Dubai Ruler’s Court settles case involving Dh23 million | GulfNews.com:
"The Dubai Ruler’s Court settled a case filed by a businessman against his partner for breach of trust and misappropriation of funds exceeding Dh23 million. Hashem Salem Al Qiwani, director of the Disputes Settlement Department of the Dubai Ruler’s Court, said the businessman does not permanently reside in the UAE, and is linked to his business partner through a separate contract between them. The partner’s name is not mentioned in the commercial licence, the company’s establishment contract or any of its accounts. The claimant had met the defendant, who is an old friend, in 2003 during a visit to Dubai. They agreed to set up an engineering company, and signed a contract that states that the partner with the capital, the claimant, would receive 80 per cent of the company’s gross profit, while his partner, the defendant, would receive 20 per cent for managing the company."
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