Q: We invested in a clinic venture (LLC) as a 25% partner with an investment totalling approx. AED 600k. The starting date of the clinic was supposed to be 31 December 2018 as per the sale and purchase agreement. 9 months have passed, and even the basic inspection to activate the license has not been done. I want to file a case against the original investors whose scope of work includes the activation of the clinic license, as they are currently deceiving me and creating excuses not to start the clinic. They haven't shown till date a breakdown of expenses and where my investment has gone as the condition of the clinic has worsened. Additionally, they are now asking for more money or threatening to close down the clinic as they haven't paid the rent for 5 months and have informed me only this week. Kindly help me in this case. What can I do?

Q: Can you help, please? I live in the UK. A £125k debenture that I had with a Family Office based in Dubai was not repaid to me on the due date of 31 July 2019. After numerous broken promises to repay my capital, I eventually signed a Settlement Agreement providing repayment over 10 months commencing in January 2020. The first payment was not made on the due date and the Family Office blamed the banking system. The payment eventually arrived today, some 10 days after the due date. I am concerned that the Settlement Agreement has already been broken, and that I may experience problems with future payments. I believe that as the Settlement Agreement has been broken, I may be able to recover the full outstanding amount of £120k. Can you assist me, please?

Q: Before 2 years, I gave a loan to the owner of an advertising company. He was getting an order of advertising on a 2-3 month credit basis. However, he did not have the cash amount to pay the suppliers; hence, I gave him a loan against a share of transaction profit. Against my cash cheque, he was giving me 2-3 month post-dated cheque for the amount value of cash paid + the profit. Things went well until the very last cheque bounced with an amount value of AED 80,000. Further, I gave the same owner but under a different company (gym business) AED 100,000 to purchase new gym equipment. He gives me rent of 3K per month until 6 months and after that, he pays me 114K to own the gym equipment. Only 2 x 3K cheque cleared but the rest bounced. Now, I'm left with 80K cheque from the advertising company, 3 x 3K from the gym company, 100K from the gym company, 14K from the gym company. Can I legally proceed and successfully get my money back? What are the procedures and how much will it cost? Thanks

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.

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.

The UAE has had tremendous economic development over the last two decades, which can be attributed to the country’s expanding market and large inflow of investments. The demonstrated level of preparedness and equanimity is evident in the legislative framework, characterized by the ongoing and systematic updates of laws. This proactive approach aims to align the legal landscape with the dynamic trajectory of economic advancement, ensuring continual synchronization with the prevailing progress.

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.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

The provisions of this Decree-Law, known as the "New E-commerce Law", govern E-commerce regulations in the United Arab Emirates. The New E-commerce Law repeals the previous UAE E-commerce Law (Federal Law No. (1) of 2006 Concerning Electronic Transactions & Commerce).

Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services