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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Court Ruling
An Abu Dhabi investor has successfully won a legal case against an online auction platform, resulting in a court order for the platform and its owner to repay Dh197,550. The Abu Dhabi Commercial Court of First Instance ruled in favor of the investor, who had not received his investment back after the agreed period ended.
## Investment Details
The investor had entered into an agreement with the platform to finance the purchase of products for online auctions, with a promised return of 15% profit. He transferred funds to the owner's personal account and made some cash payments. When the investment term concluded, the investor requested his capital and profits, but the defendants failed to repay.
## Legal Proceedings
The investor initially sought Dh233,500, including 9% interest and Dh50,000 for damages. He provided evidence such as the investment agreement, bank transfers, and payment receipts. A court-appointed expert confirmed the investor had contributed Dh217,000, with no documented losses.
## Court Decision
The court relied on the expert's findings, noting the defendants did not provide evidence to counter the report. It concluded that the platform had generated profits from auctions, as suggested by WhatsApp messages. The court ordered the repayment of Dh197,550 with 5% annual interest, dismissing other claims.
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