Questions & Answers
Questions & Answers
4 available 4 • View allThe right of one partner to force another to transfer shares
0
Q: Hello,
I am based in Dubai.
I am the 49% shareholder and manager of a Dubai-based general trading company.
Suddenly, my local sponsor is asking me to resign and insisting me to transfer my shares to his son.
I refused to resign and transfer the shares. Can he take any legal action against me?

Sep 18, 2019
404
Entering into a side agreement with the local Emirati partner

1
Q: Hello,
My name is P.
I'm about to open up a company here in the UAE. However, we under the sponsorship of an Emirati.
We agreed that he would give the power of attorney under the court to manage everything including bank account, bank cheques.
I need advise on how best we can come with an internal agreement.


Sep 12, 2019
1361
Assistance with the side agreement while establishing an LLC




1
Q: Hi,
I'm starting a food import company in mainland UAE where my Emirati partner (a close friend) will have 20% and I will have 80%.
We're gonna take care of the company creation in DED and trade license application.
At which stage are we supposed to draft the ''side agreement'' and sign the power of attorney?
Can we create a company where I will have 49% of the shares and register it with DED and then draft the side agreement (80% - 20%) and power of attorney in a second step?
Thank you





Apr 20, 2020
476
تعذُّر إتمام شراء أرض منحة بسبب منع البيع أو التصرُّف. ما الحل؟



3
س: السلام عليكم،
اشتريت أرض منحة وقال البائع وقت البيع أنها أرض قديمة ومحذوفة من قائمة المنح، لكن لا يستطيع تعديل الأرض من منحة إلى ملك إلا بعد البناء عليها وقبلت بهذا الشرط وبنيت عليها.
عند الانتهاء من البناء لم يستطع البائع التنازل عن الأرض بسبب منع البيع أو التصرُّف في أرض المنحة وأنا أكمله منذ 18 شهرًا ولم أحصل على تنازل ولم أستطع إدخال كهرباء أو الاستفادة من البيت بأي شكل من الأشكال، وسبب التعطيل من البائع.
كيف أتصرف؟




Mar 28, 2022
3081
Legal blog
1 available 1 • View allLocal Partner Share contribution in the UAE: What You Need to Know 65
For entrepreneurs seeking to set up their business in the mainland jurisdiction of the UAE, this is a useful guide to know your rights and obligations.
Jan 26, 2020
17699
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
29550

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