Khiarallah Advocates & Legal Consultants
UAE Law & Legal Articles Blog

Debt Recovery

We negotiate with subjects of debt and when matter is not resolved through negotiations, take case to the court (start litigation). We specialize in debt collection, default payment issues, debt recovery cases. Contact us for legal assistance Khairallah Advocates & Legal Consultants .

Liquidation

Liquidation is the method by which a Limited Liability Company, Sole Establishment and Free Zone Company closes its operation legally. Company based in United Arab Emirates can be dissolved voluntarily or when it can no longer pay its debts. There are two types of liquidation procedures: voluntary liquidation and compulsory liquidation. Advantages of Liquidation: It happens to the company, not the individuals within the company. Management of the liquidation is passed onto the appointed liquidator, relieving some of the stress that a director may incur as a result of the process. Once the company is liquidated, creditors can no longer … Continue reading Liquidation