Questions & Answers
Questions & Answers
4 available 4 • 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
542
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
1645
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
2264
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
390
Legal blog
2 available 2 • View allBreach 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
1344
The UAE Issues Rules for Full Foreign Ownership of Companies 0
In terms of existing companies which include Emirati partner and its activities have been availed for full ownership by Foreign investors Dubai Department of Economic Development stated that those companies will remain as is without change.
Jun 6, 2021
689
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
29585

Other answers by
Canceling my MoU and getting my deposit back due to a low bank valuation and overpriced property 1
Hi,
I wanted to purchase a 2-bedroom apartment in JVC Dubai. I gave a 10% security deposit cheque to the seller. The price mentioned in the MoU is very high compared to other similar apartments in the same building.
The bank’s valuation also came in very low. Since the valuation is much lower, how can I terminate the MoU and get my cheque back? The MoU ends on 1st October 2024.
One of the articles in the MoU states:
In the event that the Buyer fails to make the payments as agreed or fails to complete the transfer on the agreed date due to his own acts or omissions, the Seller has the right to terminate this agreement and retain the deposit, provided that the termination is due to a violation of the agreed terms, unless both parties agree amicably to different dates.
I need help urgently.
Sep 16, 2024
301
Absent repeatedly due to salary delays. Can the company terminate them without EOSB? 1
Dear Sir/Madam,
There is an employee who has been absent repeatedly. However, the company is not paying salaries on time, with regular delays in salary payments.
Can the company terminate the employee without end-of-service or notice period compensation if the employee cites occasional salary delays as the reason for their absences?
Jun 4, 2024
191
If staff did not come back from vacation, after how long can we terminate him/her? 3
If staff did not come back from vacation, after how long can we terminate him/her?
May 9, 2024
878
I was married in Abu Dhabi last year at the family court, is my marriage certificate valid in the US? 0
I was married in Abu Dhabi last year at the family court, is my marriage certificate valid in the US?
Jan 26, 2024
606
How is the probation period calculated exactly from the date of signing the contract? 0
Regarding the probation period, when is the deadline for an employer to terminate me if the DOJ anniversary is Friday 2nd Feb?
Will the six-month period end at midnight on the 1st, therefore completing six months, or can the employer still terminate on the 2nd?
Appreciate any guidance provided.
Jan 26, 2024
1465

Other answers by
Can you enter Dubai if you leave a GCC country with possible civil and criminal cases? 0
Hi Hayyan,
In 2014 I had been to Qatar on a "Work-Business" visa valid for 30 days. Before my visa expiration, I fled from Qatar back to India without informing the sponsor or office management.
After I returned to India, I received an email from HR stating that the Qatari sponsor has filed an absconding case, a civil case, and a criminal case against me with the Ministry of Interior in Qatar.
Now my question is, can I travel to Dubai on a work visa?
Will there be any issue entering Dubai assuming that the Qatari sponsor has filed the said cases against me?
Awaiting your response,
H.
Currently staying in India.
Mar 8, 2022
459
Drafting an agreement between an auto service marketplace and service providers 2
Hi Mohammed,
We are a tech startup creating an auto service and repair marketplace. As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected/booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides. I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Is this something you can work on and have previous experience in?
Dec 6, 2021
396
Help with drafting service provider agreement for marketplace tech startup 1
We are a tech startup creating the first auto/car service and repair marketplace.
As a marketplace, we only facilitate listing and booking the services while the service providers (the workshops) are the service providers and are responsible to deliver and carry the selected /booked job.
We need to draft a marketplace supplier/service provider agreement between us and the workshops outlining the responsibilities and liabilities of both sides.
I would like to work with a law firm that has previous experience in drafting such marketplace-related agreements.
Dec 7, 2021
414
Legal assistance in preparing T&Cs and privacy policy for startups 0
Hi,
I am starting a website that connects freelancers to media professionals and individuals. It will be a marketplace sort of platform.
Where can I find a legal advisor to help with the terms and conditions and privacy policy for startups?
Thank you for your reply in advance.
N.
Sep 20, 2021
181
Legal requirements for starting a business by a minor 3
Legal requirements for starting a business by a minor in the UAE
I am currently 16 and I’m an Emirati national. I am willing to start my own e-commerce business.
Is it possible to get an e-commerce license even if I am a minor?
Jul 12, 2021
1282
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