Questions & Answers
Questions & Answers
8 available 8 • View allResolving dispute between company partners and accusation of fraud




4
Q: We have a partnership owned LLC company in Dubai - 60% shareholder in Qatar, 20% me & 20% another sleeping partner (we both are signatories in Dubai).
Recently, the sleeping partner holding the same share 20% has accused me of fraud in the company. He stopped my monthly remuneration and asked me to give away my phone and car.
Now, he went to telecom and complained about a missing SIM, the number I have been using for more than 5 years.
I have been a working partner for more than 12 years, and now I am suddenly sitting in my office forcefully.
How can this be stopped legally?





Jun 17, 2020
1187
Legal way to resolve legal issues among partners of a company
2
Q: One partner wants to leave the company. What are the options if the other partners are not willing to let him go?
It's a tech company and the partner in question is the CTO, without him, the company will almost certainly fail. There are accumulated operational losses to the tune of AED 4 million. It's a Dubai Mainland LLC.
The second partner is a Dubai company who acts as a collaborator in some of our projects. We recently found out that the GM and a couple of top managers in that company are building a clone of our most promising product.
We can prove it too. Both the teams happened to bid for the same opportunity and the customer realized both are exactly the same product and informed us.
Is this enough legal grounds to demand release from the partnership?

Jun 13, 2020
724
Suing a partner after closing the company due to mutual losses
1
Q: Dear all,
First of all, thank you for providing help and support to us on these legal matters.
My question is:
Our company had two partners, and we decided to close it a few months ago (certification of deregistration has already been obtained). There were not any special agreements (No cheques, letters, loans, etc.) whatsoever.
After we closed everything, the other partner is claiming that he has lost money and is threatening to sue me. There were not any notifications or special conditions made before closing the company.
Can he come back and ask for compensation for his loss?
We both lost different amounts, and in the end, we both agreed to close the company and we did. So would it be possible that he can ask for anything now?
Thank you in advance for your help!
Kind regards,

Dec 23, 2019
713
The rights of the silent partner when the LLC company is closed


3
Q: Our Dubai mainland LLC company stopped business due to financial hardships. There is a silent partner who invested AED 400k against a 25% stake in the company.
The partnership is via a share holder's agreement and not a named partnership.
Q1: Can he file a commercial dispute against the managing partner to make him personally liable?
Q2: Can the managing partner compel the investing partner to contribute to the pending dues and expenses to close the company?
Q3: Are any of the cases or judgments criminal in nature? that is, requiring bail or imprisonment?



Oct 21, 2020
1457
Legal action of a company owner against an employee stealing clients and business


2
Q: I have an LLC technical company made in November 2017 and sold 50% share to one of my employees in 2019. I gave him all signature authority to handle our company and his salary will be paid as an employee.
Later on, in September 2020 he made his own LLC technical license without informing me with a similar name and business to my company and used all resources asset of our common company without my knowledge and permission for his personal company and personal benefit.
He is still my employee and getting paid his salary as well as a partner also and he is doing all work with our common resources for his personal company use and taking our clients due to the similar name of his own business.
I want to know if any Legal action is possible for his misuse of common resources and obtaining a license without any NOC.
Please advise. Your early response will be highly appreciated.



Feb 13, 2021
2128
مطالبة الشريك المخوَّل بالمستحقات بعد إغلاق الشركة وانتهاء رخصتها
1
س: السلام عليكم،
لدي تعامل تجاري مع شركة الشكل القانوني لها شركة توصية ولدي منها شيكات. الشركة حاليًا مغلقة ورخصتها منتهية ولكن الشريك المخوَّل والموقِّع على الشيكات لا يزال موجودًا ولديه أعمال غير مرتبطة بالشركة.
هل يمكن مطالبته بشكل شخصي أم أن المطالبة خاصة بالشركة كون الشيكات صادرة من شركة التوصية والتي كان شريكًا بها؟

Jan 9, 2022
166
الحل تجاه مماطلة الشريك بشأن حسابات شركة ذات مسؤولية محدودة



3
س: السلام عليكم،
أنا شريك في رخصة تجارية لشركة ذات مسؤولية محدودة. شريكتي في الرخصة زوجة مدير الرخصة إلا أنه ولمدة طويلة، كلما أطالبهم بحسابات المحل وتفاصيله يتهربوا من تصفيتها.
الآن الأمر غير مقبول بسبب المماطلة والتسويف إلى جانب اكتشاف بعض التلاعب في الدفاتر المتعارف عليها بيننا.
هل أقدِّم شكوى إلى قسم الشرطة؟ أم ماذا أفعل؟
أرجو الرد!




Apr 4, 2023
179
Is it legal to invite to the General Assembly Meeting it by email instead of a registered letter?




1
Q: I have an FZ company with my partner.
In the MOA, it is written that for the General Assembly Meeting, the partners have to be informed about the date of the meeting through a registered letter to the address registered in the List of Partners.
However, my partner asked me (by WhatsApp) not to send the meeting announcement through a registered letter to his address.
Is it legal to send it by email instead of a registered letter?





Apr 3, 2024
155
Legal blog
2 available 2 • View allWhat 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
5944
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
7349
Laws & Regulations
3 available 3 • View allFederal Law No. (3) of 1987 Promulgating the Penal Code 29
This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.
Dec 8, 1987
47956
Federal 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
29583
Federal Law No. (10) of 1992 On Evidence in Civil and Commercial Transactions 14
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.
Jan 15, 1992
19126

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