Questions & Answers
How to take legal action against a partner who misused a POA and took over the business?
Asalamu Alaikum,
I have a question about one partner who took over all the business and blamed the main partner of the business who started this business with his investment.
The partner lied and used a fake signature to trap him. He threatened him with jail. The main partner gave him a power of attorney in his absence.
But he needs to use it with the approval of his main partner. He has purposefully kept his company in the red for the last eight months.
We need legal assistance in this case to get out of this situation.
In a situation where one partner has allegedly engaged in misconduct, consult us. Have all relevant contracts and documents reviewed, document interactions, and consider alternative dispute resolution methods.
We can guide you in filing a complaint, protecting your financial interests, and negotiating a settlement.
Ensure all actions comply with UAE laws and regulations and seek legal remedies as appropriate to address the alleged misconduct and protect your interests.
