواخر سنه 2013 وهناك خلافات بشأن الأرباح. ينص العقد بدفع أرباحي كل ستة أشهر بموجب شيكات، وكل مرة يعدني بأن يعطيني شيكات إلى يومك هذا. رفعت عليه قضية وأحالها القاضي للخبير المحاسبي، وللأسف لم ينصفني ابداً. للعلم، بعد التعاقد ب 7 أشهر وقعت على ملحق اتفاقيه أن الأرباح مناصفة ولكنه خدعني بكلمة (الأرباح التشغيلية) بما معناه أنني سوف أتحمل كل المصاريف الإدارية معه ووقعتها بحسن نية. الشخص موجود داخل الدولة ويصر أن لا يعطيني حتى شيكات ضمان، مع العلم أننا قمنا بتوقيع الاتفاقيه في مكتب المحامي ووقع إيصال على استلام المبلغ كامل باسم الشركة. والقاضي رفض إصدار منع سفر لأن الشركة فيها شريك مواطن ليس له علم بالموضوع ولا يستطيع أن يمنعه أيضاً من السفر. هل أستطيع منعه من السفر والذهاب الى قاضي الأمور المستعجلة لأنه يرفض أن يعطيني حتى شيكات، وإلى اليوم لم يسلمني درهماً واحداً مع العلم ان الألعاب شغالة ولها دخل ضعيف ولا يرضيني. كيف أقنع القاضي أن يمنع الشخص نفسه وليس الشركة من السفر خوفاً من الهروب؟

Q: Hari, I posted earlier regarding my dues. I have yet to receive an amount of around AED 80,000 from a DFM listed in Dubai. This is the Board Fees due, since 2014-15. I sent reminders, no response from the company. I was serving as MD & CEO of the company then. Resigned as MD & CEO on June 15 and as Board Member on Jan 16. How can you help me recover this amount asap? What's the process and what's the cost? How much time may it take? Let me know. Best wishes, 16th of August 2018  

Q: A company has two partners P1 & P2, and P2 partner's visa expired. In order to give the complete ownership to P1, P1 is hesitating to provide the money for the share by giving excuses of liabilities. P1 owns 75% share and P2 owns 25% legally approved by the government, but with an understanding between the partners, they came up with another contract by P2 having only 10% with no liability. The only issue is that this contract is not government approved, is it still valid? Now, P1 is trying to acquire the whole company by not allowing P2 to renew the visa. What should be done? Should we file a case? If so, what would be the procedure?

Q: Hi I sold my shares in a restaurant business in Abu Dhabi for AED 600k, paid in post-dated cheques of AED 20k a month. The cheques are issued against the business itself, not the owner. The first AED100k were paid but starting Feb 2020, the owner stopped paying the cheques claiming the business was going bankrupt soon but the business is still operating and seems to have survived the COVID-19 situation. I need legal advice to get the owner to start paying the cheques. All the post-dated cheques are deposited in a bank but they are issued against another bank. The business is registered in Abu Dhabi.

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.

The provisions of this Federal Decree-Law No. (51) of 2023 Promulgating the Financial Restructuring and Bankruptcy Law, known as the "Bankruptcy Law" governs Financial Restructuring and Bankruptcy regulations in the United Arab Emirates