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Dubai, UAE

How to claim the profits of an investment in a company after stopping payments?

I have invested in a company for lucrative profit returns in 6 months documented in Dubai courts agreement plus a contract from the company.

The company contract has weekly profit for an amount of 6 months. I have 4 contracts that end each in 6 months. The 1st contract ended in June, 2nd will end in July, 3rd in Aug, and 4th in Sep 2021.

I did receive weekly profits delayed by ±4 days into my account, however, since the 3rd week of April, I have stopped receiving the profit from the company and CEO in charge of the deal.

I have tried to communicate with the company and the CEO but all I get is a message saying 'you will receive the amount his week'. No amount received and I have a substantial backlog.

Due to this improper communication and dealing, I would like to know the course I should take to recover my investments.

Appreciate the advice to move forward.

MIO Law Firm (Abu Baker Salem Advocates & Legal Consultants)
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22 Jun 2021, 13:21

Hello,

As per your query, please note that the best way to get the return on your investment is to file a claim suit against the company.

However, since there is still time left, so you can provide legal notice to them. Also, it depends on the terms of the contract which you have signed.

Please call or email us.

Aceptive Legal Consultants
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22 Jun 2021, 16:56

Dear Questioner,

We need to review the agreement/contract in order to assist you properly.

Further, you can open a civil case in order to recover your investments.

Kindly contact us directly on the phone or by email for a detailed discussion.

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Colin Biggers & Paisley Lawyers (Middle East)
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23 Jun 2021, 09:59

Dear Questioner,

The best course of action would be to send them a legal notice and proceed with filing a Civil Case for the recovery of your investment.

We would need to review your contract with them and understand the facts in detail to provide you with appropriate legal advice.

You can call us on our phone for an initial discussion.

Regards.

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