Wasel & Wasel counsels shareholders on contractual breaches of shareholders agreements, articles/memoranda of association, management and service agreements, and loan agreements. We have experience in arguing for the implementation of shareholders agreements vis-a-vis articles of association and assisted in enforcement against corporates, shareholders, and directors. We have also represented clients in matters of insolvency, court-ordered liquidation, and bankruptcy.
Our team has advised on duties and liabilities of shareholders, managers, directors, and enforcement by a company against directors in case of breach of duty in derivative claims by shareholders in the name of the company. We also regularly advise and represent parties in piercing the corporate veil and taking action directly against shareholders, managers, and directors.
We are also practiced in taking action and defending directors of publicly listed companies for alleged, actual or potential conflicts of interest under the securities codes. In cases where directors are held liable by authorities, we have defendant directors vis-à-vis the public prosecution. We have also advised on the enforceability of director insurance.
Our tax litigators have counseled on tax disputes exceeding USD 400 million in collective value and are the first counsel to represent parties before the tax disputes resolution committees and Federal courts in the United Arab Emirates in tax disputes. We have been counsel on precedent-setting tax dispute rulings and are regularly engaged by HNW clients and tax advisors to counsel on issues such as voluntary disclosures and tax penalties.