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I am seeking legal counsel regarding a shareholding amendment in my UAE-based company. The business is a partnership firm with two shareholders holding 50% share each. I want the other partner to sign off on the shareholding change, but his current demand for signing off cannot be fulfilled due to the present financial and operational condition of the company.
I need expert legal advice on:
- Shareholding amendment procedures in the UAE
- Shareholder exit and buyout challenges
- Clearing shareholder dues
- Dispute resolution for partners in a UAE company
- The best legal steps when a partner refuses to sign off on share transfer or amendment
Looking for a clear legal opinion on how to proceed with the shareholding modification while ensuring compliance with UAE corporate laws.