Overview

Despite the limited liability nature of companies, directors may incur personal liability for the debts and actions of the LLC if their behaviour or corporate decisions are not within the boundaries of limitations set by UAE law.

Directors can reduce their chances of being pursued for company debts and liabilities through the implementation of good corporate governance measures to ensure the commercial and legal reasons and assumptions behind their decisions are well documented to ensure there is a record to prove their actions were prudent and within the boundaries of the law.

Hadef & Partners takes a closer look at what limited liability may really mean for company directors.

To read more click ‘view briefing’.