Questions & Answers
Questions & Answers
4 available 4 • View allThe best way to handle partners' shares in LLCs after death



3
Q: Good evening, Sir,
We have an LLC (under DED) with a UAE National 51%, one Belgian 25%, and an Indian 24%. The Belgian and Indian both are UAE residents and have their spouses also living in UAE as residents.
What will be the consequences if one of the Non-UAE partners died? What do you suggest as the best way to be prepared for this situation.
Your answer is already appreciated!




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Forcing successors to sell inherited company shares
1
Q: Hi Rajasree,
My name is Ahmed A., I reside in Canada with my family.
8 years ago, my father passed away in Dubai. He has an Auto garage with shares with a local partner and my two uncles, with my father and the local partner having the majority of share at 24% and 51%.
Soon after my dad passed away, we got our inheritance papers made at Dubai Courts. It's been 8 years since we got even a penny from my uncles. Now, they are pushing us to sell our shares below the market value.
They are being very hostile towards us, threatening us if we do not sell, they can have the trade license terminated. I am a Chef here in Kingston, Ontario.
It is very hard for me to drop everything and chase matters in Dubai. Please advise if the threats are true and I should sell my shares.
If you can email, it will be greatly helpful.
Thank you
Ahmed A.

Feb 12, 2019
829
سؤال البنك عن مصدر مال المورِّث
1
س: السلام عليكم،
هل تحتاج البنوك في الإمارات في قضايا الميراث التي تتم عبر المحاكم الشرعية في الإمارات لإثبات مصدر المال للورثة؟

Aug 17, 2021
121
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