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!




May 2, 2020
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How to structure LLC company to protect your investment

2
Q: I am in the process of setting up an LLC for tailoring shop. Is there a standard MoA in place or can I make amendments to it?
If tomorrow I have a conflict with my partner and want to change him, what is the recourse and what kind of timelines and cost am I looking at?
What are the things I should get included in the MoA to protect my investment and allow me the flexibility to change a partner with minimum damages?


Oct 23, 2017
2146
How to protect my interests as a partner at the incorporation of an LLC

3
Q: I am a partner in an LLC company with 50% shares each. Since I am not staying in UAE I had given partner all the Power of Attorney to run the business.
I need to know if my partner defaults in any payments for license renewal or non-payment of salary.
Will I still be held responsible for his actions or since he's having all the rights he is responsible?
Kindly advise.


Jan 19, 2021
359
The legal liability of a family of a major shareholder after his death


1
Q: In case of a major shareholder’s death in an LLC, which is already under liquidation due to loss, does the family of the deceased has any legal liabilities?



Jun 9, 2021
270
Legal blog
3 available 3 • View allWhy You Need a Will in the UAE? 4
The United Arab Emirates is a Sharia-Law country with respect to personal status and inheritance. In accordance with the UAE legislation, the UAE Courts will adhere to Sharia Law in a situation where there is no proper Will in place.
Feb 28, 2017
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Securing Your Assets in the UAE by Registering Your Will 14
Do you have assets in the UAE? Have you made a will yet? It is highly recommended to register a will soon, otherwise, the drive to asset disbursement can be extensive and expensive. In addition to the option of registering a will in DIFC for Non-Muslim will registration, Abu Dhabi Judicial Department (ADJD) had also introduced a separate office since August 2017, which has made the entire will registration process easier and cost-effective.
Dec 16, 2018
4329
What 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
5876
Laws & Regulations
2 available 2 • View allFederal Law No. (28) of 2005 On Personal Status 24
UAE Personal Status Law (also known as Personal Affairs Law) governs marriage, divorce, inheritance and other personal affairs in the United Arab Emirates. The law equally applies to citizens of the UAE and non-citizens unless one of them asks for the application of his home country law.
Nov 19, 2005
49054
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
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