Questions & Answers
Questions & Answers
3 available 3 • View allHow can the investor void the contract If the developer fails to give a disclosure statement?
1
Q: Is it possible to void SPA for an off-plan apartment under Direction for General Regulation concerning Jointly Owned Properties 2010?
According to Article 4 (1) of Direction for General Regulation concerning Jointly Owned Properties 2010, before a Consumer signs a contract to buy a unit in a project under construction from a Developer, the Developer must give to the Consumer a disclosure statement.
According to Article 5 (1) of the said Direction, “If a Developer fails to give a statement under subclause (1) of article (4), then the contract in respect of which the statement should have been given is void and of no effect”.
1. Does this work in practice?
2. Assuming that the Developer failed to provide the Disclosure Statement as per Article 4 (1) of the Direction, how can the investor void the contract as per Article 5 (1) of the Direction?
Thank you!

Feb 9, 2021
424
Signing an agreement to confirm investment until the company license is issued



1
Q: Dear Sir/Madam,
I'm in the process of setting up a company, and I have an investor who will fund it. Until the company is officially formed, can I sign an agreement between myself and him as individuals to confirm his investment?
This agreement would later be replaced (rendered void) by another one between the company and the investor once the license is issued.
If this is possible, what is the correct format for such an agreement?




Dec 13, 2023
133
The required agreement when investing money in a company
2
Q: I have been asked to invest money with a company to purchase goods, and then the profits from the sales will be split.
I want though to have an agreement in place that covers both parties as well as ensures all legal steps required are covered.
Money invested will be transferred by the banking system, and initial investment and profits from the sale will then be transferred using the banking system.
What is the right agreement, what will it look like, and how will I go about organizing the same?

Mar 25, 2021
318
Legal blog
2 available 2 • View allLegal Aspects of Company Incorporations in the UAE 5
Sometimes this seems very simple to incorporate a company in the UAE, however, investors must seek professional advice before taking this important business decision to avoid any future legal implications.
Nov 1, 2016
3644
100% Foreign Ownership of Companies in the UAE 12
The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by the competent authorities. This means that foreign investors’ shares will not be limited anymore to a maximum of 49% like before, but can be up to 100% instead.
Jun 13, 2021
3111
Laws & Regulations
3 available 3 • View allFederal 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
29529
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
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.
Sep 7, 1993
33011
Federal Law No. (4) of 2002 On the Incrimination of Money Laundering 1
The law defines the crimes related to money laundering, commitments and the jurisdictions of the governmental authorities, and the sanctions against perpetrators of money laundering.
Jan 22, 2002
1798

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1585 1585 answers •
View allCan a Pakistani expat register a second marriage in the UAE without disclosing the first? 0
Hello,
I want to know the UAE rules regarding second marriage for expats. I am a Pakistani national and already have a wife back in my home country.
Now, I want to do a second marriage in the UAE with a Moroccan girl. Can you please let me know the procedure involved?
Can I get my marriage registered in the UAE? Is it mandatory to disclose the first marriage? I am on an employment visa in Dubai.
Apr 7, 2025
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Missing business partner since 2003. What to do about his share in the LLC? 0
Hello,
I am a manager of an LLC company with 25% share. In February 2003, a partner joined the company with a 25% share.
After two months, he didn’t like the company and left. After two years, we did not know where he was. We just heard that he left to Tunisia before his visa expired.
What to do with his 25% share, please?
Apr 7, 2025
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I got a work permit and entry from a Dubai employer for work. What documents do I need to carry? 0
I got a work permit and entry from a Dubai employer for work.
During the travel to Dubai, do I need to show any accommodation proof, return ticket, or anything?
What documents do I need to carry?
Apr 14, 2025
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My company has filed a case against a client for failure to pay and bounced cheque. How to follow up? 0
Hello.
My company has filed a case against a client for failure to pay and a bounced cheque. The client's company is registered as a virtual office in the Creative City Free Zone in Fujairah, so our case is filed there.
The client basically purchased some equipment from us, and his payment via bank transfer did not go through and was rejected. Then, when we deposited his security cheque after multiple attempts to contact and no answer, the cheque bounced.
The company is under his wife's name, and we have filed a case on the same.
The court has accepted our application, however, they have instructed the execution bureau to get the Emirates ID of this authorised signatory. The bureau is asking us to get it, and we have no way to do so, unfortunately.
Without the Emirates ID, the court cannot freeze the bank accounts or put a travel ban, etc.
What are our options here?
Apr 14, 2025
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I received a legal notice to pay rent and cleared the amount. Can the landlord ask me to pat late fees penalty? 0
I received a legal notice to pay rent.
I have already cleared the amount specified in the legal notice, but my landlord is now saying that I also need to clear further late fees as per our contract within the legal notice time period.
Is that valid if it is not stated in the notice?
Apr 14, 2025
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Other answers by
207 207 answers •
View allDo I have to pay the value of training to the company in case of terminating the contract? 0
Salam,
My company has filed a complaint against me in MOHRE related to training fees.
This is the clause mentioned in my contract:
"The Second Party shall be obliged to pay back the value of the training (which is estimated at an amount of 10000 AED) when they terminate the employment contract based on their own free will (within One Year) from the date of commencement of their contract, without prejudice to the First Party's legal or contractual obligations. (the amount agreed on for the value of the training period must be commensurate with the employment period of the employee)"
My question is:
1. I served 11 months in the company. Can they demand the full 10,000 or it should be less due to 11 months (as per the last line of the clause)?
2. I didn't even get training from the company. I learned normally by working on projects with seniors. No training session was conducted for me. Should I still have to pay?
My case is in MOHRE.
Thanks
Nov 13, 2024
237
Can I apply for Amnesty 2024 with a bounced cheque and credit card debt? 0
Hi,
Amnesty 2024 has just started, and I really want to apply for it, but I have a company bounced cheque and personal credit card debt.
Is there any solution to avail of the amnesty and legalize my status? If yes, what is the step-by-step procedure?
Thank you to those who can enlighten me on this question, and God bless us all!
Sep 2, 2024
962
How can I resolve a travel ban with an expired passport and a bounced check case? 0
Hello,
I have a civil case for a bounced check and a travel ban. My passport has expired and can only be renewed in my home country.
Due to the travel ban, it is not possible to exit and renew the passport. With an expired passport, I can't work.
What are the options in this situation? Can my wife take this case and start paying in installments so that I can go to renew his passport and come back?
Thank you!
Jun 28, 2024
160
I have an unpaid credit card in the UAE and I will be traveling to Qatar. Will I be arrested? 0
I have an unpaid credit card of approximately AED 45000 in the UAE.
I will be traveling to Qatar due to work.
Will I be arrested in Qatar?
Jun 21, 2024
140
Requesting additional fees due to cheque postponement. What should I do? 0
Good day,
I requested the lessor to divide my upcoming cheque into two payments instead of the full amount on the 1st of December. I paid 50% on 1st December, and the second payment was scheduled for 30th December.
However, they considered it as a cheque postponement and asked for an additional fee.
Upon reviewing the contract, I found point number 8 states that a cheque postponement request will be subject to management approval, and it doesn't mention any extra fees—just approval.
Is this normal, and should I pay for it, or not?
Please help!
Dec 19, 2023
184
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