Home entertainment Nut the partnership of a businessman with a manager doubled a company...

Nut the partnership of a businessman with a manager doubled a company to 2.6 million dinars

6
0

The Court of Appeal ruled that a partnership contract between a businessman and his appointed manager to manage his company and save it from debt was broken, after it became clear that the latter had violated his commitment and contributed to doubling the company’s debt from 1.3 million to 2.69 million dinars. The court also ruled that the manager obligated a temporary compensation for the owner of the company of 50 thousand dinars, and re -owned the company to him, rejecting the director’s appeal against the ruling before the Court of Cassation. Details of the case, according to what is stated by lawyer Fawzia Janahi, the prosecutor’s agent, to the beginning of 2021, when the owner of a contracting company concluded an oral agreement with the defendant, according to which he gives him a share of 49% of the company in exchange for its management and pay all its debts. In the following year, a new establishment contract was issued and the waiver documentation was documented, to include later the full waiver of two companies in Bahrain and a Gulf state, in exchange for the director’s commitment to pay the debts and dismantle the mortgage of real estate owned by the owner of the two companies, and paid 3 thousand dinars per month to the prosecutor for five years. She submitted a lawsuit to demand the annulment of contracts and the restoration of companies ownership, but the first court court rejected the original lawsuit and nullified one of the contracts in the corresponding lawsuit, what the lawyer was considered a clear contradiction in the ruling. 2022 was a mock, according to this, the Court of Appeal ruled the annulment of the contract and returned the two parties to the situation they were before the agreement, and compensation for the owner of the company with an amount of 50 thousand dinars for the material and literary damage to him.

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here