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q 7,8,9 In 2018, two brothers, Nasser and Buti formed a Joint Liability Company, which they named Al Sowaidi and Partners Joint Liability Company)'. In
q 7,8,9
In 2018, two brothers, Nasser and Buti formed a Joint Liability Company, which they named Al Sowaidi and Partners Joint Liability Company)'. In the Memorandum of Association, the brothers appointed their younger brother, Ahmad, as the manager of the company In 2019, the company entered into an agreement with a Russian entrepreneur, Viktor. According to that agreement, Viktor would join the company as a Silent Partner. Also, the partners agreed that Viktor would share the managerial role with Ahmad given his expertise, as well as be given authority to enter into deals on behalf of the company. In 2020, the partners discovered that Ahmad withdrew 50,000 AED from the company's account to finance his luxurious summer holiday in Cyprus. Nasser and Viktor decided to fire Ahmad from his job, but Buti objected to that decision. In 2021, Viktor transferred his share in the company to Global Domination LLC, a company in which Viktor is a majority equity shareholder. The other partners signed-off on the transfer. 1) Did Nasser and Buti adopt the proper name for their company? (1 point) 2) Can Nasser and Buti appoint Ahmad to be the manager of the company? (1 point) 3) Is it permissible for Viktor to join the company as a silent partner? (2 points) 4) Does Viktor's nationality prevent him from participating in the company? (2 points) 5) Is Viktor allowed to engage in the management of the company and to conclude deals on behalf of the company? (1 point) 6) Did Ahmad have the authority to use the 50,000 AED for his personal needs? (1 point) 7) Is the decision of Nasser and Viktor to dismiss Ahmad valid? (1 point) 8) Is it permissible for Viktor to transfer his share in the company to Global Domination LLC? (2 points) 9) Assuming Viktor's transfer of his shares his valid, is the consent of the other partners enough to render the transfer effective? (1 point) Answer the above questions with specific reference to the new Federal-Decree Law 32/2021 concerning Step by Step Solution
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