DCC 361/2011
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai, United Arab Emirates
Taxonomy
General Company Law & Business Entities, Appeals, Legal, General Succession Law & Estate Planning
Copyright
LexisNexis
Decision date
5 Jun 2012
Catchwords
Limited Liability Company – Partner – Profit – Shareholder – Side Agreement – Company Accounts – Partner Liability – Power of Attorney – Appeal – Lawyer
This case involved a partner in a company who had not been paid their profit. Partners were only entitled to the profit shown in the company accounts but it was not permissible to delay the finalisation of the company accounts. The case also considered the validity of a power of attorney for a lawyer which had been issued by a director of the company in their personal capacity where there had been multiple appeals.
Background