By Ahmed Kashwani, Special to Gulf News

Articles from the author

Partners in LLC – do you have to pay for company debt?

What does the UAE Companies Law state on partners’ financial liability?

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5 years jail for fraudulent declaration of bankruptcy

Companies that file for bankruptcy should ensure documents submitted to court are accurate

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Why an LLC manager was asked to pay Dh25 million

Signing cheques as manager, knowing they can’t be honoured, is a punishable offence

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8 times an LLC manager can be jailed for wrongdoing

While LLCs have limited liability by definition, managers can be liable for these actions

The crimes listed below entail penalties ranging from three months to three years in jail, and steep fines, which - in certain cases such as influencing the prices of securities - can be as high as Dh10 million.

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