Introduction
his course is designed for professionals seeking a comprehensive understanding of legal matters affecting companies in the GCC. The course covers the fundamental principles of company law, including the strategic selection and establishment of different types of companies, as well as the management and dissolution of companies throughout their life cycle. Additionally, participants gain valuable insights into legal issues specific to family businesses in the GCC and learn how to effectively address them in practice.
Goals
Participants will learn:
- General principles of company law.
- Company management.
- Corporate governance.
- Problem solving.
TRAINING OBJECTIVES
- Apply legal rules and principles to specific commercial situations through consideration of relevant company law.
- Increase profitability within their organization by selecting the best company type and by adopting the best legal practices in management.
- Recognize the rules that govern family businesses and how they affect the continuation and success of the business.
- Understand the reasons for company termination and dissolution and the legal issues in this regard.
Training Methodology
In this interactive training course participants will frequently work in pairs as well as in larger groups to complete exercises as well as regional and international case studies.
Target Groups
This course is suitable for lawyers, company managers, management teams, business and law students and those who are interested to know more about company law and its implications. It also benefits directors and executives who have direct responsibility for legal decisions within the organization. In addition, in-house council new to the region, and those working within a legal department, find this course highly beneficial.
Program Content
Types of companies and company formation
- Types of companies.
- Memorandum of Association (MoA) and the Articles of Association (AoA) related principles.
- Alteration of clauses of the MoA and AoA.
- Partnership and its formation.
- Limited Liability Company (LLC) and its formation.
- Public Shareholding Company and its formation.
- Overview of other types of companies.
- Choosing between various types of companies.
Company management and shareholders rights and duties
- Roles and types of directors.
- Powers, duties and liabilities of directors.
- Appointment and retirement.
- Resignation and vacation of office.
- Independent director.
- Meeting of board of directors.
- Auditors: appointment, removal, powers and duties.
- Corporate governance.
Family businesses in the GCC and shareholders’ liability issues
- UAE law of family companies.
- The provisions related to family businesses in the new Saudi company law.
- Legal organization of family businesses in the GCC.
- Strategies for survival and growth within family businesses.
- Company management and shareholders’ liability.
- General principles of corporate liability.
- Liability of directors and Key Managerial Persons (KMP).
- Liability of shareholders.
Termination and dissolution of companies
- Winding up of companies.
- Liquidator.
- Authorities.
- Striking off name.
- Insolvency and bankruptcy.
- Restructuring and re-organization.
- Mergers and amalgamation.
- Acquisition and take-over.
