United Arab Emirates:
Five Points You Should Know About Breach Of Trust Before You Accuse Somebody
09 October 2014
Awatif Mohammad Shoqi Advocates & Legal Consultancy
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Five points you should know about breach of trust before
you accuse somebody:
- Breach of trust can only take place
if the crime's object was a movable property, whether it was
money or document.
- Breach of trust takes place when the
accused embezzles or uses or wastes what was delivered to him
without a legal right.
- In order for breach of trust to take
place the accused must receive the possession of the object only in
one of the following cases: As a lease or trust or usage or
mortgage or proxy.
- Unlike theft and fraud in order for
breach of trust to take place the victim must suffer damages.
- In case a shareholder prevents the
other shareholders from practicing their legal rights on their
shares and takes those shares for his exclusive interest, such a
shareholder can be charged for breach of trust.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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