Q: How to know what happens when an owner of a limited liability company passes away, and how would the company be liquidated?

Q: I did partnership in LLC business with one Indian last year. Recently I asked him to return my investment as he was not giving any reward of my investment. He agreed to return it. But now he is absconding because he owes some amount to an old partner who filed a police case against him. What should I do now to protect my investment or to avoid further loss? My 2nd question is: which percentage of shares will apply in case of loss? Trade license shows 15% my shares.

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?

Q: Hi Rajasree, 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.  

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؟

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?

For entrepreneurs seeking to set up their business in the mainland jurisdiction of the UAE, this is a useful guide to know your rights and obligations.

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.

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.