UAE Civil Transactions Law

Article 628

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. The partners holding a majority of the capital may request the court to order the exclusion of any partner where serious reasons justifying such exclusion exist. 2. Any partner may request the court to order their withdrawal from the company if the company is for a fixed term, where they provide reasonable grounds therefor. 3. In both of the preceding cases, the provisions of Paragraph (2) of Article (625) of this Law shall apply to the share of the excluded or withdrawing partner. Such share shall be valued according to its value on the date of filing the claim.

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