ما الذي يجب القيام به عند تأخر الشريك في دفع حصته؟

Dear questioner,

Hold a board of directors meeting for the company.

To help, contact us by phone.

Good Day,

The right way to move forward with this will be an attempt to settle the matter with the other party. Based on more details of the case we at vnz legal can assist you.

For further information, kindly contact me through email.

Thank you

Hello,

As a shareholder and director of the company, you have certain rights under your company's AOA and if anything contrary happens to it, you have the right to take legal action.

In the instant case, if the agreement mentions an initial capital amount, then it has to be settled without any delay.

Further, if such a delay has resulted in any financial turmoil for your company, you can initiate legal actions against your partner to the extent he is liable.

If you need legal representation for the same, call me.

Thank you!

Dear Questioner,

1. What legal step can I take to take him out of the company and seek compensation for the mess he made with the company?

- You can file a case to ask for the capital amount that he didn't pay and the compensation for any confirmed losses which may happen to your company.

2. Will it be better for me to file for bankruptcy or to fight legal action against him?

- You are not advised to file bankruptcy because your matter is not related to bankruptcy.

For more information, you can email me or WhatsApp me.

Dear Client

Thanks for your query.

I am happy to assist you with this case.

You can file a legal civil commercial case in Sharjah court..

If you want, we can help you to file the case and follow the legal procedures on your behalf.

You can contact my team member or send us an email.