Questions & Answers
Questions & Answers
3 available 3 • View allHow to transfer the powers of company CEO with banks and authorities after death?

0
Q: Our CEO died recently. How will be the procedure for all bank-related issues like signatures, access... etc?
Thank you


Jun 30, 2021
268
The status of company shares after the death of the only owner

5
Q: What will happen to shares of a company after the only owner passes away?
It is a sole establishment.


Aug 5, 2020
1625
The impact of individual owner's death on company operations
0
Q: Hi,
I am starting an accounting and bookkeeping company in Dubai as a professional license.
I would like to understand the impact that will be on the company if I die as the individual owner of the company.
Alternatively, I could register the company to include a 10% partner with me. So please advise what will be the impact on the company in case I or my partner died.
Kindly note that my question is about the impact of my death on my company, not about my estate. I want to know if the company's operations will be impacted and if yes, then how can that be protected?

Aug 26, 2020
430
Legal blog
3 available 3 • View allSecuring Your Assets in the UAE by Registering Your Will 14
Do you have assets in the UAE? Have you made a will yet? It is highly recommended to register a will soon, otherwise, the drive to asset disbursement can be extensive and expensive. In addition to the option of registering a will in DIFC for Non-Muslim will registration, Abu Dhabi Judicial Department (ADJD) had also introduced a separate office since August 2017, which has made the entire will registration process easier and cost-effective.
Dec 16, 2018
4348
Why You Need a Will in the UAE? 4
The United Arab Emirates is a Sharia-Law country with respect to personal status and inheritance. In accordance with the UAE legislation, the UAE Courts will adhere to Sharia Law in a situation where there is no proper Will in place.
Feb 28, 2017
4903
Navigating Inheritance Law in the UAE: Comprehensive Guide for Legal Heirs 4
Inheritance matters can be intricate, especially in a jurisdiction like the United Arab Emirates (UAE), where local laws and international considerations intersect. Understanding the procedures to obtain a succession certificate or legal heir certificate is crucial for the rightful distribution of a deceased's assets.
Nov 18, 2024
264
Laws & Regulations
2 available 2 • View allFederal Law No. (28) of 2005 On Personal Status 24
UAE Personal Status Law (also known as Personal Affairs Law) governs marriage, divorce, inheritance and other personal affairs in the United Arab Emirates. The law equally applies to citizens of the UAE and non-citizens unless one of them asks for the application of his home country law.
Nov 19, 2005
49088
Federal 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
29545

Premium
Other answers by
3199 3199 answers •
View allWhat can I do in case of odometer tampering, false ownership information, and a flood-damaged vehicle? 0
What can I do in case of odometer tampering, false ownership information, and a flood-damaged vehicle?
What is the procedure for filing a fraud complaint about these issues?
Mar 21, 2025
68
Is the compensation for notice period deducted on the basis of full salary or basic salary? 0
Hello,
I understand that if anyone wishes to resign without serving their full notice period, they are supposed to compensate the employer for the remaining time that they didn't serve the notice, also known as "notice Compensation".
Is this notice compensation deducted based on the full salary or on the basic salary?
Mar 21, 2025
72
Can a registered company work with a freelancer who does not have a freelancer permit? 0
Hello,
Can a registered company work with a freelancer who does not have a freelancer permit?
At the same time, they are employed by another company.
Mar 21, 2025
59
Can I hold the delivery of goods to a buyer outside the UAE if he defaulted on payment? 0
I, as a UAE-based Seller, entered a sales agreement with a KSA-based Buyer. The Buyer defaulted on the LC payment, breaching the contract.
The goods are stuck at the port as they need original documents, which I am holding to recover the outstanding balance.
They later made a partial payment but now threaten to cash the PBG (UAE bank) I provided if don't release the document.
The contract mandates DIAC arbitration but lacks a governing law clause. I need advice on:
1. Which law applies to this dispute?
2. Where can I seek an injunction to prevent PBG encashment, given the Buyer’s bad faith and breach? Or should I send a letter to their bank with the brief above?
Kindly advise.
Mar 21, 2025
49
Does unpaid leave include weekends if they fall within the leave period? 0
Hello,
If I take unpaid leave and a weekend falls in between, will the weekend also be counted as unpaid leave, meaning I will not receive a salary for those weekend days?
Thank you!
Mar 23, 2025
84
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