Faizal Latheef

Safeguarding Indian Investments In Dubai
Publisher:LiveLaw.in
Publication Date:May 18, 2017
Location:New Delhi, UAE

Excerpt

Many of the Indian investors do not know that inheritance in the UAE is governed by the Sharia’. The implication of Sharia’ on inheritance can be substantial. Upon the death of an investor, all his assets will be frozen.The deceased’s legal heirs will not be able to access his assets, including bank accounts. Also, the deceased’s wife may not be permitted to take her minor children out of the UAE since the legal guardianship of a minor will vest with the father’s father and not mother, upon father’s death.

Author: Faizal Latheef

Faizal is renowned for his expertise in corporate and commercial law. He represents and advises clients on a wide variety of matters including Foreign Investments, Joint Ventures, Mergers and Acquisitions, Corporate Restructuring, Distribution & Franchising, Anti-Corruption & Compliance, Cross-Border Transactions, Employment and Wills.