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Abu Dhabi, UAE

Protect your rights legally in case of lending money to a friend

Hi,

I lent some money to a friend here in Abu Dhabi as we are pooling money to invest in a hedge fund located in the USA. The contract and account linked to the hedge fund are my friend's.

How can I document this agreement between me and my friend to whom I lent the money in case of any issues in the future?

Hussain Lootah & Associates
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17 Jan 2021, 10:57

Dear Questioner,

Thank you for contacting me.

Since you are not directly participating, you shall have an agreement with your friend which specifies the purpose of pooling the investment structure, corresponding shares and return sharing, the liability of loss if any, the responsibility of managing funds... etc.

Please feel free to contact me if you need any assistance.

Thank you.

Regards,

Rajasree Ravivarma

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