Questions & Answers
Questions & Answers
9 available 9 • View allWhich option is better in the UAE: bankruptcy or liquidation?

2
Q: In the UAE, a company in financial difficulties should go for bankruptcy or liquidation?
What is the cheaper and faster option provided the owner is a manager and partner in the company?


Apr 30, 2020
1040
Liquidation of a company for maneuvering of the managing partner
3
Q: My name is W. S., I am a partner in a hospitality services company with 33% in Dubai.
By delaying the operation, The managing partner is exhausting the capital of the company and driving the company to bankruptcy aiming to take it for himself.
I sent him a timely legal notice to close the company and he did not react. I would like to know the cost of placing a lawsuit for “liquidation, compensation and refund of the paid amount in the company capital plus the interest“ against him along with the lawyer professional fees for this matter.
I would like to be connected with a lawyer who is experienced in similar cases and who can handle this case.

Dec 22, 2018
1706
How to structure LLC company to protect your investment

2
Q: I am in the process of setting up an LLC for tailoring shop. Is there a standard MoA in place or can I make amendments to it?
If tomorrow I have a conflict with my partner and want to change him, what is the recourse and what kind of timelines and cost am I looking at?
What are the things I should get included in the MoA to protect my investment and allow me the flexibility to change a partner with minimum damages?


Oct 23, 2017
2143
Repercussions of a labour or commercial case on the company managing partner
1
Q: 1. Do the labour judgements in a labour case or a minor commercial case result in an automatic travel ban for managing partner? Or does it happen after the enforcement/execution of the judgement is filed?
2. Can a person renew visa with those judgements, if no enforcement is filed in either case?

Jan 24, 2021
817
مسؤولية مدير الشركة ذات المسؤولية المحدودة عن الشيكات المرتجعة


2
س: السلام عليكم،
انا مدير شركة خاصة ذات مسؤولية محدودة ولدي توكيل بإدارة المنشأة وإجراء المعاملات الإدارية مع البنوك والى آخره، كما لدي صلاحية التوقيع على الشيكات.
في آخر أشهر، دخلت الشركة في خسائر تجارية معينة. صاحب الشركة سافر لبلده بحجة قضاء إجازة والعودة فكنت مسؤولاً عن إعطاء شيكات لشركتين مختلفتين لكن بعد انقضاء الوقت المحدد لم يعد المالك صاحب الشركة والشيكات ارتجعت بحكم أنه لا يوجد رصيد في البنك.
المشكلة انا صاحب الشركة في الوقت الحالي لا يجيب على الرسائل ولا توجد طريقة أخرى للتواصل معه و لنا، موظفي الشركة، رواتب متأخرة والتزامات لم تسدد، فما الحكم القانوني عليّ بعد إمضاء الشيكات؟
علمًا بأن اسمي غير مذكور في الرخصة التجارية. أنا مدير إداري.
وشكرًا مسبقًا!



Jul 8, 2021
1936
خروج مدير من الشركة نهائيًا وتجنُّب أي مساءلة مستقبلاً


1
س: أنا مدير وشريك في شركة ذات مسؤولية محدودة. حتى الآن ليس هناك أي ديون أو مستحقات على الشركة.
أريد أن أخرج نهائيًا من هذه الشركة وإثبات أنني خرجت بحيث لا تتم محاسبتي على مستحقات على الشركة فيما بعد.
لا أريد رأس مالي من الشركة. يمكنني التنازل عنه للشركة أو لأي شريك. الشركاء غير متعاونين وبعضهم خارج الدولة حاليًا وغير معلوم موعد العودة.
هل يمكنني إتمام ذلك من تلقاء نفسي؟ وكيف أحمي حقي القانوني من أي مساءلات مستقبلاً؟



Aug 10, 2021
481
Is a manager of an LLC company personally liable for paying the rights of an employee?

2
Q: Dear sir/madam,
I am a partner and a manager of a Dubai-based LLC. We lost a court case against our previous employee with 100k. The company does not have money to pay.
I asked two lawyers if I am personally liable, one lawyer said no, and the other lawyer said that the judge can even arrest me or place a travel ban on me.
I had the full authorization of any documents, bank transactions, or business activities. Everything was 100% on me only.
Now I am totally lost on which lawyer to trust and to believe. Could someone kindly get back to me with a third opinion?


Jun 14, 2022
341
هل تحمي تصفية الشركة المدير العام من تنفيذ شيكات أوامر الأداء؟

2
Q: السلام عليكم،
هل تحمي تصفية الشركة ذ.م.م المدير العام من تنفيذ شيكات أوامر أداء كونه هو الموقِّع بالنيابة عن الشركة قبل التصفية؟


Oct 12, 2022
283
How long does it take to have my frozen bank account back in case of money prosecution?



2
Q: My bank account is frozen and a travel ban has been issued for an investigation for ‘money prosecution’.
How long does it take and how can I survive without money?
Any way to clear this up ASAP?




Sep 1, 2023
732
Legal blog
6 available 6 • View allThe Legal Alternatives of Bankruptcy in the UAE Legislation 1
The UAE continues to strive to modernize its laws and create more flexibility in meeting the needs and requirements of investors and businessmen and elevate its economy to the highest levels of growth and development.
Apr 9, 2019
2437
What You Must Know about Company Liquidation in the UAE 15
Companies can be wound up by Voluntary Liquidation. This shall proceed as initiated by shareholders or creditors of a company by passing a valid shareholder’s resolution. When a company’s financial mechanism fails, and the company is in financial distress and/ or becomes insolvent whereby it is unable to pay off its debts, the company may file a petition for winding up to the court.
Mar 18, 2020
7278
Bankruptcy Law and Personal Insolvency Law 10
This article will briefly explain about the Personal Insolvency Law of 2019 and Bankruptcy Law of 2016 in the UAE. Previously, there was only the Bankruptcy Law that was available for the commercial companies, merchants, traders, and similar persons who were suffering from the financial crisis but now individuals have such options available as well especially considering the effects of COVID-19. Both laws were issued to assist distressed persons and entities by offering them settlement options.
Oct 1, 2020
4901
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
19162
المنازعات الضريبية من الألف إلى الياء وفق قانون الإجراءات الضريبية الجديد 18
تأتي هذه المقالة ملخصاً موجزاً لإجراءات المنازعات الضريبية في دولة الإمارات العربية المتحدة على النحو الذي رسمها المرسوم بقانون اتحادي رقم 28 لسنة 2022 بشأن قانون الإجراءات الضريبية الاتحادي.
May 29, 2023
636
Filing for Bankruptcy and Insolvency in the UAE: What You Need to Know 8
Dealing with financial difficulties can be overwhelming, but the UAE provides a comprehensive legal framework to manage bankruptcy and insolvency in a way that benefits both debtors and creditors. Understanding these laws and how they work can make a huge difference in navigating the process successfully.
Nov 12, 2024
310
Laws & Regulations
3 available 3 • 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
Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.
Dec 15, 1985
148341
Federal Decree-Law No. (51) of 2023 Promulgating the Financial Restructuring and Bankruptcy Law 0
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
Oct 2, 2023
135

Other answers by
48 48 answers •
View allHow to get the security deposit from landlord after finishing all proceedings? 0
The landlord has not returned my security deposit worth AED 5000. I filed a case and have judicial announcements that the landlord should return deposit+expenses. But still no response.
The landlord is out of the UAE and his property is handled by the agent. Not sure how to get my money back while I followed all procedures, even filed an execution case but no response.
While I keep paying to follow up on the case, the property is rented out to the next tenant and earning money. I feel like this system is created like this on purpose.
Apr 22, 2021
446
Is it possible for the employer to drop a case filed by employee in free zone? 0
I filed a complaint to SHAMS regarding unpaid salaries.
My employer drafted a contract saying I should drop the complaint within a week. If I fail to do so, they have the right to do it themselves.
Is this acceptable?
Apr 22, 2021
481
Resignation after 15 days of work in limited employment contracts 0
I have just joined a company with a limited contract. I signed an MOL, but haven’t done the medical tests.
I am currently working and it’s been 15 days. Can I resign during this period or not?
What might be the problem that I could face? Will there be any ban?
Mar 10, 2021
1262
Employee benefits in case of termination during probation 0
Respected Sir,
My company terminated me under the probation period. What are my rights? Can the company give me the air ticket and salary?
Thanks
Jun 9, 2020
1567
Requirements and procedures of attending an online labour case hearing 0
Good afternoon,
I have a few questions regarding my upcoming labour case. My contract was unlimited and my employer falls under the immigration authority, where I worked for 3 and a half years and I have a claim amount of AED 36,000.
I have filed a labour case for unfair termination and I've had my case registered through Adheed Centre. They have filed my complaint and given me my case number and now I have been asked to attend a first hearing on the 7th of July and I've been told that it will be a remote hearing.
I just wanted to know if possible what the procedures are for this remote hearing and how it will be and if it's necessary to have legal representation for my labour case?
Having seen the people in the Centre, I am pretty certain a good number of them can not afford a lawyer as well.
So in case they don't speak Arabic and don't have a lawyer present, how will the hearing and case proceed?
Jun 9, 2020
4558
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