UAE Civil Transactions Law

Article 623

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Five: Company Contract · Part One: General Provisions · Sixth: Dissolution of the Company

1. A company shall be dissolved by the loss of all its assets or of a substantial part thereof, such that there is no benefit in its continuation. 2. If one of the partners has undertaken to contribute a specific thing in kind and that thing perishes before being contributed, the company shall be dissolved with respect to all partners.

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