Q: 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.

Q: I invested a total of 35,000 Dhs in a company last July which promised to return my money in double amount after 3 months. October came but the company did not give me back my money + the promised gain. Instead, I was asked to reset my investment and wait again for another 6 months. Their reason is that the mother company closed so they had to rename the company and start all over again. They let me sign a contract but did not want to give me a copy. Is it necessary for me to get a copy of the contract? How can I compel them to give me a copy? Is the contract already legally binding once I signed but not signed by them? Is it possible for me to withdraw my investment now because I do not want to wait for another 6 months?

Q: I have invested in a company, which they promise to pay me 20% return in March 2015. They paid my returns for about 2 years, though most of the times it was delayed. They stopped paying me almost a year ago and have not paid a single Dirham since then. The company seems to be a fraud because the other investors with whom I am in contact with faced the same issue and their payments are stopped for one year. I am seeking legal advice on how I can recover my money from them.

Q: Dear Sir/Madam, An investment company in Dubai has consistently been late with almost every payment of interest due every six months. They do not acknowledge that the payment is late, even though the certificate states that it will be paid on 10 May and 10 Nov each year from 2020 to 2025. The longest delay so far has been 26 days, with only one payment being 2 days early. They do not answer my calls or messages. The payment due on 10 Nov this year is still awaited as of 26 Nov. What can I do?

Q: There is a company in UAE dealing in assured monthly returns, and fixed interest. They format a proper contract and give security cheques for principal and interest amounts. My contract is finished and I am asking for the principal maturity amount. The company is giving new dates every time and not releasing the maturity amount. Should I deposit the security cheque? What will happen if the security cheque bounces? How to legally deal in such a scenario.

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.

An interview-format article covering the topic of the amendments to the company law in the UAE. This is from the legal podcast of lawyer Ludmila Yamalova, the founder of Lawgical with LYLAW.

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 On Evidence in Civil and Commercial Transactions (Law of Evidence) govern evidence in civil and commercial disputes in the UAE.