Questions & Answers
Paid for business costs to be a partner, now ignored. How to reclaim my money?
Hello,
I met someone who needed financing for the business and offered me a business partnership. We entered into an agreement to add my name to the trade license as a partner, working on a 75/25 ratio.
I incurred various expenses for his office, such as paying past DEWA bills, Chamber of Commerce payments, unpaid chiller bills, internet bills, and phone bills.
All expenses were covered from my bank, and I have all transaction details with bank statements reflecting payments towards his office. I also paid cash salaries for overdue employees.
However, he is not creating a legal agreement with me nor returning my money despite not proceeding with the partnership. I am seeking advice on legal options for such financial fraud.
I have all documents related to him and his company, including bills paid towards his company, as well as screenshots of our conversations where he agreed to make payments but has not followed through.
Kindly help me find a suitable way to tackle this situation where my funds are stuck.
Dear Client,
Thanks for your question! I hope you are doing well. I will assist you in this matter.
If you suspect financial fraud in a business partnership in the UAE and have evidence of expenses and agreements, consult with us to assess your case.
Attempt amicable resolution through negotiation or mediation. If that fails, file a formal legal complaint for breach of contract and fraud.
Ensure you have all relevant documents and evidence. You may seek damages for incurred expenses and losses.
Consider reporting the matter to the UAE Ministry of Economy or the Commercial Compliance and Consumer Protection (CCCP) department in Dubai..
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will be happy to help you.
Thanks & Regards,
ABDUL WAHIED
Thank you for reaching out to me with your concerns about the business partnership situation you find yourself in.
I understand the gravity of the matter, and I'm here to provide you with guidance on the potential legal options available.
Based on the information you've shared, it appears that you have a strong case given the documentation you have, including bank statements, receipts, and communication records.
To address the issue of your funds being stuck and the lack of progress in formalizing the partnership, you may consider the following steps:
- Consultation and Documentation Review:
I recommend scheduling a consultation to thoroughly review all the documents you have gathered. This will enable me to better understand the specifics of your case and provide you with tailored legal advice.
- Legal Notice:
Sending a legal notice to your business partner may be the initial step to formally communicate your grievances and intent to pursue legal action if a resolution is not reached promptly. This notice could serve as a catalyst for negotiation.
- Mediation:
Exploring mediation as an alternative dispute resolution method could be beneficial. Mediation aims to facilitate an amicable resolution outside the courtroom and may be a more time-efficient and cost-effective approach.
- Legal Action:
If all else fails, pursuing legal action through the appropriate channels may be necessary. This could involve filing a lawsuit to recover your funds and seeking damages for any financial harm you've suffered.
During our consultation, we can delve into the specifics of your case, discuss the potential legal strategies, and determine the most appropriate course of action based on your unique situation.
Please feel free to contact me at your earliest convenience through WhatsApp or phone to schedule a consultation. I am committed to helping you navigate through this situation and achieve a favorable resolution.
