Questions & Answers
Holding company partners liable for their part of its debts
Hi Mr Younis,
I require help to sort out my father's legal issues pertaining to a company he had.
There are dues with a bank in the UAE and his partner who was also a signatory on the cheques has managed to remove his cases and has left my father to deal with the liabilities albeit he was the one who misused the company funds.
I have two questions:
1) How can someone who was a partner of a company absolve themselves of al legal recourse albeit their signature is on all bounced cheques?
2) Would your law firm be able to help with getting the cases resolved and getting my father's business partner take the responsibility for his share of the liabilities?
Thank you
I hope you are doing well.
With reference to your question, please be advised that in order to provide an exact opinion on the matter, I need to review the company's documents and the agreement entered into between your father and his partner and details of the above transaction.
Upon reviewing the same, I will provide you with my opinion on how it can be resolved.
For confidentiality, kindly email me the documents at aws@awsuwaidi-advocates.com or info@awsuwaidi-advocates.com
Look forward to hearing from you.
Do have a good day.
Regards,
Aws M. Younis
