Questions & Answers
Liquidation of a company for maneuvering of the managing partner
My name is W. S., I am a partner in a hospitality services company with 33% in Dubai.
By delaying the operation, The managing partner is exhausting the capital of the company and driving the company to bankruptcy aiming to take it for himself.
I sent him a timely legal notice to close the company and he did not react. I would like to know the cost of placing a lawsuit for “liquidation, compensation and refund of the paid amount in the company capital plus the interest“ against him along with the lawyer professional fees for this matter.
I would like to be connected with a lawyer who is experienced in similar cases and who can handle this case.
Peace, Mercy and Blessings of God may be upon you,
Dear Mr Shmaitilly,
I understand that you want to know about the cost involved in the process of liquidation or dissolution and you want to prevent your partner to drag your company into bankruptcy.
I would highly suggest you bring all the documents such as the initial partnership agreement, Memorandum of Association, bank statements, audit reports, asset management report and all the other related documents to our office so that we can asses in detail what exactly are the ground realities.
I hope you understand there are many factors which are consequential to understand before providing you with any advice.
We would love to arrange this meeting at your convenience.
Best regards,
Khubaib Bin Naeem
