The family company is a form of limited liability company, where the decision-makers are made by members of the family that owns it, and are linked by kinship.

  One of its strengths is that the family members live their lives for the benefit of this company, as they are involved in the work from their early years, which enables them to learn the work method, responsibilities and management, in addition to their understanding of methods of dealing in the market.

  Family businesses have gained great economic importance in the Middle East, as they control many of the major industries in the region in terms of the volume of investments and workforce, which contributes significantly to strengthening the economy and creating new job opportunities.

  80% of these companies are expected to face succession-related challenges to the next generation within the next 10 years, meaning an estimated $1 trillion in assets will be transferred. Due to the special nature and social and family interdependence of the UAE and Gulf societies, family businesses play a vital role in the economies of the country and other Arab Gulf countries.

  At Dr. Ali Al Hammadi Law Office, we provide legal consulting services to family businesses in Dubai, Abu Dhabi, and Sharjah, especially large companies, where our tasks include:

  • Establishing internal regulations and systems to regulate the relationship between the owner of the family company

• Writing minutes, memos, and agreements between the owner and parties of the family company

• Writing and documenting minutes of meetings between the owner and parties of the family company

• Representing the family company before the judiciary and before arbitration centres

• Providing legal advice whenever required