Questions & Answers
Questions & Answers
8 available 8 • View allHow to clear the previous manager's name from a trade license to avoid future cases?


3
Q: I was a manager on a company trade license. My name was removed from the trade license in January 2017 and a new manager was named on the trade license.
The land department RDC has issued a travel ban against my name. The ban should be in the name of the new manager. I have copies of the old and new trade licenses.
How can I clear my name and ensure that this does not happen again with any future cases?



Dec 30, 2020
987
Revoking a power of attorney to a shareholder in an LLC Company
0
Q: 3 years ago, I agreed to sign my name to a trade license as a shareholding Managing Director.
I did so as a favour to our group chairman. I have lost faith/control and I am worried about what is being done with my identity. All documents/operation are with the 2nd partner and local sponsor (51%).
I am not active in the business neither do I know what is happening. I realize the high risk but agreed in trust, now with great regret. I signed a POA last year after leaving the country for another project.
It was limited to 6 months which has since expired. How can I remove my name?
The 2nd partner continues to use the sponsor's availability (or lack thereof) as an excuse for why he cannot do so.

Mar 14, 2019
915
Removing the name from a trade license to avoid the financial consequences
1
Q: Hi Ms. Rajasree,
Good Day!
I was a resident of the UAE. Last year, I moved to Germany (since Sep 2020) handing over my partnership rights to my partner at the Al Twar court notary premises (Qusais).
However, off late, I did find that the partner is in a big mess and he hasn't primarily paid any rentals ever since my exit; also hasn't taken my name from the trade license with the Dubai economic development.
Now all the payment dues (and other related company issues) are also reflected in my name and the court has also issued a verdict (via RDC) to our company which now implies to me too (since my name wasn't taken out).
Our company is an LLC company. So my questions to you are:
1) Is there a process to take my name off. from the trade license if I approach the court and explain as I wasn't a part of this by any means as already I have the originals of the partner's amendment signed?
2) If so, for appointing a legal entity, how could I execute a POA from Germany to a legal firm in Dubai?

Nov 2, 2021
1250
How to remove the name of Director/General Manager of a company?
2
Q: How to remove the name of Director/General Manager in the Board Resolution notarised in 2018 in Abu Dhabi with the company pending court case?
The manager is not on board since 2020 from the old company and the visa was canceled already.
What is the procedure?
Thank you for the advice.

Apr 22, 2022
264
How can a partner remove himself from a company?
1
Q: Hi,
I have a business dispute with my partner in a civil company. My share in the company is 25%, partner's share is 70%, and local share is 5%. I have an employee manager visa.
Is it possible for my partner or the local to abscond or do any ban on me?
And if the company visa is not renewed, would I get automatically canceled or not?
Please let me know with your expertise!

Jul 20, 2022
352
Can a partner of a company make an acknowledgment of debt to himself?


2
Q: Dear sir/madam,
Can a partner of a company make an acknowledgment of debt to himself?
There is a small professional license company with two partners. Each partner has the power to sign documents singly. Partner 1 gave 1 Million AED as a loan to his company from his personal account.
There is no equal amount paid by Partner 2. The company bank accounts show that the company received money from Partner 1 and there is no evidence that this amount was paid back.
There is an existing court verdict that states that Partner 1 gave loans to the company and partner 2 did not provide any evidence that it was paid back.
Can Partner 1, in his role as partner and signatory with power to sign singly, sign an acknowledgment of debt on company letterhead in favor of himself in his personal capacity?
I thank you for your help!



Aug 22, 2022
253
Company's unpaid rent led to a travel ban on a former manager. What to do?



2
Q: Dear Sir/Madam,
I was a manager in my previous company, and my name was on the trade license. I was not aware that my employer/company had not paid the shop rent of 117,000 AED.
I finished my contract with them on February 18, 2023, and started a new job on March 18, 2023.
Last week, I was at the airport to travel when I was stopped and told that I had a travel ban from the Dubai Land Department.
Can anyone help me with how I can clear my name?
I do not know what is going on, how it happened, or what I need to do to clear my name. I am no longer part of that company.




May 29, 2023
141
How do I resign as the general manager of a Dubai contracting company?




1
Q: Dear Sir/Madam,
I am working as a general manager in a contracting company in Dubai, and my name is on the trade license.
I want to leave the company now.
Please advise!





Jul 9, 2024
153
Legal blog
2 available 2 • View allWhat 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
5885
Legal Aspects of Company Incorporations in the UAE 5
Sometimes this seems very simple to incorporate a company in the UAE, however, investors must seek professional advice before taking this important business decision to avoid any future legal implications.
Nov 1, 2016
3641
Laws & Regulations
1 available 1 • View allFederal 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
29527

Other answers by
157 157 answers •
View allكيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟ 0
كيف يمكن لشركة ذات مسؤولية محدودة أن تعلن إفلاسها؟
Feb 3, 2022
1719
Can the new owner of an apartment increase my rent if it is against RERA Index? 0
Hi
I'm a tenant of an apartment and a new owner has purchased the apartment. I would like to know:
1. Should I revise the Ejari by canceling the previous one and applying for a new one?
2. My current rent is 35% less than the current market value. Can the new owner change the rent as per the market value, or he still has to follow the RERA Index calculator for a new contract?
Nov 19, 2023
108
I agreed with my landlord to increase the rent 10% I pay in cash. Should I insist on changing the contract? 0
I'm staying in JLT in a house with a rent of AED 140,000 per year. The lease starts on 1st Sep '23 and expires on 31st Aug '24.
The landlord sent me a legal notice from the Dubai Courts in mid-Sep '23, giving me 1-year notice to vacate the house as he plans to sell the house. The notice was received by me through email from the court.
He claims the email notice sent by the court is not valid till I receive it by courier via Aramex for my physical signature. Can you please confirm if this is true?
The landlord is now ready to let me stay in this house for two more years. He has proposed that we maintain the existing lease agreement and Ejari. However, I should pay him AED 14,000 in cash (10% increment).
We will sign a separate paper document wherein we will agree that I will further rent increase of 10% (10% on (140,000+14,000)) on 1st Sep'24 when my current lease expires.
Should I insist on making a fresh written contract with the higher rent (140,000+14,000=154,000)?
Nov 18, 2023
134
Is it possible to terminate a labor contract before the end of the two-year term? 0
Hello.
I have been with my employer for 15 months, and my employment contract is for two years.
Is it possible to terminate the contract before the end of the two-year term?
Nov 24, 2023
122
I have signed Form F and got the mortgage but the seller is in breach. What to do? 0
Hi
I have signed the MOU Form F since July 2023 and we prepared all the papers and the loan from my end on 23/8/2023.
When I went to DLD for the transfer, the seller had registration issues and asked for some papers to be provided as the property is under the company not an individual.
Since that time, we have kept renewing the MOU every month in the hope of finalizing but I am not seeing any progress.
So I am asking about legal action as I already got a bank mortgage and started paying as well but not seeing any progress from the seller.
So I need to ask the following:
1. If my MOU expired on 20.11.2023, can I file a complaint on 20 or after a couple of days like 23?
2. What will happen in terms of 10%? Will it be returned and what about the fees paid to the bank like mortgage fees, evaluation, and cancellation of loan? Will the EMI payment be compensated by the seller?
3. What is your advice?
Thanks
Nov 16, 2023
889
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