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Dubai, UAE

Legal authorities of company partners in the absence of one partner

We have a restaurant partnership in Deira, Dubai. My share is 16%, the second partner's share is 21% and the third partner's share is 12%.

I have not applied for the Emirates ID, I am currently in Pakistan. Can my partners sell or lease that restaurant without my permission?

Regards

AWS Legal Consultancy
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7 Nov 2018, 14:40

Dear Sir/Ma'am,

Trust you are doing well.

Further to your enquiry, kindly be informed that the remaining shareholders can't sell their shares in the company without first offering you the same.

In regards to the lease of the restaurant, please be informed that we have to look into the corporate documents of the company which are Memorandum of Association, shareholder's agreement entered into between the parties and the powers granted to the manager (if appointed).

If anything is done in contrary to the agreed terms, the same can be objected in the court of law.

Before providing you with any possible advice, please provide us with the above-mentioned documents. After receiving all the above, we shall be reviewing the same and shall provide you with our opinion.

For confidentiality, kindly provide us with the above-mentioned documents at info@awsuwaidi-advocates.com or you can call us at 045547635.

You also have an option to meet us at our office in order to take a preliminary consultation on the same. For this, please call us in order to book an appointment.

We look forward to hearing from you soon.

Best regards,

Aws M. Younis

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