Committee for Family Dispute Resolution in Dubai
United Arab Emirates (UAE) is becoming a popular destination for businessmen. Nowadays, man expats have planned to settle in Dubai. UAE laws accommodate every citizen whether they are a Muslim or a non-Muslim, without any discrimination. Some people are already living for so long in UAE with their families. They have made a lot of money and properties and enjoyed success. To protect the legacy and property in the family, the person has to make a will so there is no dispute amongst family members in UAE. Will is for Non-Muslims only. Muslim asset distribution is managed as per the Sharia Laws.
Why is it Important to Make a Will?
Many private companies are run through family businesses in UAE. If there is no will, the family members will fight with each other for the property and companies owned by the bigger family. However, lately, Dubai has introduced a law that protects family companies and family property ownership. It can be better understood with Dubai Lawyers. Dubai lawyers, the most intelligent and competent advocates in United Arab Emirates.
What is the New Law About?
There is a committee formed in Dubai that will manage family disputes related to family property and business. Through this law, disputes among family members will be resolved in a friendly manner, without hurting anyone’s sentiments. However, to address the dispute and resolve it amicably, the family members will have to make peace with each other by understanding the Family Charter. If that does not work, then the dispute is handled by the Centre for Amicable Settlement of Disputes before any legal proceedings begin. Lawyers in Dubai UAE, are also very famous for the understanding of modern and amended laws in United Arab Emirates. For example Ask The Law – Al Shaiba Advocates and Legal Consultants, and there are many where you can grab the latest information and laws.
What is a Family Charter?
A charter is a written document that regulates the family business within the family. It includes family ownership, methods of profit distribution, goals and values that relate to the family and are applied in the business practices and the mechanism of evaluating shares. Moreover, the family charter specifies the educational level, work experience and skill set of the family members to run the family business. If there are Articles of Association and Family Charter, the decision shall be made according to the Articles of Association. Lawyers in Dubai UAE or also known as DUBAI LAWYERS, are not they enough for getting info about family charter? Yes of course they are.
What if the Centre for Amicable Settlement of Disputes Fail?
When the Articles of Association for the Family Charter cannot help in resolving the family property and company disputes within three months, then the case is sent to the Committee. Failure to resolve the issue amicably, the committee will talk to the family about their concerns and conflicts regarding the family property ownership. The decision will be made by the committee and it can be appealed in a competent court in Dubai. Dubai Courts provide opportunity the lawyers all over the UAE to appear in Dubai Courts. But Dubai lawyers are considered trustworthy and reliable everywhere.
How to Protect Family Property and Family Companies in the UAE?
The committee is formed to ensure that the Family Property and Family Companies issues are resolved amicably and do not negatively affect the family members. The committee aims to keep the continuity of family business and as well make it operational during the dispute resolution process. Moreover, this law has made a continuous effort to support family businesses in the UAE by offering various options to protect the family property and do succession planning, carefully. Family properties and assets are distributed in a Non-Muslim family either through will plan or through court if there is no will created before. You can search as Dubai lawyers, lawyers in Dubai, lawyer in Dubai if you want to reach to exact Dubai based Dubai lawyers.
How Do Lawyers Help in Such Situations?
The committee is made up of legal experts in the UAE. Each member of the committee knows the family laws in the UAE and they have different solutions to manage a case of family property dispute. Therefore, you do not have to worry about the committee that has been specially formed for these kinds of disputes. You can hire a lawyer to manage your case as per the laws. Lawyers in Dubai are most popular among all the lawyers in United Arab Emirates.
Significance of the Family Business Law
In the UAE, family business laws address the disputes that happen when the property is not distributed amongst the family members. Each member wants to have the biggest share of the property. However, the citizens in the UAE have witnessed many disputes, therefore, the family laws have evolved. With the inclusion of a Family Charter and Articles of Association, many family businesses are protected in the UAE. Above all of this, a Committee has been formed to ensure amicable settlement for family property ownership.
