Questions & Answers
Questions & Answers
9 available 9 • View allHolding profits for inherited shares of the father in a company
1
Q: Hi Hari
My name is Ahmed A., I reside in Canada with my family.
8 years ago, my father passed away in Dubai. He has an Auto garage with shares with a local partner and my two uncles, with my father and the local partner having the majority of share at 24% and 51%.
Soon after my dad passed away, we got our inheritance papers made at Dubai Courts. It's been 8 years since we got even a penny from my uncles. Now, they are pushing us to sell our shares below the market value.
They are being very hostile towards us, threatening us if we do not sell, they can have the trade license terminated. I am a Chef here in Kingston, Ontario.
It is very hard for me to drop everything and chase matters in Dubai. Please advise if the threats are true and I should sell my shares.
If you can email, it will be greatly helpful.
Thank you
Ahmed A.

Feb 12, 2019
488
What happens if an LLC partner passed away
12
Q: How to know what happens when an owner of a limited liability company passes away, and how would the company be liquidated?

Apr 7, 2018
11554
Recovery of investments with companies after defaulting on obligations
2
Q: I have been given some investments in a few companies with a contract on a fixed agreed profit. Now, they default on the agreed profit and even delayed paying back of capital.
What procedure do we have to follow to recover our investments?

Aug 11, 2018
769
Selling assets of a deceased without consent of the other successors
0
Q: Dear Sir
I am the second wife of my husband with a daughter of 8 years. My husband died on 20th Jan 2019. Now the 1st wife is selling all his property in Dubai without informing us.
I am jobless. No money to go to court. kindly give suggestion.

May 5, 2019
474
الإجراءات المطلوبة لبيع عقار بعد وفاة الشريك خارج البلاد



0
س: السلام عليكم..
أمتلك عقار في دبي وقد تُوفي أخي شريكي في العقار وهو خارج الدولة ولديه أبناء.
ما الإجراءات المطلوبة لبيع العقار في دائرة الأراضي؟




Apr 16, 2020
709
The legal status of a company after one partner passes away



0
Q: Hello,
I have a company which I am running for 30 years and it is not LLC. It is 100% on the sponsor's name and he was not keeping well.
Unfortunately, he is no longer with us. Can his children tell us to leave?
Could you guide me, please?




Apr 22, 2020
632
موقف الحساب البنكي لشركة ذات مسؤولية محدودة في حالة وفاة المدير
4
س: في حالة وفاة المدير، هل يوقف حساب الشركة ذات المسؤولية المحدودة في البنك لحين حصر إرث المدير المتوفَى أم أن هذا الحساب ليس له علاقة بحساب المدير الشخصي ويستمر حساب الشركة لتسيير أمور المتعاملين اليومية؟

Dec 31, 2020
941
How to change the company status when the Emirati partner passes away?
0
Q: Our local Emirati partner who owns 51% passed away 2 years back.
He didn't invest any money however we pay every year sponsoring fees.
How to get rid of this issue?

Feb 10, 2022
259
My father was partner in a company in Abu Dhabi and passed away. How to transfer his shares?



2
Q: Hi,
My father owned a company in Abu Dhabi and had some shares there. He passed away in India last year and did not leave a will.
My mother and I are Singaporeans. We want to transfer his company shares to someone else.
May I know what is the exact legal procedure, please?
Do we need to get the Death Certificate attested?
What documents will we need to produce?
Do we need to obtain a Letter of Administration in Singapore first before coming to the UAE?
Thank you so much for your kind advice.




Apr 29, 2023
172
Laws & Regulations
2 available 2 • 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
29527
Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.
Dec 15, 1985
148361

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My previous employer failed to pay my gratuity. Can I file a case 6 months after resignation? 0
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Can a real estate agency hold a percentage of a property sale until transfer is done? 0
A real estate agency has signed an MOU stating that a 10% security deposit from the buyer and the seller will be kept in the real estate agency and will be released upon transferring the property.
The transfer of the property was blocked due to the court order.
According to my colleagues, the real estate agency is not a trustee and they are not allowed to have taken my security check in the first place, is this correct?
Jun 28, 2021
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