logo
Bahrain: BD13,597 Payout For Former Partner Over Unpaid Profits

Bahrain: BD13,597 Payout For Former Partner Over Unpaid Profits

Gulf Insider7 days ago
A commercial company has been ordered to pay BD13,597 to a former business partner following a civil court ruling over unpaid profits and an unpaid board allowance.
The High Civil Court found that the claimant, once a partner alongside the second and third defendants, had not received his share of company profits from 2019 through 2023.
Financial records, signed off and accepted in court, showed the firm had made money during those years.
Monthly allowance
Lawyer Sarah Fouad Atiq, acting on behalf of the claimant, told the court that a monthly allowance had also been agreed upon by the board for each partner.
Her client, she argued, had been left out of those payments. Expert financial reports presented during the hearings confirmed the company had turned a profit. The court also noted that money had been moved to another firm, which, in its view, disrupted the proper distribution of earnings.
On that basis, the court ruled that the claimant was owed BD13,597. The company was also ordered to cover court charges, legal fees, and the cost of expert reports.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bahrain: BD13,597 Payout For Former Partner Over Unpaid Profits
Bahrain: BD13,597 Payout For Former Partner Over Unpaid Profits

Gulf Insider

time7 days ago

  • Gulf Insider

Bahrain: BD13,597 Payout For Former Partner Over Unpaid Profits

A commercial company has been ordered to pay BD13,597 to a former business partner following a civil court ruling over unpaid profits and an unpaid board allowance. The High Civil Court found that the claimant, once a partner alongside the second and third defendants, had not received his share of company profits from 2019 through 2023. Financial records, signed off and accepted in court, showed the firm had made money during those years. Monthly allowance Lawyer Sarah Fouad Atiq, acting on behalf of the claimant, told the court that a monthly allowance had also been agreed upon by the board for each partner. Her client, she argued, had been left out of those payments. Expert financial reports presented during the hearings confirmed the company had turned a profit. The court also noted that money had been moved to another firm, which, in its view, disrupted the proper distribution of earnings. On that basis, the court ruled that the claimant was owed BD13,597. The company was also ordered to cover court charges, legal fees, and the cost of expert reports.

Bahrain: Company Ordered To Pay BD13,597 To Former Partner Over Unpaid Profits
Bahrain: Company Ordered To Pay BD13,597 To Former Partner Over Unpaid Profits

Gulf Insider

time24-07-2025

  • Gulf Insider

Bahrain: Company Ordered To Pay BD13,597 To Former Partner Over Unpaid Profits

A commercial company has been ordered to pay BD13,597 to a former business partner following a civil court ruling over unpaid profits and an unpaid board allowance. The High Civil Court found that the claimant, once a partner alongside the second and third defendants, had not received his share of company profits from 2019 through 2023. Financial records, signed off and accepted in court, showed the firm had made money during those years. Lawyer Sarah Fouad Atiq, acting on behalf of the claimant, told the court that a monthly allowance had also been agreed upon by the board for each partner. Her client, she argued, had been left out of those payments. Expert financial reports presented during the hearings confirmed the company had turned a profit. Money The court also noted that money had been moved to another firm, which, in its view, disrupted the proper distribution of earnings. On that basis, the court ruled that the claimant was owed BD13,597. The company was also ordered to cover court charges, legal fees, and the cost of expert reports.

Bahrain: Court Restores Marital Home To Husband After Sham Sale To Ex-Wife
Bahrain: Court Restores Marital Home To Husband After Sham Sale To Ex-Wife

Gulf Insider

time29-06-2025

  • Gulf Insider

Bahrain: Court Restores Marital Home To Husband After Sham Sale To Ex-Wife

A man has won back ownership of his home after the High Civil Court ruled that a BD270,000 property transfer to his ex-wife was a sham intended only to protect the asset. The court found that the sale contract between the couple was not genuine and ordered the house to be returned to the husband's name. The decision followed the submission of a signed statement from the ex-wife, confirming that the sale was only on paper and that her husband had remained the rightful owner throughout. The statement, dated 21 February 2010, was presented by the man's lawyer, Zuhair Abdullatif. The court deemed it legally binding, noting that the ex-wife neither denied her signature nor challenged the content. Under Bahraini law, a private document stands as valid unless its signature is explicitly denied. The man had purchased the home in early 2010 but soon faced financial difficulties. To protect the property, he transferred it to his wife's name in a fictitious sale, trusting she would safeguard it. Just one day after the transfer, the property was registered in her name. Less than a year later, she divorced him through khula, a form of wife-initiated divorce. Despite efforts to resolve the matter privately over the years, the ex-wife refused to return the property and even threatened to sell it. The man eventually took legal action, presenting the court with his ex-wife's written admission that the deal had been for formality only. In its ruling, the court referred to precedents set by the Court of Cassation, affirming that in sham transactions, the true intent of the parties takes precedence over the registered deed. If it can be proven that a transfer was only symbolic, actual ownership must be honoured. The court concluded that the sale was not real and ordered the Survey and Land Registration Bureau to remove the ex-wife's name and reissue the property deed in the husband's name.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store