Questions & Answers
Questions & Answers
4 available 4 • View allPreparing legal defense for a case between company partners


1
Q: My 50% partner registered a commercial case against me. During the case, the court ordered our company to be added as a litigant "ًخصماً مدخلا".
Q1: Is the company a Plaintiff or a Defendant? Can the company make new pleas as Plaintiff and the court is bound to answer the questions?
Q2: Who represents the company in the case? Both partners are 50% partners and both are managers of the company. What happens if one partner puts in a claim on behalf of the company and another partner puts in a completely opposing claim on behalf of the company?
Q3: What happens if I put in a petition on behalf of the company, to drop the case which my other partner started against me?
Q4: Can I go to court and submit two memos, one from me and one from my company?



Apr 19, 2020
523
The way to claim company shares from partner after breaking partnership
1
Q: With an equal partnership in a company, my silent partner (Sole Investor) wants to part way. With all the financial authority (i.e. Bank account) he has transferred all money into his account before resolution.
Even I accepted all his demands, he has not come up to transfer the share to me with lame excuses for 4 months that he is BUSY.
What lies now with me as the company has been dysfunctional with no acceptance of orders for 4 months. He has put the cut-off date 4 months before. In this scenario, he is also demanding goodwill.
I want to find out how to know what is the right amount of goodwill for a small trading company and how to bring him to sign the transfer of share in my name.
Your advice in the right direction would be very much appreciated.

Jan 19, 2021
407
Suing a partner for mismanagement of funds and causing losses
3
Q: I'm a partner in a company.
My partner who is also a manager ruined the company. There's a big load of debts in the market which also crossed the capital.
Is there any way, according to the law, by which I can sue him for mismanagement of funds and get my investment back?
If the capital is gone and further losses are more than the capital, what are my legal rights in this situation?

Jul 2, 2020
1387
Rights of a 50% partner when managing partner withholds financial information


1
Q: Dear Sir/Madam,
I am a 50% partner in a civil company and my partner is the managing partner.
I live abroad in Europe and the managing partner is not providing 6 months of interim accounts, invoices proof, expenses, and sales generated upon my requests.
Although this request is not part of any agreement, the refusal on my partner's behalf raises further concerns due to funding a business that is making losses and I am solely funding the business.
What are my rights? And what action can I take to get the necessary information?



Mar 17, 2023
133
Legal blog
1 available 1 • View allBusiness Contracts Faux Pas: Something Companies Inadvertently Do 12
The gaffe that most corporates indulge in is drafting important documents with major consequences themselves, by allotting the task to any distinguished practitioner within the organization, who may be an expert in some other field, only to cut down legal costs or some other reason known to them. Minor squabbles between human beings are but inevitable. Thereby drawing up intention between the parties clearly by way of agreements, and in writing, whilst in commercial trading is a prerequisite.
Mar 26, 2020
1893
Laws & Regulations
2 available 2 • 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
29596
Federal Law No. (10) of 1992 On Evidence in Civil and Commercial Transactions 14
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.
Jan 15, 1992
19140

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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:
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I was married in Abu Dhabi last year at the family court, is my marriage certificate valid in the US? 0
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How is the probation period calculated exactly from the date of signing the contract? 0
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Can we legally claim unpaid dues for food supplies based on emails and invoices? 0
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Can the authorities allow me to leave the UAE on my own after completing my imprisonment? 0
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Is it possible to pay a fine instead of serving 1 month imprisonment and still face deportation? 0
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