Q: I hold a 25% stake in a Free Zone company in Dubai, with my business partner holding a 75% share and therefore being the majority shareholder. In April 2017, there was an agreement between myself and my partner, in which he agreed to transfer all of his shares to me. Upon this agreement, we both signed and stamped a request for transfer of shares document as well as a shareholders resolution. These documents were then submitted to the Free Zone Authority but then were subsequently withdrawn without my knowledge. As far as I was aware the documents were still being processed and I only found out about the withdrawal of the documents when I followed up with the Free Zone Authority. The Free Zone Authority has since acknowledged that they should not have returned the documents and are trying to mediate between myself and my business partner to submit the documents again but he is refusing to do so. I want to know what legal action I can take against my partner for his actions.

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

Q: We are 2 partners in a technical services LLC company, it's 6 months old. I paid some money to my partner to clear the instalment amount with setup consultancy which he didn't pay yet. Also, he's not investing his share further comparatively my investment is more for setup. He is still using the business license keeping me away (hiding), his phone is not reachable all the time, only contacting me on Whatsapp and telling lies. Due to his untrustworthy, I would like to claim my investment and damages from my partner and need to withdraw my partnership. Give me a solution.

Q: I have invested in a company for lucrative profit returns in 6 months documented in Dubai courts agreement plus a contract from the company. The company contract has weekly profit for an amount of 6 months. I have 4 contracts that end each in 6 months. The 1st contract ended in June, 2nd will end in July, 3rd in Aug, and 4th in Sep 2021. I did receive weekly profits delayed by ±4 days into my account, however, since the 3rd week of April, I have stopped receiving the profit from the company and CEO in charge of the deal. I have tried to communicate with the company and the CEO but all I get is a message saying 'you will receive the amount his week'. No amount received and I have a substantial backlog. Due to this improper communication and dealing, I would like to know the course I should take to recover my investments. Appreciate the advice to move forward.

Q: I invested money in a trading company and the CEO has refused to pay me back with interest for 3 months now and my investment contracts end today. Please, what can I do? I can go to the police station to file a complaint. I need your legal advice, please.

Q: I invested in a company a year ago with the agreement to share proceeds at the end of every 6 months. Now it is exactly 1 year after this agreement and I have nothing. What is the best legal action I can take at the moment to recover my investments?

Q: السلام عليكم ورحمة الله وبركاته، أنا شريك في شركة في دبي تأسست في 2020. وفق عقد التأسيس، لي نسبة أرباح 20%، ووفق عقد بين الشركاء، لي نسبة إضافية 37.5%، بإجمالي مفترض 57.5% من الأرباح. علمًا بأنني تركت هذه الأرباح لزوجتي الشريك الأساسي، ولكن تفاجأت بأنها رفعت ضدي قضية طلاق تدعي عدم النفقة عليها، وبالتالي أرغب في المطالبة بجميع أرباحي من الشركة. دخل الشركة في السنة الأولى 470 ألف درهم تقريبًا، والسنة الثانية متوسط 75 ألف شهريًا. حاليًا ليس لي مصدر دخل غير هذه الشركة ولم أتحصل منها على النصيب المذكور في عقد التأسيس ولا العقد الخاص. أرغب في توكيل محامي للحصول على نصيبي منذ تأسيس الشركة على أن تكون الأتعاب المدفوعة لسيادتكم 10% من إجمالي المبالغ التي سيتم تحصيلها لحسابي. قد يكون إجمالي الدخل حتى الآن في حدود مليون درهم، ولكن لا أعلم بالتحديد لأن زوجتي لا تسمح لي بالاطلاع على دخل الشركة، ولكن حصلت على مستندات من سجلات الضرائب. مع العلم بوجود تفاصيل بأنني أبلغت زوجتي بأنني أترك لها جميع نصيبي في رسائل وتسجيلات، ولكن لم أتنازل رسميًا عن حقوقي في الشركة أبدًا.

Over the years the UAE has become a centre of trade and commerce for the Middle East, thanks to its strategic location, excellent connectivity and extensive services to assist with all aspects of business. According to the World Bank's 2016 report, the UAE has ranked 31st in the global index of ease of doing business. This encourages more entrepreneurs to set up different kinds of business entities in the country.

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 law On Evidence in Civil and Commercial Transactions (Law of Evidence) govern evidence in civil and commercial disputes in the UAE.