The partners are jointly and severally liable for all of its debts. One or more limited partners who are liable for the limited partnerships debts. Limited partners are only to the extent of his capital contribution.
According to the law, all joint partners in such type of firms should be nationals of the U.A.E due to partners involved in financial commitments in Limited partnership.
A limited partner may not participate in the management or partners have his name appear in the name of the partnership |