{"id":95357,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/","title":{"rendered":"Shuaa Capital faces with AED 22 mn lawsuit from former executive"},"content":{"rendered":"

Shuaa Capital faces lawsuit from ex-executive: <\/strong>The Dubai Labour Court of First Instance notified Shuaa Capital of a lawsuit filed by a former executive seeking approximately AED 22 mn in severance, according to a DFM disclosure (pdf)<\/a>. The case is still in the early stages, according to the disclosure.<\/p>\n

Shuaa challenges the lawsuit: <\/strong>\u201cThe company does not foresee any financial impact given its beliefs that the claim lacks merit based on preliminary assessments,\u201d Shuaa said in the disclosure, adding that the company intends to contest the lawsuit and \u201cis in the final stages of commencing litigation proceedings against the former executive.\u201d Shuaa\u2019s shareholders voted not to absolve the former executive of liability for FY 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lawsuit claims labor dues<\/p>\n","protected":false},"author":1,"featured_media":95358,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1625],"tags":[833,7,217],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-watch","tag-dispute-watch","tag-enterpriseam-uae","tag-shuaa-capital","wpautop","entry"],"acf":{"mongo_id":"4dcb4802-4f4f-4e82-9614-b734fca3fe2c","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/568.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shuaa Capital faces with AED 22 mn lawsuit from former executive","related_issue":[95343],"teaser":"The lawsuit claims labor dues","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a8476adb-d326-44a5-9ab4-5a956d876bee.mp3"},"yoast_head":"\nShuaa Capital faces with AED 22 mn lawsuit from former executive - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shuaa Capital faces with AED 22 mn lawsuit from former executive\" \/>\n<meta property=\"og:description\" content=\"The lawsuit claims labor dues\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Shuaa Capital faces with AED 22 mn lawsuit from former executive\",\"datePublished\":\"2024-09-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=%2C&ssl=1\",\"keywords\":[\"dispute watch\",\"EnterpriseAM UAE\",\"Shuaa Capital\"],\"articleSection\":[\"DISPUTE WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/shuaa-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\/\",\"name\":\"Shuaa Capital faces with AED 22 mn lawsuit from former executive - 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