Questions & Answers
Questions & Answers
5 available 5 • View allDue diligence and confidentiality
1
Q: Is it allowed in a due diligence process prior to an investment decision, for the investee company to release information about the potential investors?
If the company is based in a jurisdiction different from the jurisdiction where the investors are based, which court should be solicited to solve the matter? Is the only one in the Middle East the one based in Doha?

Oct 23, 2017
523
The due diligence before buying an existing business in the UAE

10
Q: I'm going to buy an existing business in the UAE (mainland company). Please advice:
1. How can I check whether the company has any existing liabilities in UAE banks?
2. What kind of documents shall I request from the company owner as a confirmation that he paid all his debts to the local agent?
3. Would I request any proof from the local agent?
Thank you!


Aug 16, 2020
1587
Safeguarding your interests while purchasing an existing business


4
Q: Buying a small business in Abu Dhabi. What are the legal requirements? What are the items on a checklist that one should consider before investing? What are the pitfalls of buying an existing business?



Aug 28, 2018
2215
I bought a restaurant from the old owner and discovered issues with the trade license

1
Q: I bought a restaurant from the old owner and a trade license transfer was done.
But when we went to the bank (the bank is managing the building where the restaurant shop is) to transfer the tenancy contract and get the Tawtheeq, the bank said there is an issue in the building and they cannot issue Tawtheeq.
Without Tawtheeq, I cannot renew the trade license and complete the transfer of the shop tenancy contract.
Please let me know if there is any legal action I can take against the old owner and file a case against him as the transfer of shop is not completed.


Mar 15, 2022
339
How do I perform due diligence on a Dubai company for a large financial transaction?




1
Q: Dear Lawyers,
I need to conduct due diligence on a company based in Dubai for a large financial transaction. What is the correct way to go about it?
Thank you in advance!





Sep 4, 2024
72
Legal blog
3 available 3 • View allSix Thumb Rules to Bear in Mind Before Entering an Arbitration Agreement 9
This short write up examines some of the key considerations one has to bear in mind while opting for Arbitration as a preferred mode for dispute resolution.
Sep 12, 2020
2620
Breach of Trust and Debts as the Base of Corporate Crime 1
This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.
Mar 26, 2017
1299
100% Foreign Ownership of Companies in the UAE 12
The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by the competent authorities. This means that foreign investors’ shares will not be limited anymore to a maximum of 49% like before, but can be up to 100% instead.
Jun 13, 2021
3109
Laws & Regulations
2 available 2 • View allFederal Law No. (11) of 1992 Concerning Issuance of the Civil Procedures Code 42
The law promulgates UAE Civil Procedures Code (Civil Procedure Law) which governs civil procedures in the United Arab Emirates, including the prosecution before the courts, litigation and execution.
Feb 24, 1992
75311
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
29529

Premium
Other answers by
177 177 answers •
View allHow to liquidate a free zone company after the death of one partner 0
I am a company owner In Shams free zone of 50 per cent share and have a partner visa. My partner was a Russian who went to Russia and died.
When I went to the free zone to cancel my visa and close the company, they have asked me to get his attested death certificate and NOC from his heirs.
The problem I am facing is his family doesn’t want to give the death certificate nor they want to give NOC. Now my resident visa validity is over and I am on fine every day.
Neither the free zone is cooperating nor the partner's family. What is the other way I can cancel my visa and close the company?
Can someone guide me, please?
Apr 19, 2021
689
How the objection of a client be dealt with after being notified for termination by DLD? 0
I have been notified by DLD that I am in breach of an off-plan sales agreement, and the developer wishes to terminate the agreement.
The date on the notice is March 9, 2021, and I received it from the developer on March 11, 2021. The notice says I have 30 days "from the date of being notified" to make the outstanding payment.
On the termination notice from DLD, a list of objections is present. One of the objections states that the developer must hand over the final SPA to me.
In this case, I have not received the final SPA from the developer. I made an objection in writing to the DLD pointing this fact out and sent it via email, and received a confirmation of the same from DLD by return e-mail on April 6, 2021.
30 days from March 9th is April 8th, or from March 11th is April 10th. Does the developer have to respond to my objection before the DLD will allow them to terminate the agreement?
In this case, will the time I have to make the payment be extended by any period?
Apr 19, 2021
1408
Opening a trustee with wife and signing a postnuptial agreement 0
I would like to open a trustee with my wife and sign a postnuptial agreement.
Apr 19, 2021
450
Closing a business while the local service agent is not reachable 0
Hi,
We have a professional services license (2 partners) + 1 local service agent registered with DED, Dubai.
The partners wish to close the business because of unavoidable circumstances. We wish to proceed with all the necessary paperwork for cancellation.
Unfortunately, the local service agent is not available. We have been trying to connect to him multiple times but have not been able to reach him.
The due date for the renewal of the company is coming up and we want to proceed with all the paperwork for cancellation prior to that.
Kindly advise us about the options if the local service agent is unavailable.
Apr 19, 2021
799
Returning to the UAE to run business after being convicted with a crime 0
Hi,
I want some information regarding my uncle. He was arrested in November 2015 and was in prison until 13 June 2016 when he was deported to Pakistan.
The reason for the arrest was that my uncle had his own business in Sharjah and he was involved in a case where his employee accused him of attacking him and other allegations. He was arrested and convicted.
He needs to reenter the country as he has his business in Sharjah but I believe he is blacklisted/banned. How can I find out if he is blacklisted/banned and how can it be removed to allow my uncle to reenter the country and take over his business?
Is there any way of helping to resolve this issue?
I know that if he enters on a visa, he could be arrested at the airport, and don’t want that to happen.
Thank you!
Apr 5, 2021
499
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