ADCC 553/2024
Type
Case
Court
Abu Dhabi Court of Cassation - Commercial
Jurisdiction
Abu Dhabi, United Arab Emirates
Taxonomy
Partnership & Limited Partnership, Litigation Procedure & Practice, Breach, Discharge & Rescission of Contract, Share Schemes
Copyright
SADER
Decision date
13 Jun 2024
Catchwords
Validity - Enforceability - Company - Shares - Contract Dispute - Non-Retroactivity of Laws - - Foreign Ownership - Register
This case involved a contract dispute over the validity and enforceability of an agreement to assign partnership shares in a limited liability company. Key issues included retrospective application of laws as the companies law had changed and inclusion of changes in the company register.