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Questions & Answers
3 available 3 • View allResolving dispute between company partners and accusation of fraud




4
Q: We have a partnership owned LLC company in Dubai - 60% shareholder in Qatar, 20% me & 20% another sleeping partner (we both are signatories in Dubai).
Recently, the sleeping partner holding the same share 20% has accused me of fraud in the company. He stopped my monthly remuneration and asked me to give away my phone and car.
Now, he went to telecom and complained about a missing SIM, the number I have been using for more than 5 years.
I have been a working partner for more than 12 years, and now I am suddenly sitting in my office forcefully.
How can this be stopped legally?





Jun 17, 2020
1194
Legal way to resolve legal issues among partners of a company
2
Q: One partner wants to leave the company. What are the options if the other partners are not willing to let him go?
It's a tech company and the partner in question is the CTO, without him, the company will almost certainly fail. There are accumulated operational losses to the tune of AED 4 million. It's a Dubai Mainland LLC.
The second partner is a Dubai company who acts as a collaborator in some of our projects. We recently found out that the GM and a couple of top managers in that company are building a clone of our most promising product.
We can prove it too. Both the teams happened to bid for the same opportunity and the customer realized both are exactly the same product and informed us.
Is this enough legal grounds to demand release from the partnership?

Jun 13, 2020
736
مطالبة الشريك المخوَّل بالمستحقات بعد إغلاق الشركة وانتهاء رخصتها
1
س: السلام عليكم،
لدي تعامل تجاري مع شركة الشكل القانوني لها شركة توصية ولدي منها شيكات. الشركة حاليًا مغلقة ورخصتها منتهية ولكن الشريك المخوَّل والموقِّع على الشيكات لا يزال موجودًا ولديه أعمال غير مرتبطة بالشركة.
هل يمكن مطالبته بشكل شخصي أم أن المطالبة خاصة بالشركة كون الشيكات صادرة من شركة التوصية والتي كان شريكًا بها؟

Jan 9, 2022
171
Legal blog
2 available 2 • View allWhat Can I Do If I Have a Dispute With My Joint Shareholder? 5
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.
Mar 24, 2020
5977
What You Must Know about Company Liquidation in the UAE 15
Companies can be wound up by Voluntary Liquidation. This shall proceed as initiated by shareholders or creditors of a company by passing a valid shareholder’s resolution. When a company’s financial mechanism fails, and the company is in financial distress and/ or becomes insolvent whereby it is unable to pay off its debts, the company may file a petition for winding up to the court.
Mar 18, 2020
7375
Laws & Regulations
3 available 3 • View allFederal Law No. (3) of 1987 Promulgating the Penal Code 29
This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.
Dec 8, 1987
48015
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
19161
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
29621

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