ضمانات دائني شركة الشخص الواحد ذات المسؤولية المحدودة في قانون الشركات العماني والإماراتي وطرق حمايتها = Creditors' guarantees of a one-person limited liability company in the Omani and UAE companies law and ways to protect them
This comparative analytical study discussed the guarantees of the creditors of the one-person company, when the objectives of the study focused on clarifying the guarantees of the creditors of the company that were guaranteed by the Omani and Emirati legislators to the company’s dealers, balancing...
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Main Authors: | , , |
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Format: | Article |
Language: | Arabic |
Published: |
OCERINT International Organization Center of Academic Research
2022
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Subjects: | |
Online Access: | http://irep.iium.edu.my/108456/1/108456_%D8%B6%D9%85%D8%A7%D9%86%D8%A7%D8%AA%20%D8%AF%D8%A7%D8%A6%D9%86%D9%8A%20%D8%B4%D8%B1%D9%83%D8%A9%20%D8%A7%D9%84%D8%B4%D8%AE%D8%B5%20%D8%A7%D9%84%D9%88%D8%A7%D8%AD%D8%AF.pdf http://irep.iium.edu.my/108456/ http://ijasos.ocerintjournals.org/en/pub/issue/72105/1170588 |
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Summary: | This comparative analytical study discussed the guarantees of the creditors of the one-person company,
when the objectives of the study focused on clarifying the guarantees of the creditors of the company that
were guaranteed by the Omani and Emirati legislators to the company’s dealers, balancing the privileges
and preserving the rights of the company’s creditors. A statement of the personal and in-kind guarantees of
the company's creditors. The study adopted the analytical method and the comparative method. The study
reached the following findings: The validity of the opinion adopted by the Omani and Emirati legislators,
which was consistent with common sense and respectful of the capital element in the one-person company.
There is consensus between the Omani and Emirati legislators in allocating the mandatory aspect of net
profits to ward off risks. The necessity of increasing the percentage of financial deduction in favor of the
company’s fund and amending Article (274) of the Omani Companies Law and Article (102) of the Federal
Companies Law. The Omani and Emirati legislators had to single out explicit legal texts regarding the
necessity of appointing an auditor for the one-person company. What the UAE legislator held regarding the
permissibility of establishing more than one person company for natural or legal persons is not without
benefits. The creditors of a one-person company, whenever they obtain a guarantee from the sole partner,
have the right to collect their debt, whether from the owner or the sponsor, or to claim both in the event of the
company’s bankruptcy. If the owner of the company’s capital is the guarantor, the claim remains valid
against him, and the claim of the one-person company is forfeited, which constitutes a guarantee for the
creditors and the preservation of their rights. |
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