Questions & Answers
Right of a partner to withdraw from partnership without fulfilling obligations
Hi,
We have created a business under LLC with a local partner.
It's been two months into preparations and approximately one month ago, the partner backed out of the agreement and requested her money back of investment.
Since the date of this request, she has gone on to ignore us and prior to this request it led to every action of ours has been ignored.
She accepted the terms of backing out and her payment via a post-dated cheque yet the partner has continued to ignore us yet again.
Now my wife and children's visa and health insurance rely on this and the current visa is due to run out. How do I confront this?
Hi,
The most appropriate action to take would be to notify the partner of their continuing obligations through a legal notice.
The legal notice will reinstate your rights, as per The UAE laws and clarify what steps need to be executed by the local partner.
In the event of continued non-compliance, you can claim to file a case against the local partner with the relevant authorities.
For further information, please contact us at our email.
Dear Client,
Good day!
Please provide us with the agreement that you have with the local partner and her proof of commitment for investment then, proceed accordingly.
For further assistance, please feel free to contact us on our phone or send an email.
Thank you.
