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can you please write the references? PRVT2652 Problem Question #2 In 2018, two brothers,...

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Accounting

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PRVT2652 Problem Question #2 In 2018, two brothers, Nasser and Buti formed a Joint Liability Company, which they named 'Al Sowaidi and Partners (Joint Liability Company)'. In the Memorandum of Association, the brothers appointed their younger brother, Ahmad, as the manager of the company. In 2019, the company entered into an agreement with a Russian entrepreneur, Viktor. According to that agreement, Viktor would join the company as a Silent Partner. Also, the partners agreed that Viktor would share the managerial role with Ahmad given his expertise, as well as be given authority to enter into deals on behalf of the company. In 2020, the partners discovered that Ahmad withdrew 50,000 AED from the company's account to finance his luxurious summer holiday in Cyprus. Nasser and Viktor decided to fire Ahmad from his job, but Buti objected to that decision. In 2021, Viktor transferred his share in the company to Global Domination LLC, a company in which Viktor is a majority equity shareholder. The other partners signed-off on the transfer. Discuss the legal points that arise from the above scenario. Tip: analyse the question chronologically (start with 2018 first...)

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