Unified UAE Legislation Database

Federal Supreme Court - Commercial Appeal No. 324 of 2024 on Managerial Responsibility and Partnership Dissolution

Status

In force

Issuing Authority

Federal Supreme Court

Effective date

XX.XX.XXXX

Official Link

https://

Session on Tuesday, June 4, 2024
Headed by Judge Shihab Abdulrahman Al-Hammadi, "Head of the Department", with the membership of Mr Judge Abdullah Boubaker Al-Siri and Mr Justice Sabri Shamsuddin Mohammed.

 

(1 - 5) Commercial companies ‘Partnerships: Joint Liability Company: A de facto company is a Joint Liability Company’
‘Responsibility of the director in a Joint Liability Company.’ Company ‘The company in general: dissolution of the company.’
‘Trial Court: Its authority to respond to a request to appoint an expert in the case.’

 

1. Company of fact between multiple persons and its nature. Joint Liability Company and its management. For all partners unless the management is entrusted to one or more partners. The manager's authority extends to all actions unless restricted.

 

2. The director of a de facto company is responsible for the damage caused to the company, partners or third parties due to his mistakes. The basis for that is Article 51 of Federal Decree Law No. 32 of 2021 on Commercial Companies.

 

3. Dissolution of the company at the request of one of the partn...