Our client is a businessman who owns an information technology company with multiple branches in the Gulf region. He appointed a trusted friend as the company’s director, granting him the authority to manage bank transactions and sign checks due to his own busy schedule.
The director was listed on the business license to represent the company in client contracts. However, he exploited this position to embezzle substantial funds from the company and subsequently established a competing business under his wife’s name, who possesses relevant experience in the field. The director utilized software developed by our client’s company employees for his wife’s company.
Upon discovering this misconduct, our client engaged our services to safeguard his business from theft and to recover his company’s rights.
Accordingly, we initiated legal proceedings, prepared documentation for the general assembly, and resolved to terminate the company’s director, appointing a successor in his place. We proceeded to the company’s headquarters to enforce his removal. During this time, the director attempted to remove a hard disk from the computer and requested to take his laptop, which we rejected.
In accordance with legal proceedings, we engaged a certified information technology expert who produced a technical report indicating that the director had misappropriated certain software assets and transferred them externally. Additionally, we commissioned an accounting report from a financial expert, which revealed that the director had embezzled nearly 10 million dirhams.
Prior to initiating legal proceedings in courts, we engaged in negotiations with the dismissed director and successfully reached a settlement agreement requiring him to repay the 10 million dirhams he had misappropriated from the company’s accounts. As part of these negotiations, we also agreed on a compensation payment of one million dirhams for the unauthorized use of our client’s programs by his wife’s company. Through these prompt actions, we effectively restored our client’s rights, resulting in a monetary compensation that he deemed acceptable. Upon finalizing the settlement, we implemented legal and technical measures within our client’s company to protect his interests and safeguard the proprietary programs under development from theft or duplication.
If you have any legal inquiries, please do not hesitate to contact us for a consultation with our skilled attorneys, who are dedicated to protecting your rights and the interests of your company.
If you have any legal inquiries, please do not hesitate to contact us for a consultation with our skilled attorneys, who are dedicated to protecting your rights and the interests of your company.
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