News & Articles
PARTNER AND MANAGER
RESPONSIBILITIES IN LIMITED LIABILITY
COMPANIES
The Common Error of some investors regarding the termination of the company without any Legal Liabilities
Accordingly, the partners are not responsible for the company’s obligations except for the shares they have therein regardless of their own money and without any joint liability. This is because the financial liability of the company is separated from that of each partner. Hence, the creditors of the company may
Read MoreResponsibility of partner and manager in limited liability companies
The financial entity of the company is separate from the financial entity of its partners. Therefore, it is not allowed for any of the company’s creditors to make any claims from the partners. It is established in the verdicts of the UAE courts, according to article 218 of the UAE
Read MoreGolden rules for an investor to follow prior establishing a company in the UAE
Most of the investors while setting up for a business in UAE their main concern is the income and expenses without being familiar with the culture of the Country or City such as customs, traditions and the applicable Laws and Regulations of UAE. Therefore, the first rule, it is mandatory
Read MoreExtradition of Criminals
International judicial cooperation is one of the most important aspects of cooperation between countries for crime fighting. There is exigent need to fighting the crime and protecting the society structure, in addition to punishment and chasing the criminal wherever he travels, in order not to avoid the punishment. A criminal
Read MoreEnforcement Of Foreign Judgments In The UAE
So, it becomes effectively enforceable at that country as it is enforced in the country where the judgment is rendered. The rule in the UAE is that foreign judgments are not enforced in the country by the force of law. However, when trading relations grew on a large scale among
Read MoreArbitration and Misconception
Merchants and investors may resort to arbitration due to the element of secrecy that surrounds the whole process. Arbitration also saves time and spares effort and money. For this reason, some investors and jurists in some private companies, when drafting contracts between the company and its clients regardless of the
Read More10 Mistakes Committed By The Buyer Of The Property In Dubai
After the real estate registry regulation law No.13 of 2008 issuance by the Dubai land department, the process of buying real estate becomes more regulated, especially off-plan purchases. Since 2008 there are many numbers of real estate projects in Dubai that have been announced. In addition to entered many new
Read MoreA verdict issued from Court of Cassation obligating a bank to pay an amount of AED 5 million to our client due to the bank’s negligence
Abdelaziz Alhanaee Law Firm has successfully obtained a unique and rare verdict issued from Abu Dhabi Courts concerning a commercial case to oblige a bank to retrieve an amount of 5 million AED inclusive 5% legal interest to one of our international clients. The dispute has occurred between the bank
Read MoreCASE OF THE MONTH
In February 2020, a criminal case was filed in regards to the supply of cars from our Client. The Claimant filed with the accusation of approximately 236 vehicles missing from the shipment on arrival. The claim was filed as “Breach of Trust” with an amount totaling AED 180 million. The
Read MoreCASE OF THE MONTH February 2022
After continuing more than two years, we have succeeded to get an Arbitration Award from DIAC for one of the important construction companies in the UAE, amounting to AED 50 Million. And in December 2021, we obtained a ratification judgment on the arbitration award from Dubai Court. After that, the
Read MoreThe Significance of Bankruptcy and Insolvency for Businessmen and Companies in the UAE: Ensuring Economic Sustainability
This essay aims to explore the importance of bankruptcy and insolvency regulations for businessmen and companies in the United Arab Emirates (UAE) and its role in sustaining the UAE's economic prosperity. By providing a comprehensive analysis of the bankruptcy and insolvency framework in the UAE, this research thesis highlights the
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