Q: 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

Q: Hi Mr Naser, 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 liabilities? Thank you

Q: Hello, I signed as a guarantor for my brother for a company loan he took, I was a partner. However, my brother has left the country 2 years ago. Now, I have a civil case on me and the court and bank ask me to pay the amount of AED 450,000. Please advise, what happens if I am unable to pay this money?

Q: Hi, I run a trading company and we have 2 partners. My name is also in the license as a partner. 1. If the other partner ran away from the company with money, will I be responsible for the supplier payments & other dues if anything remains on the company because I am the other partner? Will I face legal action if they file a complaint? 2. If the other partner is signing the cheque on behalf of the company, and the cheque bounces for no money, will I be responsible for that because I am also a partner? Can they put a cheque bounce case for me although I didn't sign the cheque?

س: أنا شريك في شركة ذات مسؤولية محدودة والشريك الآخر هو من يدير الشركة حسب عقد التأسيس وأنا أقوم بمساعدته في إدارة الشركة، كما أننا نوقع الشيكات مجتمعين. استولى الشريك الآخر على أموال من الشركة وهرب من الدولة وكان ذلك في 25/1/2018 وتمت إدانته بالسرقة وخيانة الأمانة وحكم بالسجن. وبعدها طلبت من محكمة الأمور المستعجلة أن تأذن لي بإدارة الشركة لإنقاذ وضع الشركة لحين فصل الشريك، وتم الرفض وفرض حارس قضائي على الشركة لحين الفصل أو التصفية وكان ذلك في 25/7/2018. وهذا ما اضطرني أن أدفع من مالي الخاص للخصوم لحين أنني وصلت إلى درجة العجز بالالتزام بسبب الإجراءات القانونية في المحاكم والجهات الحكومية والخاصة الأخرى، لتمكين الحارس القضائي من أداء عمله في الشركة. وقد تم رفع قضية شيكات مرتجعة عدد2 علينا بقيمة إجمالية للشيكين بمبلغ 41000 درهم. وقد حضرت للمحكمة وأعطيت مدة شهر للسداد أو تقديم صحيفة دفاع عن عدم قدرتي على دفع قيمة الشيكين المذكورين آنفاً. فارجوا المساعدة بكتابة صحيفة الدفاع ليتسنى لي تقديمها للمحكمة في تاريخ الجلسة القادمة.

Q: Can I be held financially/legally liable for any actions of my ex-partner after exiting the business by share transfer?

Q: My wife is a partner in a civil company in Dubai. The company has 4 partners; 3 of them are out of the country. The company bought things for AED 50k which was not paid back and now they filed a case. What will be the liability for my wife? she is not the manager of the company. What will be my wife's liability for that company?

Q: Hi, I presently share 50% of a company with my partner (not an LLC). If my partner signs all documents for a bank loan, based on the operational instructions of the bank, is it implied that I am also responsible for this undertaking? If I resign and remove myself from the trade license, am I still liable?

This article intends to give a brief idea of corporate crime, how it happens in the corporate world, the relevance of choosing the right legal action and mechanism.

This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.

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.